Just askin Pump Peeps
custer 01-03-2011
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I have been workin on an Idea for a couple years now, It involves a system that can prevent hose whips in most cases and damage to pumps personal and property from plugs. I have a provisional pat. and have been told by a kingpin in the safety side of this biz. if it can do what I claim, it will be mandated in the industry. I have a couple other guys in the industry that are on my team, togather we have around 75 yrs under our combined belts. I am in need of some funding ( aprox. $20,000) to get this built, and tested. I would like to have it done for the Con Ag show, but thats another story. I dont need the amount of cash that a funding giant would require, I'm small change ( their words). So where would you guys suggest I may look for funding in these economic times? Ideally I would like to hook up with a pump company as a seperate entity and use their fleet for testing and advertising. I'm just askin what would you guys do?

Dipstick 01-03-2011
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I'd ask Schwing or Putzmeister. If it really is so great they might want to help you before an other competetor takes of with the credits :-)

Problem is.. If it really becomes mandatory it will not be a unique sellingpoint for the manufacturer that is helping you.. But still enough money to make I guess..


rusty22 01-03-2011
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Nothing will replace experience.

baddassduramax 01-03-2011
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Right, because as long as you have experience your hose wont whip. wait... or will it? You're right, the pump and the concrete knows an experienced op from a newbie therefore the hose will only whip for the newbie. Thanks for the clarification.

shotgunrider 01-03-2011
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If you know it will work and be mandated, do it on your own so you dont end up losing half or more of your profits to your investor.  20000$ shouldnt be to hard on a credit card. 

custer 01-04-2011
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Dipstick There are several reasons a manufacturer is better off with this as an after market tool. (been down that rd.)

custer 01-04-2011
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Rusty22 No comment.

custer 01-04-2011
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Shotgunrider I dont do C.Cards.

murf 01-04-2011
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custer-   something a bit different.... over here we have a tv show called dragons den for entrepreneurs looking for hard cash without the involvement of banks, dont know if u have an equivalent?

http://www.bbc.co.uk/dragonsden/


pumpjockey 01-04-2011
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Yes, there is a US version.  It's called, Shark Tank.  http://abc.go.com/shows/shark-tank

It followed Canada's spin off of the UK series: http://www.cbc.ca/dragonsden/

The cool thing is that the US version has 2 Canadian 'Sharks'.


Granddad 01-04-2011
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Custer:

 My suggestion would be spend the 5k for the full patent then pitch the idea to your manufacturers.  The provisional patent lasts a year.  Trust me when I say people will wait that year to see whether you take it to the next step.  I use the number of 5000 loosely it is around that much.  If need be get your other operators to chip in with you $1666.66  isn't a huge amount to gamble on an idea.


custer 01-05-2011
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Grandad I thinl I will start a fund raiser here, and then go to Shark Tank. Thanks

custer 01-09-2011
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Thanks to all who have responded! I have had some very interesting input and have been given several options to look into. I will continue to contact all that have responded in the order that you responded to this post as time permits. Thanks again.