JumpStartFund.com, a new portal for startups.

Unveiled, this afternoon in version beta, JumpStartFund aims to be a new way of thinking about starting a business or project. The platform solicits new business ideas and patents from individuals, federal research labs, universities and other R&D organizations.

Connectikpeople has discovered that, ideas and patents, which can be submitted to the site for vetting by both JumpStartFund community members and the JumpStartFund team, are evaluated
for marketability. Those ideas and patents that have potential are selected and moved into a “work in progress” state where members can collaborate in every aspect of bringing them to reality - participating in market research, voting on a number of issues (i.e.: design, naming, manufacturing, marketing, etc.), coming up with additional ways of using the patents and ideas, and eventually turning them into viable companies.

Regarding participation, JumpStartFund members are rewarded with Advisory Points that equal a commission on the company’s revenue for the first year. For the member to maintain the commission over time, they must stay actively involved in at least 50% of the crowdsourced activities related to that company (over its lifetime), creating social capital for the company.

About JumpStarter Inc.

El Segundo, CA-based JumpStarter Inc. is a crowd-powered startup that gives accredited investors access to exclusive dealflow and technology transfer opportunities. Its flagship Internet platform, JumpStartFund.com, is both an equity- and rewards-based crowdfunding platform, which helps people raise money for startup companies and a wide variety of projects. Using the disruptive power of the crowd to vote, comment and contribute on ideas in development, JumpStartFund helps create companies that might not have been. Founding members have been part of the Girvan Institute of Technology, a non-profit, public benefit corporation chartered to facilitate the transfer, development and commercialization of technologies, and to foster the growth of early-stage high-tech companies. JumpStartFund’s primary mission is to help both entrepreneurs and investors leverage the power of the Internet to make it easier for companies to raise capital.