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Prodigy Network Launches “Prodigy Design Lab”

Prodigy Network Launches “Prodigy Design Lab”

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Published by: Crowdsourcing.org on Feb 23, 2014
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05/15/2014

 
February 20, 2014 12:22 PM Eastern Standard Time
NEW YORK--(BUSINESS WIRE)--Today, Prodigy Network announces the launch of Prodigy Design Lab,the first crowdsourcing platform dedicated to real estate, architecture, interiors, and urban planning. Thefirst competition hosted on the new platform is for the design of the interior spaces of Prodigy Network’snewest project, 17John. As the world’s first “Cotel,” a term coined by Prodigy Network, 17John will be aninnovative hotel designed for the modern business traveler where guests can network, share ideas andfoster like-minded connections.
“Crowdsourcing and Crowdfunding: A Social Media RevolutionIn Real Estate”
In the spirit of collaboration, this community-driven design effort will be hosted online on Prodigy DesignLab and will focus on three separate competition categories. Each category is focused on a different partof the Cotel experience, including collaborative public spaces, guest suites and digital services. Thefinalist for each category will be determined through online voting that will last for two weeks. Winners will be selected by the competition’s jury of experts, including Prodigy Network’s CEO and founder, RodrigoNino; Piers Fawks, editor-in-chief and founder of PSFK; Graham Hill, founder and CEO of LifeEdited; andKarim Lakhani and Professor of Business Administration at Harvard Business School and Director of NASA Tournament Lab.The Prodigy Design Lab is an international think tank where the crowd can collaborate on the ideal travelexperience for the highly engaged traveler. “We have learned that crowdfunding not only democratizesinvestments, it also makes projects viable that otherwise would not be possible. The next step is to createa way in which the crowd can design our crowdfunded projects and this platform is the international stageto showcase the creativity and ingenuity of the community,” said Nino.17John is located next to the new Fulton Center, the third-largest transportation hub in Manhattan, and oneblock away from the new World Trade Center. 17John is an extended stay “Cotel” designed to service thegrowth in the financial district and beyond. Individual accredited investors can purchase REPs (Real Estate
Prodigy Network Launches “Prodigy Design Lab”
17John Creator Hosts Crowd Design Contest To Create First Ever “Cotel” Panel, Interactive Art and Contest Kickoff at New York Social Media Week 
 
Participations) of this project for $50,000 each. Once completed, 17John will stand 23 stories high, andhave 191 furnished units. Architects will combine the building’s existing classic architecture with themodernism of a glass tower to showcase 17John’s extensive views of Manhattan.Prodigy Design Lab will kickoff on February 20 at 12:00pm EST, during the panel,
 “Crowdsourcing and Crowdfunding: A Social Media Revolution In Real Estate
” at the Highline Studios in New York City. Thepanel will also present how society can address complex issues and impact fields like real estate throughsocial media, and how an interdisciplinary approach integrates crowdfunding, crowdsourcing, innovation,design and business thinking to put human issues at the core of problem solving and solutions.Social Media Week guests will be invited to participate in “Unplugged Playground”, a one-of-a-kindcollaborative installation with mural artist Rafael Esquer, featured as part of Social Media Week’sInteractive Gallery. The exhibit, meant to represent a part of the 17John “Cotel,” will start as a fully whiteroom, or a blank canvas, where guests will be encouraged to share their artistic expression in the exhibit.The production of the mural will take place throughout the week and will engage the crowd to create avisual representation of the power of the collective mind. The crowd will also be able to contribute andfollow the mural’s progress through #smwprodigy.To visit the Prodigy Design Lab and more information on how to participate: www.prodigydesignlab.comFor more information and tickets to Social Media Week: www.socialmediaweek.org/newyork
About Prodigy Network
Founded in 2003, Prodigy Network specializes in connecting its international network of individualinvestors with opportunities to participate in institutional grade assets. With its proven crowdfunding modeland use of a third party fiduciary, Prodigy Network has shifted real estate investment opportunities andreturns – that once were solely accessible to large investors – to small investors. As the leader of theworld’s largest crowdfunded skyscraper BD Bacata, Prodigy Network has led six international and U.S.based crowdfunded projects, raised over $200 million from 4,200 investors, and are currently developingprojects with a projected value of $600 million. Prodigy Network’s vision is to advance crowdfunding as aninnovative and dynamic way of doing business through democratizing real estate investments. ProdigyNetwork is headquartered in New York, New York. For more information visit: www.prodigynetwork.com/en
Contacts
For Prodigy NetworkThea LinscottThea@relevancenewyork.com

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