Got an idea - well that’s all you need!

That is what the newly launched, Prototype Invest promises. Just submit your idea on their website. If they like your idea they will develop the application for you free of cost and in return take a share of your equity. In fact their catch line is “Apps for Equity”. Quite an interesting model I must say though there are several factors to be understood before one jumps into something like this - who will own the IP and can this setup work in a global environment (legal status of company etc).

More details are available on the exclusive review of Prototype Invest by Josh Catone here.