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Here is one example that if nothing else is a very alt model for development and manufacturing that might have a number of the elements of what you ponder. They in fact describe this as a 'project'. To be more exact a project to create a 'worldwide consumer cooperative'. Participation is encouraged and considered critical to successs. If you buy the product you become a shareholder and get a vote (1 Pair = 1 Share = 1 Vote). This includes on items like design. The product is shoes.
Of course what you seem to be interested in is more the technical basic design side and making that available for people to take and improve and manufacture. But this might be the manufacturing side that is feed for a product coming out of that process. If nothing else sort of related and interesting.
Links
http://www.adbusters.org/metas/corpo/blackspotsneaker/shoeinfo.html
http://adbusters.org/metas/corpo/blackspotsneaker/members.html
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