List of 5 frequently asked questions.

• If I started a nonprofit organization, would this fund help with that or is it just for tangible inventions?

  This fund is not just for tangible inventions. In fact, we would like to see many nonprofit project ideas whether they be for an organization or just a project that benefits others such as a large art installation. 

• Can anyone else help present my invention (an adult or non-LJCDS member)?

  As long as having the person is a necessity you cannot present without. For instance, if the person is presenting a need case, that’s great. But if the person is presenting your project then we would need more details. The overarching objective is for students to be able to learn about new topic areas to effectively present their ideas. 

• Do you give me funds for the manufacturing and help me through that process? Also, will you help me, if my invention is good enough, to get it patented?

  When you get to manufacturing, there are many avenues to get funding for the manufacturing process. Let’s say the amount you need to build molds and purchase product far exceeds the fund’s capacity, then we will help you get to other larger venture capital to get you where you need to go. Remember, the panel is not just there for funding but to assist and guide you. We will also be able to help you with the patent process.

• What is the limit to the fund one person can get?

  Think about it from the need not necessarily the amount. That being said, if there is not enough money in the fund for your project, and you are passionate about moving it forward, we will help you find the funds. 

• If my invention is good enough, does the money go back to the fund or to me?

  We have not fully defined that yet. At the moment, in the case that a project is profitable, the worst case would be that you would repay the original funding amount.
  
  However, the plan for this type of situation has not been decided yet. Please continue to check back for further developments.