Innovation Shot Caller!
I’m on a roll predicting social-impact entrepreneurial startups that should come into existence! First I nailed some green technology stuff. Now I see that the open-bounties on innovation idea I described last march has pretty much manifested in the form of innocentive.com.
It’s not quite there yet as they still need to find a way to open the bounties up so anyone can contribute their $50-2,000 to the innovative dilemmas challenging humanity, but aside from that they’ve pretty much got it. The incentive is there to open it up since it’d mean growing their revenues exponentially, but they’d probably no longer be able to take 40% of the cash, and would have to find a way to handle the complications that come up when multiple people with somewhat differing objectives pool money for a common innovative cause.
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