"spigit is a platform that provides professionals the ability to showcase new ideas and innovations and in the process build their professional network. Companies and Entrepreneurs can obtain feedback-contributions-ratings from employees, partners and customers. Through our proprietary simulation they can build and refine an idea, find the right resources to contribute, create buzz, and calculate a multitude of targeted metrics to provide insight into viability and simulate the likelihood of success."

Spigit is an interesting concept, crowdsourcing meets market simulator. I haven’t spent a lot of time on the site, it’s been on my to-do list and I like what I saw in my first pass through it.

New ideas are defined and validated, once those two steps are successfully completed the idea moves into the virtual stock market where idea shares are traded. Pretty straightforward, more so than Cambrian House but like that site it also relies a little too heavily on site specific vocabulary.

In general I really like these projects because they encourage sharing of ideas and that leads to development of ideas. Successful entrepreneurs generally agree that innovation doesn’t happen in a vacuum and every successful company is the result of a series of evolutions brought on through interactions with the marketplace. Spigit offers entrepreneurs a place to test run their ideas with little cost and low risk.

Tags: spigit