In less than 100 words, what is your idea?:
A virtual hub for geographic communities to lend and borrow consumer durables such as lawnmowers, power tools, custom kitchen appliances etc. Community tool sheds would have local chapters serving particular areas. They would provide functions for community members to lend and borrow at pre-scheduled times through an online booking system, as well as opportunities for informal chat and community interaction.
What’s really new about your idea?:
This idea draws on the exchange principles of LETS systems and the idea of waste minimisation through online functionality introduced by Freecycle. As far as I know, though, there is no such application specific to the basic principle of borrowing and lending.