Earlier quoted context omitted.
Well, that would function as a seed round. And having a breakthrough would mean it’s proprietary. Aka you didn’t buy it at the hobby store. If you have a prototype demonstrating a breakthrough that’s enough imo. I can only recall Oculus from kickstarter and it has been fairly successful
>And having a breakthrough would mean it’s proprietary. Aka you didn’t buy it at the hobby store. Now define a system that will verify that the technology is proprietary and not just assembled off the shelf components. Keep in mind that you can also have a breakthrough system that is made of existing components. And do it with minimal bureaucracy. Keep in mind that the person applying may honestly believe they have a…
If it’s outlandish enough anyway, everybody will know there’s nothing like it.
Take re usable rockets. In 2005 everyone agreed it was an outlandish idea that didn’t exist. And yes, obviously you have to glue stuff in a prototype.