I once remember reading something along the line that ideas are free, or at most a dime for a dozen. However, right now, it comes to my notice that, sometimes, ideas can be worth much more than a dime.
We usually, tend to be more pragmatic, and say that action is what that counts. That means, action instead of ideas is what that will bring us the money. Hmm. But, guess what? If you have good ideas, and by typing your new ideas in less than 100 words, you stand to win $1000 hard cash.
Currently, Action community for entrepreneurship (ACE) is running a contest – “Why Not?”, in which by writing your ideas in one of the area for
(a) increasing Singapore’s attractiveness as a place for business,
(b) nurturing entrepreneurs of tomorrow, and
(c) encourage more innovative and competitive business, you stand to win $1000 cash.
If you think even further, everything around us actually started with an idea. We have the Heinz tomato started off with selling tomato soup. They made it big by serving more and more people. The Wright brothers believed in their idea of making a flying machine, made many tries, and successfully became the first to invent airplane. So, ideas is always the first step.
Now, in our current world, ideas by themselves can also be use to make money. How? That is where patent law comes in. A good novel idea, and with proper understanding/knowledge of how to make a product or a procedure, will allow one to file a patent, and upon successfully granted the patent, the patent holder can make money through licensing royalty.
So, “why not?” be an entrepreneur? Click here to enter for the contest.
Remember the deadline is 17 July 2008, “why not?” submit your ideas now?




