Investment Platform for Innovation Projects

bonanza-kreep (66)in #labstart • 6 years ago

Labstart makes it easy for anyone to invest in new and innovative projects without being an accredited investor. Apart from participating in thrilling new projects and helping shape the future, investors will hold a certain number of shares in the resultant intellectual property. As for the innovators, they will be able to bypass the innovation fundraising ecosystem that currently narrows their possibilities. In fact, innovation projects with patents filing can be carried out by a wide variety of entities : start-ups, small to large companies, independent laboratories and others.

https://labstart.tech/

A new way to fund innovation

In order to open the innovative ecosystem to everyone, LabStart intends to use the various models of crowdfunding by incorporating the concept of patents. Once the innovation project finished and the technology or the product itself developed, each investor will hold a share of the patent ownership. Sharing the patent ownership and tracking the innovative process are made thanks to the blockchain and smart contracts technology, via the LabStart platform.

To make investing in innovative projects easier, LabStart has developed its own particular token: LabCoin. Aside from being independent of changes in fiat currency rates like dollars, LabCoin enables easier interaction with smart contracts, considering it is an ERC20 token. ERC20 tokens created on the Ethereum network.

The number of available LabCoins is set beforehand and will be distributed during the pre-sale and the ICO. LabCoin will be tradable on the exchanges after the ICO has ended.

https://labstart.tech/

LabCoin is the only currency that allows investors to fund the innovation projects featured on the LabStart platform. For every investor the amount of LabCoins invested in a project coincide with the patent shares owned at the end of the project, as well as the weight of the vote in the joined Decentralized Organization.

How does Labcoins serve project teams?

Once a project is fully funded, all the LabCoins invested in the project will be converted in fiat currencies on the exchanges to raise the funds needed for the project team.