How did a great inventor who left a mark in human history make money for research?

Inventing technologies and products that are indispensable in modern daily life requires a great deal of research funding and money to apply for patents. In recent years, the number of investors who support venture companies and startups has increased, crowdfunding etc have appeared, but how did the inventor before the 20th century, when such a system was not established, make money? 'Roots of Progress' explains the roots of various things.

How early American venture funded their ventures

Samuel Colt, the founder of the American well-established firearm manufacturer `` Colt Fire Arms '', has a single action that is the basic mechanism of a rotary pistol `` When a hammer is fired, the cylinder loaded with a bullet rotates in conjunction with it '' Invented and patented.

Colt was initially experimenting and developing with a fund from his father, who runs a textile factory, but suffered from lack of funds because his father did not trust Colt's invention. So Colt looks at nitrous oxide, which is nowadays used as general anesthesia. Colt wrote, 'I sucked in nitrous oxide myself. drunkenness ( Niece ) It is said that he has made shows around the United States and Canada and has earned money to develop new handguns and apply for patents.



Charles Goodyear is, of rubber vulcanization discovered a method, we were able to be put into practical use a hard rubber-to-use remains natural. However, the road to discovering the vulcanization method was extremely steep, and Goodyear said that he carried out research by throwing all of his assets while holding his wife and children. In addition to borrowing money from relatives, it also sells textbooks used by his own children and makes research funds. Despite being forced into debt collection, he was sent to prison for repayment of debt, but eventually succeeded in obtaining a patent for the vulcanization method. However, Goodyear himself continued to fight in patent infringement trials until his death, and no millions of wealth seemed to have been built.

Christopher Scholes , who commercialized the typewriter and was also the creator of the QWERTY array , was the duty collector for the port at the time. Shoals granted a patent to develop a practical typewriter, but instead of starting a company by itself and starting production, sold manufacturing rights to E. Remington & Sons , a manufacturer of firearms and sewing machines . E. Remington & Sons subsequently separated its typewriter division into a separate company, creating one of the world's largest typewriter brands.


Jack Malvern

Thomas Edison , also known as the 'inventor king' for his work such as the commercialization of incandescent light bulbs and phonographs, was the first successful stock ticker. It is said that Edison was able to set up his own laboratory by selling a large number of patents for a stock ticker that imprinted stock name and price information to financial and telecommunications company Western Union . Edison, who was already a famous inventor when he invented a practical incandescent light bulb, received support from many investors, but since the invention of the light bulb, he researches only with his own assets Now you can do things.

Samuel Morse funded the invention of the Morse code telegraph by the father of a student Morse taught as a tutor. Morse subsequently obtained a large subsidy from Congress to set up a telegraph company and successfully laid a telegraph cable across the Atlantic connecting the United States and the United Kingdom. The student's father, whom Morse taught, happened to have also funded Graham Bell , who invented the telephone.

The Wright brothers , the first human-powered flyer to run a bicycle shop, raised revenue from airplane research from their sales. The technology for assembling and repairing bicycles was also applied to the development of the world's first powered aircraft, the Light Flyer .

by A.Davey

Roots of Progress stated, `` The network of investors was formed around the middle of the 20th century, and at the time of the 19th century there were no various mechanisms surrounding financing prior to inventions and patents. '' 'Many inventors paid their own research funds for the time being.' 'In each case, after the inventor reached an important milestone, such as applying for a patent or commercializing it, he established his own company. It was common to ask investors for funding, 'he said, indicating that there was a large number of wealthy investors who invested in their newly established companies from their own pockets.

in Note, Posted by log1i_yk