Genesis Time Auction

* Bid for time on the Innovative Ideas Engine * Acro Logic does all the work for you * Benefit from a large set of quality Type 1 Ideas * Many different perspectives explored * Ideas to stimulate your creative thinking * Leading you towards innovative solutions

Concurrent auctions running: You may make a bid now.

You are bidding for 20 hours of intense ideas creation time at Acro Logic. All you have to do is clarify what you want the ideas to focus on, then just sit back and wait for the results.

The auction is available to organisations and individuals world-wide.

It is a very simple auction / bidding process:

• You specify your request for ideas on the bidding form
• You explain the benefits that you want to gain from the service
• You provide your contact details
• We clarify your request
• You make one bid: stating how much you will pay for the service
• Bids are accepted from other prospects during the bidding phase
• At the close of bidding the highest bid wins the service
• You pay 50 percent in advance; by online payment (or cheque if in the UK), within 3 days
• The service delivers the goods
• The client pays the remaining fee.

Having browsed through the ideas returned in the above step, you then have the opportunity to benefit from all of the following extra options.

Option: Detailed Analysis and Solutions

The option to pursue any of these ideas in more detail. Plus optional comprehensive support to help you develop and implement a successful solution. [Options provided at an additional cost.]

Option: Purchase Intellectual Property

An option to purchase the exclusive intellectual property rights - i.e. to become the sole owner of the idea. You may want to do this to obtain a patent and profit from the exclusive commercialisation of the idea, or to prevent it getting into the hands of a potential competitor. Unless you take up this option the idea is still the property of Acro Logic - you are licensed to use the idea (but not take out a patent on it), and Acro Logic reserves the right to disseminate the idea to additional clients, and/or publish it. [The conditions, scope and costs for purchasing the full rights of the idea are negotiable. This may involve a one-off payment, or a small initial payment followed by later payments, royalty fees, and/or shares in your company.]

The Genesis Time Auction is probably the most cost effective ideas generation service in the world, but how much should you bid to win the auction? Obviously that depends on the other bids.

Here are some guidelines to help you determine your minimum bid price. Consider that a traditional brainstorming event consists of ten people, each on an average salary of 20,000 pounds per year. Assuming the event lasts just two hours then the cost in terms of staff time alone is approximately 260 Pounds. That figure can then be scaled up based on larger group sizes, longer duration events, the expenses of an away day event, higher staff salaries, etc.

Then of course there is the real value of the ideas generated: the beneficial impact on the organisation! This can be hard to quantify accurately, but consider the following. An innovative product or service will have little, or no, competition and so it is reasonable to assume a profit of at least 10 percent is achievable; in some cases much more. Estimate the total amount of profit generated during the lifetime of the innovation and consider investing a percentage of that in this service.

Will Acro Logic accept bids below the minimum bid price? If the bid value is reasonable, it will do, but of course other participants in the auction may out bid you.

Do not worry about making a low bid.
If you do not win the current auction then you can always bid a higher price in the next auction.

The best value service on the Internet: You set the price!

Please complete all fields, except the re-submit and expiry date fields, which are optional. If you want, you can tell the auction system to automatically keep re-submitting your bid until you win an auction. To do this tick the re-submit box and enter an expiry date in the until field.