I invented a new type of solar cooker. Presently its prototype is ready and working well. It cooks rice,idly,vegetables and others in 20 to 30 minutes in normal sunny days.Product is completely different from available models in the market. Approximate cost may be 15,000 and above (as per buyer’s requirement).This will be more useful for hotels and domestic purpose. I applied for patent and it is already published. I planned to market my product by own. For that reason i registered a Pvt.Ltd company this year. My company is recognized by Startup India scheme (DIPP). But had not yet started sales.
Because it still required some 10-15 Lakhs more amount for office, store house,certification and other things. Already I invested 5-6 Lakhs for invention and other purpose.I asked in banks for loan.But they are giving loans only for business running companies. Standup India scheme is only for ladies. MUDRA scheme is not giving loan for P.ltd companies and also building advance is not covered on that scheme.I don’t have any asset or job for surety.
Also I am not a highly educated person and very weak in English. So i think if i continue,in future it is difficult me to handle this business.
Presently i am struggling for my family maintenance. So i decided to transfer my company,prototype and patent application to any interested businessman.
I posted ad in classified sites.But most of the people are asking 50% above share in company for their investment and 0% responsibility. So i rejected all offers.
Should i sale my company?If yes,what price can i ask?
Or any other way to continue my business?
Please guide me.