You are sure you have that million-dollar idea that will change the world. Or you want to produce that product that will attract thousands of customers. But you don’t even know where to start… you have the idea but lack the practical expertise.

Why not crowdfund your start up?

Crowdupping is a portal where you can share your start up project and look for a team or material resources, in exchange for a share of the future profits. The idea is quite different from the classical notion of crowdfunding. Normally, if you try to create a project through word of mouth on the net, you can ask users only monetary contributions, ranging from a few cents to millions, and give in exchange a product or service. There exist also equity based crowdfunding platforms, so nothing new in giving some shares to funders.

So, why is crowdupping different? The platform will actually help you search for the skills or the necessary non-monetary resources you would need for the project.

After registration, the user can upload a sketch of the idea, attaching photos or videos describing the project. Subsequently, the creator indicates the skills he needs (e.g. mobile app programming, visual designing) or the resources (e.g. an office or a computer). In return, he may offer part of the shares or profits that will derive from the project. Other users will then be able to apply and supply the needed means. At this point, the founder of the project can choose the co-workers, after controlling the curriculum or materials offered by the applicants.

The platform’s risks are very similar to the challenges of traditional crowdfunding: Continue reading Crowdupping: Crowdfunding skills and resources →