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Pewang Konyak

ECE BTech, Looking f... • 7m

Hello Entrepreneur, I have a bunch of questions in my mind if you could respond i would be really thankful. 1. What is the next stage/steps right after done with prototype. 2. when should I patent the product, is it right after prototype or mvp. 3. Does finding an angle investor a right decision?

4 Replies

Replies (4)

utkarsh kothari

Building happening |... • 7m

1. Talk with your potential users. get your first 100 users, take feedback and iterate. 2. Patent can be done anytime, if you think your product or technology used is different and it is scalable or you just don't want anyone to steal your product then apply for patents. 3. Once your done with mvp, pmf then look for investors. without mvp or prototype no one wanna risk their money. if you have gone through the process then apply for accelerators, incubators they tend to help and invest more at this stage.

1 Reply

vineet arora

Serenity in chaos • 7m

apply for provisional patent right a way, you will get 1 year to finalize it. until then your MVP will be in final stage. if you can run MVP without external funding, run it. a rolling model with numbers has high probability of getting investors. Do not expand until you get investments, this will put unnecessary pressure on you. for a working model you will be in better position to negotiate and will actually know the real value of you product, if scaled.

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