Idea #12: TIM - The Ideas Market

TIM stands for the “The Ideas Market”. TIM is a web service that acts as a platform to trade ideas.

Most people have ideas but lack Resources, Readiness and Rigor (3Rs of Execution!) to bring these ideas to life. Many on the other hand may have the 3Rs but lack the ideas or concepts to begin with.

TIM bridges this gap by connecting people who have the ideas to people who need ideas to execute.

Please do not confuse this with concept of investors or private equities. TIM is an open market place where anyone can sell or buy ideas.

The process works something like this,

1. X has an idea but lack the 3Rs to execute. Also X is not inclined to spend energies on the 3Rs
2. X then prepares a business case explaining the idea and revenue model and puts it up for sale on TIM
3. It’s important that the idea be detailed out and not be limited to a high level concept
4. All ideas that goes on TIM will be copyright protected automatically
5. Anyone who is interested in the idea presented by X can bid to buy the idea and can quote a price
6. X can sell the idea based on the highest one time price or based on share allocation that the buyer offers
7. An idea can be sold to more than one buyer if its agreed to be used in non competing scenarios
8. TIM generates revenues by taking a % of the total deal