FundaGeek – Crowdfunding for Innovation
http://www.fundageek.com/

FundaGeek offers a comprehensive marketplace designed to match potential supporters with compelling projects in need of funding. Projects may come from a diverse set of areas including commercial technology, scientific research, inventions, community support and education. FundaGeek can help you secure funding for your project without giving away an equity interest or incurring debt. Funding is secured from a large number of pledges entered by backers found through the use of social media. FundaGeek helps you tap into the power of the crowd, small contributions from a large number of people. Crowdsourcing has become popular in many areas of business, so it is a natural progression to make its way into funding. Can projects use FundaGeek for equity investments or as a borrowing source? Not yet but the new JOBS Act that was signed into law in April of 2012, could make it possible. How this law will be implemented is yet to be realized. Currently, all projects on FundaGeek are based on the pledge-reward crowdfunding model. JOBS stands for Jumpstart Our Business Startups. The legislation is intended to help entrepreneurs and fast-growing companies sidestep some securities regulations that prevent entrepreneurs from selling shares in privately held companies to the general public. Details associated with the implementation of this legislation are currently being written by the Securities and Exchange Commission. This has been added to the tools section of Research Resources Subject Tracer™ Information Blog. This will be added to Entrepreneurial Resources Subject Tracer™. This will be added to Financial Sources Subject Tracer™.