Was it my procrastination that led to a lost opportunity?

I was very disappointed with myself last Saturday. An idea that I have been conceiving for months to create a Facilitation Tool kit and market it commercially went 'Boomz' upon realisation that a similar product was released very recently in US. With the past few sessions of workshops for different clients and schools, I realised that there was immense power with non-verbal visualisation that I harness during brainstorming with groups. That said, I was ready to collaborate with a SK who is a pretty cool photographer. We brainstormed several ideas to make this kit a holistic package for various purposes and were excited with how we could develop this commercially. We were ready to submit our joint proposal for a entrepreneur award with funding to prototype our concept. Over the weekend, I felt that my months of excitement and ideas just went down the drain when I read what the newly released package had to offer- the same ideas that I had. Can I re-focus to develop something better? How might I work on the new idea now that I know what are the various resources I have?

Thanks to Kerry Flowers- for your timely dose of humor.
I guess I just have to wait for Noah to come back to pick me up...