Certain entities acquire concepts for mobile applications from external sources. These entities typically assess the commercial viability and technical feasibility of submitted proposals before offering compensation. The transaction usually involves transferring intellectual property rights associated with the application idea to the acquiring company.
The practice provides inventors with a potential avenue for monetization without undertaking the complexities of development, marketing, and distribution. Historically, individuals with innovative concepts faced significant barriers to entry in the app market. The emergence of organizations willing to purchase these concepts has democratized the innovation process, fostering a broader range of potential application solutions.