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Love…..My…..Idea

- Indulge that lightbulb moment with new online haven for ideas

A NEW website for people who simply love ideas is being launched at Enterprise Week 2007.

LoveMyIdea.com is a free and secure online community for people to share, grow and get support for their ideas

The website is designed to enable you to take your idea to the next level through the “nurturing” thoughts and feedback of likeminded individuals and insight from experts.

It could be a business idea, an invention, or a random thought; whatever it is, Love My Idea is the place to request, pitch, grow and even sell your great ideas.

The portal is the brainchild of a group of young entrepreneurs headed up by Derry-based businessman Joe McGinnis.

Mr McGinnis, managing director of Lovemyidea.com, said he understands too well that many people let their ideas flounder because of a lack of resources, confidence or time.

He added: “I have always been someone who has been full of ideas – but I didn’t really know what to do with most of them because there were never enough hours in the day to take anything further.

“From a young age it was instilled in me by my family that if you really want something you have to work for it. So as young as ten, I was always having ideas about how to make some money – I used to make bird tables, keep hens so I could sell the eggs and even clean up bricks so they could be re-sold to build fireplaces.

“Everyone from children to old age pensioners can use the site and we want to be able to help people move forward with their ideas – whether they are for business or social reasons, we welcome them all.

“The website simply gives people the tools to potentially make their ideas a reality. Anyone can invest on the website financially - or mentally, by becoming a mentor, this is what makes us different from a typical “Dragon’s Den” style investor/ inventor format.”

“The term investor for lovemyidea.com is a wider concept – you can invest in the community, a charity, or a family business, and we are hoping it will attract equal numbers of ideas, investors, and mentors alike,” added Mr McGinnis.

Lovemyidea.com is a safe haven for that light bulb moment because the website is designed to put you in control.

Your idea is as confidential as you want it to be. You control who sees your idea, gets to comment and, when you post your idea, you can also state what you eventually want to get out of the site – be that advice and assistance with development, a mentor, or opportunities to get access to funding- or just share with your friends.

Anna Heyes, Head of Marketing at LoveMyIdea.com, added: “There is an ebay mentality involved with lovemyidea.com in terms of there is an underlying element of trust. However we are simply providing the tools to build an idea as much or as little as a person wants. A rating system is also in place so that the more effort a user, investor or a mentor puts into their profile and their contribution, the higher their rating.”

The portal can even be used as an online tool between colleagues to share innovations on projects with a dedicated space to upload files about certain ideas.

There will also be a dedicated “ideas wanted” section on the site. People can offer up their ideas in the section or someone can look for ideas for their company, new products or their existing products with a reward incentive.
For example an individual could post a request for ideas for a unique corporate birthday party in return for a £100 reward.

“This concept is similar to crowdsourcing where a company or agency can outsource a task normally performed by an employee and put some decision making power in the hands of the general public. We are confident this will prove to be a very popular part of the site for visitors,” explained Mr McGinnis.

A dedicated area for agencies such as charities, universities, government bodies and community groups will also be on the site, to upload details and logos and request ideas to help their particular organization or offer their existing services to show they are dedicated to innovation.

“It is simply a portal where ideas can be heard, loved, nourished and encouraged by the community of members committed to changing the way we think about our street, our community and our world,” added Mr McGinnis.

Notes to Editors:

For more information contact Louise Davies at Active Profile on 0151 601 8688 and louise.davies@activeprofile.co.uk

Enterprise Week is an annual UK-wide week of activities aimed at inspiring young people (14- 30) to have ideas and make them happen.
Last year 1,410 organisations got involved in Enterprise Week and anyone can take part - whether you're a voluntary, educational or local government organisation, an SME or corporation, or you just want to attend an event. Visit www.enterpriseweek.org for more details.

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