The participants need to submit their own unique and innovate ideas that can be developed into any of the following categories:
Novelty Gift • Kitchen accessories • Toys • Energy saving • Environmentally Friendly • Travel accessory
Participants’ ideas should be:
The concept retail price must not be more than US$40/UK£20. More…
Your idea research and back up of your idea expressed in words, diagrams, sketch, etc.
Your idea concept explained with details of how the product works and for whom the product may be purchased by or for.
Your file size should not exceed more than 1 MB.
The winners will be awarded with a cash prize of US$1000. And royalty fee of 1% on retail revenue of the product sold in the first year. How much is that?
Our average new products sell about 200,000 units a year. If your product sells for US$20 retail with 200,000 units sold for the year, then you have potential to earn 200,000*$20*1% = $40,000+/-
Disclaimer: As we generate ideas on a fulltime basis we cannot guarantee that we have not previously conceived of an idea similar in nature to yours. If we have done so, and are planning to release a commercial product based on this idea, we will provide proof of this concept to you. In doing so your concept will no longer meet the entry criteria (i.e. “unique”) and will be automatically withdrawn from the competition. There is no appeal process, the decision of Bluw management is final. No prize money or royalty will be paid out on ideas that have been classified as previously conceived
At the check out use Coupon Code: NOVSALE08
Sale Closes on 30th Nov 2008
Terms and conditions: