Crowd-funding is at its nascent stage in India but the concept of crowd-funding is very simple – where a person who is working on an innovative idea/his music launch/movie preparation, etc is looking for some funds, resources, etc and reaches out to his friends and families to support his cause. Online Crowd-funding as the name suggests gives you a enhanced platform to seek support worldwide from everyone who believes in your idea.
The client hails from a leading Venture Capitalist forum and has gained substantial experience into funding startup ideas. This Online Crowd-funding platform has been built from scratch where an Idea owner has its own space to create his project which can be verified by the platform’s administrators and then made open on the platform for people (worldwide crowd) to fund. The funding can range from monetary funds to resource help as per the requirement of the Idea Owner. In return the Idea Owner has to set certain rewards for the supporters of his cause which is given to the supporter based upon their support.
The Organization faced an immense issue in tracking the raw materials and could not account for proper utilization of the raw material. Further, due to manual maintenance of the job card, the system was highly prone to errors and extremely time consuming for the management staff to estimate the wages of the workers. It became more tedious where the Organization has to deal with huge quantity of contractual workers.
We have built a complete web based solution where an Idea Owner can create his profile, submit his idea in a well defined & step wise application system. The idea and the requisite information is received at the backend where it is verified by the team of administrators & underwriters available from the platform owner’s side. If the idea so submitted is found upto the mark, the idea owner is notified via SMS & E-Mail and his idea is published on the online platform and made open to public for funding.
Complete detail of each & every activity on that idea is notified to the Idea Owner and the Administrator.
A robust platform was built to allow the stakeholders (Idea Owner, Supporter & the Administrator) to collaborate and promote innovation, support causes and spread communal harmony. Strong system has been delivered where the idea owner gained a power to put his complete details at one place, share the same at the leading social media channels, spread the word within the already existing members of the platform thereby increasing the chance of getting his requirement fulfilled as early as possible. The platform has given several young startups millions within a short span as small as 7 to 10 days. The platform handles huge transactions from across the globe 24×7 with seamless notifications and analytically built reports.