Archive for September 25th, 2007
Virtual Ventures = Prediction Markets + Crowdsourcing
“Virtual Ventures is a prediction-market community that enables Fortune 500 companies to determine the commercial viability of their non-core inventions that may have value if brought to market by a third-party”.
“Participants at VirtualVentures.com play the role of venture capitalists. They evaluate real technologies from companies and “invest” virtual money in the ideas they think can go to market”.
“Participants track the technologies as they move through the real-life commercialization process”.
DemoFall 2007; Virtual Venture’s site; Fluid Innovation’s site
Back in April I had posted some information about InnovateUS as an example of a predictive market and, most recently, I joined PPX’s game. Virtual Ventures is a new service which lets Fluid Innovation’s clients such as Microsoft gather insights from a community of virtual investors, helping them assess interest levels for a given product or technology, which was initially developed for in-house consumption:
“In one of example of how Fluid can work, Lockheed Martin Aeronautics’ legal team decided to commercialize software the company built to transmit technical data about F-16 fighter jets between maintenance crews. The team worked with Fluid to license the technology to a company called Jouve Aviation Solutions, which wants to provide the same service for other aircraft, as well”.
Read Eric Eldon’s articleureBeat on VentureBeat
Fluid Innovation is undertaking a third round of funding. The company was founded in 2005 and has risen $900,000 from angel investors since.
José de Francisco 
Chicago, 25 September 07 
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“The Top 10″ at the time of uploading this post: [1] Design Concepts: Future Car; [2] Mobile Phone Concepts: Egy Studio; [3] TechCrunch Conference 2007; [4] Mobile Blogging (6): Use Your Phone As A 3G Modem; [5] Innovative Mobile Phones: Objects Of Desire; [6] Mobile Applications (1); [7] EADS Astrium vs. Virgin Galactic; [8] Quicksilver Innovation Contest; [9] Picnic’ 07: Amsterdam’s Innovation Festival; [10] $200 Mobile Computing + 2.0 Apps: Getting Ready For Prime Time.
