CROWD FUNDING SYSTEM

• US 20130226688A1
• Filed: 02/23/2012
• Published: 08/29/2013
• Est. Priority Date: 02/23/2012
• Status: Abandoned Application

• Current Assignee: When U Wish, Ltd.
• Original Assignee: When U Wish, Ltd.
• Inventors: Harvilicz, Annie, Martinez, Andres
• Application Number:
  US13/403,898
• Publication Number:
  US 20130226688A1
• Time in Patent Office: Days
• US Class Current: 705/14.39
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising

Abstract

A method and system to help fund projects, such as business ventures, charitable causes, and those generally in financial need, by providing a website where viewers can browse projects, select projects to fund, and donate money, or goods and services to fund the project. In the spirit of giving, the creator of a new project may also be required to make a donation or pledge to an existing project in order to have the new project published.

Claims

1. A method of funding projects via the Internet, comprising:

a. establishing a website to advertise the projects as being available for funding;

b. receiving a request to create a new project from a user;

c. creating the new project based on information inputted from the user;

d. requiring the user to make a contribution to an existing project to publish the new project, wherein the contribution is selected from the group consisting of a pledge or a donation;

e. receiving the contribution for the existing project from the user; and

f. publishing the new project on the website after the contribution has been processed.

2. The method of claim 1, further comprising determining whether the contribution meets a predetermined minimum.

3. The method of claim 1, further comprising providing a checkout page, wherein the user has the option of donating to any existing project, pledging to any existing projects, or paying a fee to create a project.

4. The method of claim 1, crediting the user a predetermined amount of tokens for creating the new project, wherein the tokens can be used to make a payment at checkout.

5. The method of claim 1, further comprising providing the option of offering the pledge in the form of money or an offer for sale to fund the existing project, wherein any proceeds from the offer for sale is donated to the existing project.

6. The method of claim 1, further comprising offering to redeem a coupon, wherein when the user makes contributions to multiple existing projects, the user is offered a selection of which of the multiple existing projects to apply the coupon.

7. The method of claim 1, further comprising awarding badges to the user for making the pledge to the existing project.

8. The method of claim 1, wherein the website comprises a browse page displaying an interactive map of showing icons to indicate locations of projects that are available for funding.

9. A method of funding projects in need of funding, comprising:

a. establishing a website to advertise the projects as being available for funding;

b. establishing a checkout system, comprising providing an option for

i. receiving payment to donate to an existing project,

ii. receiving a pledge from a pledger for the existing project, or

iii. receiving a payment to pay a fee.

10. The method of claim 9, wherein the fee is paid by a project creator to create a new project to be published on the website.

11. The method of claim 10, further comprising the step of requiring the project creator to make a publication pledge to an existing project prior to publishing the new project on the website.

12. The method of claim 11, wherein if the publication pledge does not meet a predetermined minimum, further providing the project creator the option to increase the pledge or make an additional pledge.

13. The method of claim 9, further comprising paying out a project creator of the existing project if a funding goal has been met, and returning the pledge to the pledger if the funding goal is not met by a predetermined deadline.

14. The method of claim 9, further comprising providing the option of receiving the pledge in the form of money or an offer for sale to fund the existing project, wherein any proceeds from the offer for sale is donated to the existing project.

15. A system for funding projects, comprising a server connected to a network, the server comprising:

a. at least one processor;

b. a database for storing project information; and

c. a memory operatively coupled to the processor, the memory storing program instructions that when executed by the processor, causes the processor to;

i. receive payment to make a donation to an existing project,

ii. receive a pledge from a pledger for the existing project, or

iii. receive a payment to pay a fee.

16. The system of claim 15, wherein the fee is paid by a project creator to create a new project to be published on the website.

17. The system of claim 16, wherein the system requires the project creator to make a publication pledge to an existing project prior to publishing the new project on the website.

18. The system of claim 17, wherein if the publication pledge does not meet a predetermined minimum, further providing the project creator the option to increase the pledge or make an additional pledge.

19. The system of claim 16, further comprising paying out a project creator of the existing project if a funding goal has been met, and returning the pledge to the pledger if the funding goal is not met by a predetermined deadline.

20. The system of claim 15, further comprising providing the option of receiving the pledge in the form of money or an offer for sale to fund the existing project, wherein any proceeds from the offer for sale is donated to the existing project.