Personally, I would take the $20000. Paying 5% taxes on that $20,000 automobile would put you at a $1000 deficit. Of course, you'd make money when they market your idea and pay you royalties.
Quote:
I just entered the TechnoKats' "6 Motor Drive Assembly w/ Pneumatic Shifting".
It was pretty easy to enter (taking all of 10 minutes), since I already had it written up.
We'll see how it turns out.
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LOL... I don't think that would work...
They're looking for devices that they can market. This is a developing company that is looking for ideas for products to sell. They have first rights to market your invention, no matter what place you take. They collect the profits and make money, paying you the royalties.
Chances are, if you have such an extraordinary idea, you could make more money by marketing it yourself. Developing the idea, however, can be more challenging (building a proper prototype that meets federal requirements).