The ITM Business Network Process
The Ideas To Market (ITM) Business Network initiative is a member and partner based process that incorporates collaboration for the objective of creating revenue through the sales of locally and regionally manufactured products.
The ITM process involves 3 key components:
1) Potential collaborators meet on the ITM Business Network Forum, where they can discuss ideas that they are interested in, and those in which they may have a role in that they can fulfill. Another strong benefit of the forum is that ideas are presented where member manufacturers, marketers and investors can see them first.
2) Once the key pieces of a potential collaboration have been confidentially agreed upon, the partners enter into an ITM Exclusive Business Cooperation Agreement that identifies roles, responsibilities and revenue-sharing parameters.
3) Products are then manufactured and distributed to participating retail outlets and/or via online sales. The proceeds of the sales are then distributed to the partners through the ITM Business Network.