Thanks for your comment.

If you have developed an application that has wide-spread appeal, then going open source really could open the doors to innovation.

I encourage you to ask this question to the devshed forum (link below). Find the appropriate category (web, C++, etc.) then join and submit. You’ll find that there are developers in this forum that have done the same thing you have and you should receive some good advice.
http://forums.devshed.com/

Keep in mind that when you go open source with an application, you give up any sole rights to the code. In other words, your code becomes public domain. You can, however, continue to successfully market and sell your product–so can others. In my opinion, that is a win-win situation!

Good luck!
Thomas

It was interesting to read your post on ‘going open source’.
Can you tell me what are the factors one needs to consider before deciding to take one’s application into the ‘open source’ model?

I have a field-tested application that needs a boost, and I believe the specific industry will actually benefit if I take my application ‘open source’…to bring in the best of the brains to develop it into a truly useful and applicable solution (or otherwise?!).

Can you advice or guide me in the right direction?
Thanks,
Sharat