HOW IT WORKS

IdeaPros is on a global search to discover the next successful entrepreneurs – the innovators that can change the way we live.

Do you believe in your idea? If you do, a partnership with IdeaPros can reduce your time and investment to launch by up to 75%. We do this in exchange for equity and skin in the game on your part to help defray some of the hard costs. Look at it this way – with or without us – it’s going to take money to launch your business.

We provide you mentoring and create a well positioned business for you. We do this by leveraging our collective experience and employing a cutting-edge evidence-based approach to find the very best product market fit.

We can build you the best racecar in the world, but ultimately, you’re going to be the one driving it. How empowering is that? You want to be in the driver’s seat! If you think you are just going to sit around and let someone else make you successful, entrepreneurship is not for you.

A partnership with IdeaPros is designed to be a launching pad, not the finish line. At the end of the day, nobody can make you successful. Success is up to you. Half of our challenge is finding compelling new ideas, but the other half is finding people we want to bet on. Would you make a good partner? Will you do what needs to be done when we hand you the keys? Can we count on you?

If you think that’s you, let’s take a look at your breakthrough idea, product, or app. We will potentially partner with you to validate, build, and (pre)sell your innovation, but first we need to take you through our 2 Phase Process.

PHASE 1 – Qualification Process

PHASE 2 – Offer Process

Frequently Asked Questions

Q. What are your initial criteria to accept a new partnership?

– A unique product or app that has the potential to capture significant market share
– Ability to partially invest in yourself (we will be responsible for most of the budget)
– No brick-and-mortar or service businesses. We love all entrepreneurs; it’s just not what we do
– We must receive a minority equity position in the company we form together
– Both you and your startup idea must be approved by our Investment Committee

Q. How do I know you won’t steal my idea?

This is something that never happens when dealing with any reputable company. But we understand it’s still a concern for some. So, when you submit your idea to IdeaPros our Confidentiality Agreement is automatically activated on your behalf. We review hundreds of applications a month; we would never risk our reputation over one idea. Are we reputable? Check out our reviews if you haven’t.

Q. Are you Shark Tank?

Many people compare us to Shark Tank, but we can actually help much earlier in the process because we will partner with entrepreneurs that don’t have sales or revenue yet.

Q. Can you get me a patent and a licensing deal?

Any company that promises you a patent and a licensing deal is just telling you what you want to hear. It doesn’t happen except in very rare occasions. If you still want a licensing deal, your odds become much higher when your product has been perfectly designed to meet demand and proven with pre-orders or sales. We provide a different approach to get your product or app to market.

Q. Why do I have to fill out a Qualification Form?

As you can imagine, we review a lot of potential partnerships. If you meet our initial criteria above, we want to learn more about you and your project. The Qualification Form helps the committee determine if we want to offer you a partnership. At the very least we will be able to evaluate where you’re at and give you the next steps towards reaching your goals.

Q. Do you really do ALL the work to create my business?

We have a highly skilled, professional team that builds out every single deliverable that must be considered in order to maximize the opportunity for success. When we undertake to do all the work to build your product/app/business we know that it will be done right and, therefore, the risk that we face as your partner becomes much lower. So yes, we do it all – it helps you – and it protects us. You must be a true go-getter ready to learn and take over operations in about a year.

Q. What do you do as my partner?

As your partner, we will cut up to 75% of the time and capital that it takes to launch, and we do all the work to build your company and your product/app expertly, using over 30 years of experience to your advantage. In exchange, we want a minority stake in your new organization.

Q. Who owns the majority of the company?

You do. We are a minority owner. The exact percentage is case by case depending on how much of the total budget you cover. You will always be the majority owner and you’ll be able to dictate how the company is run – although we’re there to give you advice every step of the way after we launch.

Q. How are profits distributed?

All the revenue goes through you and you pay us our percentage of profits each quarter.

Q. What if there isn’t a market for my product or app?

No one knows if there is a market for your new product or app. We believe in listening to the customer to maximize your chances by deploying customer surveys designed to gain strategic information to make sure your idea can become something consumers will really want, and at a price point that is acceptable. Even if there isn’t a market, there is always an opportunity to pivot based on customer feedback to find a better product/market fit.

Q. How do you market my product or app?

How did we reach you? 🙂 We are experts at online marketing.

 

IdeaPros is the most comprehensive partner for entrepreneurs in the world. Whether you have a fantastic idea, are a startup, or are already operating successfully and looking to expand, IdeaPros is the last partner you will ever need.

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