An anonymous reader writes: I have an amazing idea to create a product that would revolutionize a subset of the computing market. I have absolutely no funds of my own, and I am not eligible for any government grants from my home country. I don't have my product developed, although I am able to demo the essence of the technology in action, and sell the fact that it should be ported to other platforms with the changes that would make it profitable. I have a detailed business plan with financials and descriptions of everything along the way. What I would like to know, is how I can go about finding investors to set this up? Angel investors and VCs are no good from what I can tell, since they all want to invest in already established companies.
This would be a technology company, based on OSS technology and giving a whole lot back to the economy and field. The idea is not patentable, so all that I can do is hope to get the product to market before bigger companies come out with their own versions of the product.
The market my product would be competing in is reported by many reputable sources(forbes, wsj etc) to not be affected by the current economy, and may in fact benefit from it, so I see that as a good sign. I am not a US citizen, but feel I need to target the US market if I want to succeed, and hence setup a US based company. I have no company registered since I don't see the point without yet having a product, something impossible without funding. I would also like to retain control of the company I wish to setup after obtaining funding. My question is, what can I do in this situation? How can I find investors I can convince just on my idea alone without having collateral or an established company?