A C$10,000 feasibility study, C$50,000 worth of design and construction on your prototype, and up to C$10,000 liability protection will go to the winner of the second annual Canadian Invention Competition, co-sponsored by Canadian Business
Magazine and Nytric
, a Canadian innovation engineering and consulting company.
Last year's invention contest winner, Ortwin Groh from Chilliwack, B.C., invented a trailer-hitch alignment system that he had been working on for 14 years. Because of the support he received from Nytric, he was able to produce a production-ready prototype that would not infringe on other trailer hitches and that utilized affordable materials. Now Groh is in discussions for an exclusive license with a potential North American manufacturer and distributor.
An interesting side-note to last year's invention competition is that there were three inventions which were of strong interest to the judges. Nytric felt that it could have developed all of them successfully, but two of the three inventors did not have the umph or the dedication to see their inventions through to market. Mr. Groh, on the other hand was totally committed to his invention, and he now spends six hours a day working on it. Oh, that six hours a day? It's in addition to his full-time job.
So commitment is one qualification, living in Canada (except Quebec) is another, and the third... is a super invention! Find the application here; applications are due by May 2, 2008. And good luck!
via Canadian Business