How to improve HEROX platform

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by Anteneh Gashaw | Dec. 13, 2018
There is no quotation that platforms like Herox.com are very important but how do you make them more than a platform?

There are many platforms that I find very useful like herox.com, conservationx.com, globalinnovationexchange.org, challenge.gov, innocentive.com and so on. All of them have similar application. They are very critical for success of an invention but as an inventor I believe that they are just first step towards success. As an entrepreneur, I know after the first step there are many problem. If you think as a unit or as the world is one team, successes of one inventor irrespective of who he/she is or where he/she come from is value added to you irrespective of who you are or where you live. 

So, how do you make this platform assist an inventor in every step of the way? How do this platform become part of a project or an invention? How can we make this platform part of innovators and investors part of their life throughout their life?  

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  • Pushkar Sharma Dec. 18, 2018, 9:38 a.m. PST
    There is a project running in side and he need to pop up and your concept is similar and as I call it BUFU Consultancy (buy us for you) this is what my idea do, we share idea for a people who Got investment but not with the best platform to work on. So as per the market update and the running project we share the idea for the product or it depend upon the. Investment and what excatly my idea do is we also work for the investment we some stake partners.
  • Anteneh Gashaw Dec. 14, 2018, 12:16 a.m. PST
    Thank you Liz,
    The reason I wanted to create this challenge is to propose HeroX a new project that helps inventors all over the world. The main objective of the project is establishing a nonprofit department that funds inventors to build their prototype, assist on marketing, protect them from theft and all the support they need without any discrimination of sex, race, religion and other relevant factor that the old generation measures human beings. So, the basic question is if the department is nonprofit, where does the money come from? The first step of the process is, inventors apply their invention and we select inventions that generate profit and we invest in them. But we sign an agreement with the inventor or the start up that all finance will be covered by the department but the inventor must share some percentage of share of his/her company to the nonprofit department. Since, the problem with most inventors is finance, they will agree because this saves them from dealing with investor negotiation that often leads to fear of bad deal. Then, when his/ her company starts contributing when he/ she start to profit, the money will be used again to provide same deal to another inventor. As more new inventors join, the financial capacity of the nonprofit will be increased. At this point the nonprofit will start taking risks on new inventions no matter the idea seems “crazy”. In order for this project to work first we need some money to fund the first inventor and that inventor must agree to share his/ her company some percent share.
    I do not know how business is conducted in your country but I know mine. From lots of sources, places like Silicon Valley, I have know that investors negotiate with inventors based on the invention and the negotiation is objective on the invention and the invention only. But like most undeveloped countries, here it is my believe that opportunity and deal negotiation matters when you are from certain family with connection no matter your invention. This will lead to discouragement big time. Do not get me wrong, there might be some investor who would prove me wrong but again the target of this project is finding those people who will see the invention before your “face”.
    My goal as an inventor is not just making lots money but using that money to establish this nonprofit and if I see someone establish it, it is a win for me. So, I am glad to be the first inventor to sign an agreement to share some percent of my future company to the nonprofit if you wish to participate in it. I know there are amazing inventors here in Ethiopia that share my “feeling” and I am not taking about “advertised” inventors but the ones who are hidden, on purpose or not.
    Please, talk this with HeroX administration, your partner and make a real difference.
    Thank you!
  • Liz Treadwell HeroX team Dec. 13, 2018, 10:08 a.m. PST
    Anteneh - Thanks for contributing to our challenge ideas section! I think you raise some valid points in your posting. My focus for the upcoming year will definitely be to increase collaboration among our community and provide better support for our innovators.

    If anyone has any specific feature requests or improvement ideas, feel free to message me directly!
    • Anteneh Gashaw Dec. 14, 2018, 12:16 a.m. PST
      Thank you Liz,
      The reason I wanted to create this challenge is to propose HeroX a new project that helps inventors all over the world. The main objective of the project is establishing a nonprofit department that funds inventors to build their prototype, assist on marketing, protect them from theft and all the support they need without any discrimination of sex, race, religion and other relevant factor that the old generation measures human beings. So, the basic question is if the department is nonprofit, where does the money come from? The first step of the process is, inventors apply their invention and we select inventions that generate profit and we invest in them. But we sign an agreement with the inventor or the start up that all finance will be covered by the department but the inventor must share some percentage of share of his/her company to the nonprofit department. Since, the problem with most inventors is finance, they will agree because this saves them from dealing with investor negotiation that often leads to fear of bad deal. Then, when his/ her company starts contributing when he/ she start to profit, the money will be used again to provide same deal to another inventor. As more new inventors join, the financial capacity of the nonprofit will be increased. At this point the nonprofit will start taking risks on new inventions no matter the idea seems “crazy”. In order for this project to work first we need some money to fund the first inventor and that inventor must agree to share his/ her company some percent share.
      I do not know how business is conducted in your country but I know mine. From lots of sources, places like Silicon Valley, I have know that investors negotiate with inventors based on the invention and the negotiation is objective on the invention and the invention only. But like most undeveloped countries, here it is my believe that opportunity and deal negotiation matters when you are from certain family with connection no matter your invention. This will lead to discouragement big time. Do not get me wrong, there might be some investor who would prove me wrong but again the target of this project is finding those people who will see the invention before your “face”.
      My goal as an inventor is not just making lots money but using that money to establish this nonprofit and if I see someone establish it, it is a win for me. So, I am glad to be the first inventor to sign an agreement to share some percent of my future company to the nonprofit if you wish to participate in it. I know there are amazing inventors here in Ethiopia that share my “feeling” and I am not taking about “advertised” inventors but the ones who are hidden, on purpose or not.
      Please, talk this with HeroX administration, your partner and make a real difference.
      Thank you!