Hiya all,
In 2007 we are going to be mixing things up a bit in the old IdeaWarz tourneys. Instead of winning a Market Test from yours truly, Cambrian House, IdeaWarz champions will win $1000 cash, and a $9000 in funding to build their idea through the Cambrian House community. That’s right, not only will you get $10K to fund your idea, you will also keep the IP rights to your idea, and get to decide how you distribute Royalty Points. Yes, this will be retroactive for those who have already won their respective IdeaWarz Tournaments. In your profile you will be able to track the $9000 community fund money through the, to be built, funding tab.
Why the change?
We realized in 2006 that we could do more to empower the strong entrepreneurial spirit of our community. Instead of trying to consume and commercialize everyone’s ideas ourselves, we felt we could do more by giving the winners a community, infrastructure, and services that would allow them to do it themselves. A platform.
Rather than act as a bottleneck and commercialize one idea per month, why not let a 1000 flowers blossom and let anyone realize their ideas.
What can be done with the $9000?
The $9000 is seed money for tournament winners to spend within the Cambrian House community. For example, they can spend it to purchase Google AdWords to help market their idea. Or they could hire talent from within the community to help build their website. Whatever they need to get their idea off the ground, these funds and the Cambrian House community are there to assist in the lift off.
Let’s get ready to rumble
No doubt, IdeaWarz will take on a whole new meaning in 2007 with this boost in prize and award. I expect this year’s tournaments to be even more epic and sensational. If you have been holding back any ideas from the community, now would be the time to submit them.
No doubt many of your will have questions. Please join me in the forum to discuss this exciting new IdeaWarz tournament prize, and any other questions you might have.
May the best idea win!