Daymond John and Edison Nation Want Your $1 Million Dollar Idea

Daymond John, the sought-after new business consultant known for his role on ABC’s Shark Tank and as CEO of FUBU, is partnering with Charlotte, N.C.-based Edison Nation, an online community that pairs independent inventors with global retailers, manufacturers and ASOTV leaders.

Daymond John’s business and entrepreneurial finesse is seen by millions of viewers on Shark Tank, the hit reality TV show in which everyday people bring business pitches to a panel of investors. The third season of Shark Tank premiered on ABC January 20, 2012.

The Edison Nation and Daymond John collaboration is presenting an opportunity for people with innovative product ideas to pursue licensing and commercial success.

This search is made possible through Edison Nation’s Innovation Fund. If an idea is selected for commercialization, Edison Nation will invest up to $1 million in development dollars into the innovation and bring it to market. There is no limit to the number of ideas Daymond John and Edison Nation will choose for this search.

“We are thrilled to partner with such a prominent businessman and entrepreneur as Daymond John,” says Edison Nation CEO Louis Foreman. “Our hope is that this partnership will expand the likelihood that independent inventors’ ideas are matched with a suitable retail or manufacturing company.”

Edison Nation is an idea-to-shelf product developer and web-based platform that addresses the innovation needs of leading retailers, manufacturers and ASOTV companies through its social community of inventors. Edison Nation utilizes a $25 Million Innovation Fund and various corporate relationships to bring independent inventor-driven ideas to market.

“I’m excited to work with an innovative community such as Edison Nation to share a critical path for everyday people’s ideas that can be brought to market and find commercial success,” says Daymond John.

It is free to join Edison Nation and a nominal fee to submit ideas to current product searches.

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