Tom Lynch
Troy, MI (USA)
Role(s):
LifTrac Monitoring LLC
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Startup
Location:
Troy
Industry:
Technology/Web
Year Founded:
2007
Number Employees:
INVALID
Description:
Background: LifTrac Monitoring LLC is currently in negotiations with a $60 Billion International Company and several other fortune 100 firms to sell the licensing rights for our US Patent approved 24 October 2006.
Proposal: LifTrac Monitoring LLC is looking for $3.5 - $5 Million in bridge financing for no longer than six(6) months from date of receipt.
This money will be used to finalize the patent protection in China, India, Korea, Japan and the EU and pay off loans during the development of the patent over the past 5 years. The patents have already been filed in countries listed above.
Collateral: The financing party/ies will have assignable rights to the patent until the loan is paid off.
Terms: Negotiable