It is in current VCs interest because it would give them quality deal flow. Deals @ less then $1-million is not really the best spot for VCs. So if you know some of them get them to support the idea.

There is a lot of work to be done just to see if an idea like an Ontario Seedling Prediction Market could be designed in the way that I have started to imagine. Something that we could all do right now is to reach out to vendors and experts and obtain their input on the idea. I have reached out to three different contacts and I organized a meeting between Angels, VCs, social innovators, senior legal brains and entrepeneurs.

In short, alot more research and design needs to be done to take the basic idea in the post and turn it into a proposal or business plan. I wonder if the entrepeneurial community can see the self interest in dedicating some cycles to advancing the idea in this way. I know how hard it is to justify taking your eye off the ball for a side project.

without passionate volunteers to flesh it out, it would need to be a paid enagement.

Honestly – even if the Ontario government or a local VC or Angel Association or the like showed the leadership to fund this R&D phase, the entrepeneurial community would need to pitch in to feed information, insights and contacts so that the consulting engagement would not be a work completed inside a silo.

Personally, I would love to drive a startup like this.

I love the idea of creating a seedling prediction market in Ontario (or across Canada) to spur interest and investment in pre-revenue startups. The current environment certainly isn't doing enough to fund the right number of good ideas and good people.

Your idea to leverage the government sponsored venture funds to take part in this type of initiative makes perfect sense but I'm still very uncertain how one takes that step. It still comes down to a small network of proven entrepreneurs and investors who seem to maintain control and influence over tech innovation in this country.

How would you envisage getting this type of concept moving?