GeekLabs, the research and development branch of the well-known nerdy gadget shop ThinkGeek, has announced a new idea submission forum: the IdeaFactory. In its essence, the IdeaFactory is an interesting experiment in crowdsourced R&D, where the best ideas are made and marketed with the rest of ThinkGeek’s products, plus $1,000 and 10% of retail sales are given to the submitter.
According to the company, the IdeaFactory is “its latest plan for world domination.” Clearly ThinkGeek has a lot of faith in the collective creativity of the masses, so pull out that idea notebook and send over what you can find. Ty Liotta, GeekLabs “Mastermind,” explains the reasoning behind the new program:
"We always want to bring as much awesome to the world as we can. One of the ways to do that is make this process as easy as possible."
Founded in 2010, the industry website, Crowdsourcing.org, is a neutral organization dedicated solely
to crowdsourcing and crowdfunding. As one of the most influential and credible authorities in the crowdsourcing space,
Crowdsourcing.org is recognized worldwide for its intellectual capital, crowdsourcing and crowdfunding
practice expertise and unbiased thought leadership.