Innovation, collaboration and knowledge sharing


1

I have an innovative idea that I want to put onto the market, but I still have to develop the idea into a product.
I know a few companies that have the knowledge I am looking for.
What is the best option to handle this?

  • Should I give them a share of the profit, or should I hire them? (I expect hiring will be very expensive)
  • What terms should be in the contract of the collaboration?
  • Is there any free software available that supports both knowledge- and document sharing? (like Microsoft SharePoint)

Entrepreneurs Salary Partnerships Project Innovation

asked Feb 10 '11 at 23:46
Blank
Bruggew
21 points

1 Answer


1

Start by talking with them and gauging interest. Just because you think it is a great idea does not mean they will want to invest time and resources into your idea. How much equity and/or cash they will want to develop your idea will depend on their level of interest.

Terms of the contract can be determined when you have more information.

Google Apps includes a knowledge management solution (wiki) and Google docs, both of which work well for sharing information. (http://www.google.com/apps/intl/en/business/index.html )

~harris

answered Feb 11 '11 at 01:20
Blank
Harrisreynolds
11 points

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Entrepreneurs Salary Partnerships Project Innovation