LaunchItNow - Crowdfunding & Crowdsourcing Platform
Describe the problem that you want to address. How does this problem effect people in their daily lives?
Crowdfunding and crowdsourcing are today’s most important aspects of project development. When they are reviewed separately, Crowdsourcing is the process of connecting with large groups of people via the internet, who are tapped for their knowledge, expertise, time and resources. In the other hand Crowdfunding is used to describe individuals coming together to fund projects by other individuals and organizations.
Online platforms tend to use either crowdfunding to fund the projects or crowdsourcing to get the projects started and these methods worked rather well globally as most of the projects are universally usable by having large target group and audience. But as a small island with rather low population, these kind of platforms’ projects suffered from either low funding or not enough interest.
Solution? Merging the crowdfunding and crowdsourcing ideas in to one, more usable, more efficient platform. LaunchItNow.
Imagine an innovative project that can be very successful if it can be implemented. Let’s say that it needs some amount of money to become reality. When the project is submitted to the platform it will include all the budget details with required equipment, personnel and other services. Everyone related with these areas will be notified trough the platform’s own user base and also in collaboration with other partnering platforms located in Cyprus. Contributors can volunteer or charge less to work for the listed positions, provide equipment for the projects, give other services or directly donate money helping the project get funded and started.
The platform will continue to be supportive after the projects funding completed by including project management and teamworking environment to increase the efficiency of the LaunchItNow projects. LaunchItNow will be available through internet as a web page and also as an application for smartphones. This will provide instant notifications for the project listings that are related to the users and also support the simultaneous project development through team working structure.
With all these flexibility entrepreneurs can jump start their projects much more efficiently with collaborating with other entrepreneurs, volunteers and donators just by listing their projects on the LaunchItNow.