GeekLabs, ThinkGeek‘s covert R&D branch, has announced a new program, IdeaFactory, that will allow inventors to take advantage of ThinkGeek‘s proven product creation process.
IdeaFactory is open to any and all ideas that would be a great fit for ThinkGeek. IdeaFactory doesn’t even require inventors to upload a video or pay other upfront costs. Inventors simply must provide a description of their product along with a picture or rendering. All of the production and marketing is taken care of by ThinkGeek. If an idea succeeds, the inventor will receive a $1,000 cash advance and 10% of retail sales for the life of the product. In addition, the inventor will still have the rights to sell their product elsewhere, such as at cons, tradeshows and other public events.
To learn more about IdeaFactory or to submit an idea visit ThinkGeek or contact ideafactory@thinkgeek.com.
