TechMoola.com is an online platform for startup companies to do project fundraising in the technology space. TechMoola enables inventors/entrepreneurs to raise project funding and build a support/partnership/customer base through an online forum. Crowdfunding works through a broad network of people (mostly through social media) who contribute a pool of money to support efforts of other people or companies with no equity stake or payback necessary. To date, the record for crowdfunding for a single project is $2 million. Many more have averaged $200,000 to $400,000 per project.
Unlike Kickstarter and other sites which feature “technology” but actually host design projects/products that mainly are additions/accessories to existing Apple products, we focus exclusively on novel, innovative, homegrown, American technologies
So if you are an inventor and have developed a tool or methods that currently needs funding to get off the ground, then we are for you.
WebTech, Apps, Computer Software/Hardware, Energy, Communications, Consumer Electronics, Medical Technology and Sports/Games.
Our company was founded by scientists and social entrepreneurs and we feel crowdfunding is the future in empowering small businesses and new inventors to bring innovation back to our country and economy. Traditional funding mechanisms like venture capitalists and angel investors have become increasingly burdensome and demanding and that is serving to stifle the pipeline of innovation that we increasingly need to bring solutions to our most pressing problems.
Our main goal is to empower people with ideas, reward risk-takers and make society better by giving people a chance to materialize their dreams through the power of crowds.
There are many inventors and technology entrepreneurs with great ideas and products that can transform society and bring a fresh breath of innovation to the devices and tools we rely on every day to have easier, more convenient, productive and efficient lives. Most startup companies “boot-strap” the initial phase of development using personal funds and after reaching a more mature stage, experience the “valley of death” where there is as serious funding gap between what is available and what is needed to bring technology to market.
Since our launch in November of 2011, TechMoola.com has been featured in national and international press and has received nearly 600 project submissions from around the world. The current acceptance rate of a technology campaign is less than 3%.