There are two main ways to fund projects - individual risk and reward (patents) and socializing costs (prizes). There are pros and cons to both, and they both can and should coexist. We need more of the latter, especially for projects that seek to solve negative externalities, like Richard Branson's excellent <a href="http://en.wikipedia.org/wiki/Virgin_Earth_Challenge" rel="nofollow">http://en.wikipedia.org/wiki/Virgin_Earth_Challenge</a><p>I have written articles about the second type of funding, such as this one: <a href="http://magarshak.com/blog/?p=93" rel="nofollow">http://magarshak.com/blog/?p=93</a>
This one raises some eyebrows (a marketplace for prayers, where you can pay people to pray for you):
<a href="http://ideamarket.com/details.html?project_id=6283879140818944" rel="nofollow">http://ideamarket.com/details.html?project_id=62838791408189...</a>
If you have any ideas you would like to submit, we'd love to hear them. But especially if you know any great entrepreneurs, it would be great if you could tell them to look at the challenges at IdeaMarket and see if any meet their passions. Thanks.
Clicking <a href="http://ideamarket.com/founders.html" rel="nofollow">http://ideamarket.com/founders.html</a> gave me this:
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