Market for Inventors?
On April 28th Eureka Ranch Technology Ltd. will launch a registry site where researchers and inventors can post their ideas. The site is planeteureka.com. The purpose of the site is to offer innovations to people and companies who can develop posted ideas into marketable products.
The reasoning is that small businesses don’t have much money for research and development, but they are very good when it comes to bringing new ideas to market. So, the site offers new, underdeveloped ideas to small businesses. The site has some big name backers: Best Buy, Department of Commerce, Proctor & Gamble.
It is a good idea to try and improve the flow of ideas, reduce the friction in the market place for ideas. The big problem, of course, is the theft of intellectual property. Considering my son’s college experience with ex-patriot students from Taiwan, I expect there is little respect for intellectual property in the 3rd world.
Often friction is a good thing. Off hand, I wouldn’t post much information about my inventions online because I know it will get stolen, a la the music world. There are safer, if more difficult, ways to market your inventions.
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POSTED IN: Business Improvements, Business Plan, Computer Technology
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