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It can be lonely," says Michael Boehm, inventor of the George Foreman Grill, who shopped his cooker concept for two years before finding a partner to help commercialize it in Many lonely entrepreneurs find fulfillment only after matching up with an outside resource, says Mike Docherty, founder and CEO of Venture2, a firm that aligns entrepreneurs and technology innovators with corporations to accelerate product development via a collaborative process known as open innovation.
If they think they can bootstrap it, if they want to commercialize and scale up their idea themselves, then have at it," Docherty says. But nascent businesses have other options. The world is full of reputable matchmakers who stand ready to help complete an idea or make an enterprise whole--without breaking the bank or sacrificing control of an idea. The would-be borrower posts the nature of the loan request, credit history and the maximum interest rate he is willing to pay, then lenders bid down the interest rate in an auction.
If the borrower decides to accept the loan at the bid-down rate, funds are issued directly into his account. For more conventional forms of funding, there's ActiveCapital. For a searchable online database of small venture capital firms, visit the National Association of Small Business Investment Companies website.
At the website of the National Venture Capital Association, there are links to state, regional and special-interest VC organizations. Partners Maybe what you need is a corporate partner to help bring an idea to the big time. According to Docherty, opportunities await entrepreneurs in the emerging field of open innovation, where large companies and innovators collaborate to bring a proven concept to market. Now more than ever, he says, "progressive, large companies are recognizing they need outside innovators as much as innovators need them.
For those who prefer to avoid the dating scene, there's PartnerUp. Users solicit interest by posting partnership opportunities. Once potential partners identify one another, they can communicate anonymously before formalizing a relationship. Location, Location, Location Entrepreneurs seeking guidance in locating their business can turn to the likes of ZoomProspector.