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Gazette Profile; FundaGeek Helping Technology Innovators Get Funded

Gazette Profile; FundaGeek Helping Technology Innovators Get Funded

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Published by: Crowdsourcing.org on Nov 11, 2011
Copyright:Attribution Non-commercial


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The Gazette profile is proud to feature a new crowdfunding platform, based inCalifornia for technology and scientific projects in need of funding.
 A new crowdfunding platform has recently launched that looks to help scientificand technological projects get the funding they need. Called
its focusis very much on technical innovation and basic research into commercial productsand services such as software & hardware development, inventions, robotics, biotechnology, as well as alternative energy. The company also encourages projectsinvolving basic research in the physical and life sciences.FundaGeek  was founded byCary Harwin and Daniel Gutierrez, both with extensive backgrounds in technology, marketing and finance. Over the last thirtyyears Cary has, as President and CEO of a number of successful startups, been
present at the forefront of ground breaking developments in the introduction of computers and development of software in accounting, tax and finance services.Cary is also President and CEO of his own software company CatalystDevelopment Corporation. As a graduate of UCLA with a BS in Mathematics &Computer Science, FundaGeek co-founder and CEO Daniel Gutierrez'sknowledge is renowned. For over 18 years Daniel was an instructor for the Business andManagement department of UCLA as well as eight years as technical writer andeditor for Data Based Advisor Magazine. Decades of working in these fields havegiven Cary and Daniel the insight and understanding of these markets, makingthem suited to help technologist entrepreneurs target their idea to the right market.Applicants looking to submit their project for crowdfunding can do so easily withFundaGeek's project wizard to guide through the simple process. Like mostcrowdfunding platforms FundaGeek ask for at least 5% of the total funds raised. Inreturn, as well as a platform from which to seek out potential investors, FundaGeek will offer assistance and promote the projects through social media to better attractwilling investors. Where it differs from other platforms however is project ownerscan opt to pay 9% in return for a more premium service agreement.FundaGeek's 'Premium Marketing Resource' offers more substantial services tohelp that goes beyond simple promotion through their own social network. Forexample, project owners are encouraged to write press releases announcing detailsof their project to be followed by subsequent releases providing progressupdates.These are presented to FundaGeek along with certain keywords which willthen be searched through a database of over two million writers, editors andpublications. If any match or relate to the keywords provided then the releases aredistributed to those on the list. FundaGeek also monitor over 20 million blogs forany mention of the project name. Postings found to feature those projects are thenadded to a daily digest with contact details for the project owners to provide updateand follow up leads.Many of the crowdfunding platforms concentrate on creative projects such as filmmaking, music, and other artistic ventures. Cary and Daniel spotted a gap in theprovision of crowdfunding services for technical and scientific innovations.Funding for such projects has become scarce resulting from the current economicclimate and so a new approach was needed. It is a demand that has seenFundaGeek, during a two month period, received over 8000 hits, and subsequentnumerous projects looking to sign up. These include a fault tolerant control system,a project to research and capture wild life sounds in the Borneo rainforest, and a

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