Sunday, April 13, 2014

Idea to Reality

Many of us have had great ideas for products. And they remained that. An idea. Mainly because we didn't have the ability to translate those ideas into working products. We basically find that we don't have the resources to convert our ideas into reality.


Now there's an option. Quirky is website that allows inventors to share their ideas and if the site's experts and its users find that the idea has commercial merit, they will convert the dream to a reality.
You can check it out at : www.quirky.com


An example is of their latest release, a cool air conditioner. And what's really amazing is that it took just 4 months from the first submission of the idea to the final product available in stores. So not only do they help the inventor with the development of the prototype, they have a great system to get it to market.



And if you thought all of that was great, here's the best part. Money. All the stakeholders get a piece of the pie. The inventor gets a % (in the 10% range), and interestingly enough so do the site users who were part of the interaction that led to the idea becoming a product.


Would like to go on, but have to rush. Need to get out my drawing board and sketch out the ideas I have. And that's one of the negatives of such a portal. We all may suddenly realize that our dream idea is not such a great idea after all.

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