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Funds Closing Soon - Question... I'm new...
melell's Avatar
Melanie Ellsworth

Hi! I am new and have a quesiton…
I have entered one thing in the ASOTV contest.

I entered really last minute and am still in it, but it is my first time, and odds aren’t every likely it will stay in.
After seeing how many times everyone enters ideas, I feel like a lone ranger with just one…..

Should I enter the same thing in one of the Funds before they close or just wait it out and enter it in next time there is a new Fund Search?
I hope this makes sense.
thanks!
Melanie

posted September 22, 2011 23:21 (
)


melell's Avatar
Melanie Ellsworth

Thanks for the explanation
this inventing stuff is harder than I thought, ha!
I very much enjoy EN doing the work to find out if it will work, instead of me wasting money on it.
thanks again!
Mel

posted September 23, 2011 10:40 (
)
countofmontecristo's Avatargold
Ralph Machesky
69,000
Insider Points

Melanie-
Welcome to EN, you’re in a great place wih great people here. The earlier advice about becoming an ‘Insider’ and opting your Fund submissions into the licensed product searches (LPS) is def a good way to go. As far as ASOTV critieria and the Innovation Fund criteria go, I believe they each have thier own specifics which makes them both ‘tough’.

ASOTV items are typically items that-
-Have mass market appeal
-low cost to produce
-fills a need and/or solves long standing problem
-short path /timeframe to full development

Fund items on the other hand, tend to be what they call ‘Game Changers’ or ones that ‘break the mold’. Marc Starks Robotic hand was the first selected here, if I remember right and will make a huge impact on amputees around the world. It may not have ‘mass market appeal, per se, or be low cost, but could easily be labeled the best in it’s class.

Best of luck to you and don’t be afraid to ask more questions. Questions are good. : )

posted September 23, 2011 08:15 (
)
melell's Avatar
Melanie Ellsworth

Thanks for all the advice! I upgraded to an insider and re-entered it. It perfectly fits the description of the category so i hated to pass up the chance, just in case. We will see if they take it in there.
What is a harder search, the ASOTV or the Fund Searches?
thanks for all the help!
Melanie

posted September 23, 2011 07:58 (
)
design777's Avatar
Jane S

I am pretty sure that you can enter the idea into a fund search and pay the fee without changing the submission too much Melanie. I also like the idea that Michael suggests to help by becoming an insider first, it kinda adds up better in the long run :) Glad to see you here and best hopes to you!

posted September 23, 2011 07:43 (
)
chriscam8's Avatargold
Chris Campbell
117,500
Insider Points

Melanie,

I had a submission to the innovation get an R4…………but I opted it in to 2 other searches with no changes and it sits at G5 and G4 in those. I can’t tell you why for sure, but it seems like the more searches you opt into, the more eyes is on your product, the better chance you have to advance. Good luck!

posted September 23, 2011 07:25 (
)
melell's Avatar
Melanie Ellsworth

Thanks for the info! I got a R4 today – kind of saw it coming with my first idea.
I really don’t have anything to change…. should I enter it into the Fund search if I don’t have anything to change?

posted September 23, 2011 06:35 (
)
anant_gilra's Avatargold
Anant Gilra
89,000
Insider Points

Welcome Melanie! Next time for a fund will not be before long. In general from what I have heard, funds are more difficult to cross as compared to searched. Its a better idea to enter into fund (by first becoming insider). That ways you pay $35, and you can opt into any no of searches. If you really feel your idea is good and fits into the fund criteria, go ahead!

posted September 22, 2011 23:50 (
)
ring-go's Avatargold
Michael Heagerty
404,500
Insider Points

Melanie,
Welcome to EN! You have done well by finding your way here…
As far as multiple entries go, my first suggestion would be to sign up as an insider (paying member). For the 9.95 a month you will see reductions in your submissions that will add up quickly. Especially in the Fund searches. As an insider, the best way to submit to both a Fund search and a Live Product search (LPS) would be to enter the Fund search first and then “opt in” to the other searches, such as ASOTV for free. Here is the link to insider info. in case you wish to consider it; http://www.edisonnation.com/lounge.
If you wish to add your idea to a Fund search after submitting it to the ASOTV search, then it will have to be an independent entry/idea (perhaps a few tweaks to make it newish).
I believe the Fund searches will post again in about four to six weeks after closing…hope this helps. Happy Inventing! ;-)

posted September 22, 2011 23:50 (
)



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