Crowdfunding Website for Start-Ups

Detailed Plan

What is The Innovatio Founder?

The Innovatio Founder aimed to be a P2P crowdfunding marketplace with multiple funding modalities that uses the Cardano blockchain to deploy smart contracts and meta-data facilitating the funding of diverse start-ups and DApps in a secure, transparent and efficient ecosystem.

This marketplace is focused on technology, innovation, video games, and design categories. The first crowdfunding model available will be the rewards category, where the investor receives the product or service in the future.

The Innovatio Founder would be a private company, which will comply with EU rules and regulations allowing it to offer this service throughout all the EU, enabling the mass adoption of blockchain technology in the European market.

What is Innovatio's vision for the next 5 years?

In the crowdfunding market, investors can be from anywhere in the world, but not the projects that start their crowdfunding campaign, so Innovatio will start operating in the European Union.

While Innovatio is accentuating itself as a crowdfunding platform in the European Union and growing the brand name and community, the intention is to expand licensing in the United States, Canada, United Kingdom and APAC.

As mentioned before, the first funding category is rewards-based, where the project must give a reward in return (product/service/membership/tokens, etc).

Innovatio intends to add different modalities in the future such as equity and debt, this requires another type of license and another type of Smart Contract templates, so the vision is to implement equity in the next 2 years and debt in the next 3 years.

Innovatio's vision for the next 5 years is to be able to operate globally, not including China, allowing projects to start their crowdfunding campaigns under different modalities (Reward/Equity and Debt).

How does it work?

The Innovatio Founder is a Crowdfunding platform that allows fundraising campaigns under different crowdfunding modalities, allowing legal entities and DApps to raise funds in cryptocurrencies and fiat currencies.

The projects that want to start their Crowdfunding campaign must provide sufficient information to represent the project in a smart contract and a legal document that ensures the investor. In this way, subsequent investors will be clear about the responsibilities and commitments of the campaign.

Implementing the GameChanger Wallet we can facilitate the adoption of the blockchain by the general public, facilitating investments with fiat and cryptocurrency and representing the transactions on the blockchain with meta-data, allowing a transparent and secure tracking of the funds.

When a project reaches its fundraising goal, it will start to use the funds raised progressively, fulfilling the milestones previously defined in the legal contract in an audit process between the project and the investors, ensuring the correct use of the funds.

If a project does not meet a milestone or the funding goal is not achieved, a re-funding to investors will occur in whole or partially.

What is the Innovatio community?

The Innovatio community is a private initiative that seeks to bring together entrepreneurs and developers from many areas who are interested in using, developing, and implementing blockchain technology in business models, contributing to the adoption of the technology and its visibility.

The Innovatio community also helps new members outside the blockchain world to get to know the other Catalyst communities, where they can turn to learn or talk about other topics (Governance, Technical Solutions, Workshops, etc.).

As the community grows, it will migrate to a new website, where the networking and content generated will be easier to consume and share.

This community is public and the proposals below are to increase the marketing and content developed for it.

We recommend reading these different proposals that revolve around the community:

Proposer outreach: <https://cardano.ideascale.com/a/dtd/Crowdfunding-Website-for-Proposals/352260-48088>

Multilingual Resources: <https://cardano.ideascale.com/a/dtd/Educational-Content-in-a-Single-Web/367666-48088>

DLT Entrepreneurship Toolbox: <https://cardano.ideascale.com/a/dtd/Entrepreneur-Community-Mentoring/369325-48088>

General Project Catalyst ecosystem issues.

1. Fewer than 12% of proposals presented are funded in each funding round for the limitation of treasury funds.

2. Project Catalyst is not likely to attract mainstream or even cryptocurrency investors.

3. Community focused on educational, technological, and governance development, but with little focus on mass-market adoption and business value.

4. The channels and means to identify co-founders, team members, and users is very limited, hindering the mutual collaboration potential of the community.

5. The community has little reach to people in another ecosystem or outside of the blockchain world.

How will The Innovatio Founder benefit the Catalyst ecosystem?

1) The size of the crowdfunding market is 50 billion per year, which would allow you to raise a co-incredible amount of funds, in addition to being able to present your project to fiat investors.

2) The possibility of contributing large amounts of money and transfers to the Cardano ecosystem, thanks to its continuous SWAP of tokens.

3) Financial company pioneer in adopting Cardano technology to implementing investments with crypto and fiat currencies, and securing marketplace investors with smart contracts and meta-data.

How will The Innovatio Founder help Entrepreneurs and Developers?

1. Innovatio's brand comes with its public community, which will allow hundreds of developers and entrepreneurs to interact with each other, bringing great creativity and business value to Catalyst.

2. Entrepreneurs and developers who have a project in more advanced stages can focus solely on the business model to raise massive funds.

3. Developers will mainly be able to use and have an official GameChanger Wallet support, as we have a mutual collaboration agreement.

What will the funds from this proposal be used?

If the proposal is successful in obtaining the requested funds, it will be used to develop a functional MVP within the next 3 months.

¿What does this MVP consist of?

1) User experience on the web for companies and buyers (Profile creation and customization, visualization of crowdfunding campaigns, and pre-draft to start a campaign).

2) Simple and practical creation of an external wallet and connection to the user's account with GameChanger.

3) Smart Contract template with the functionality of raise funds in various cryptocurrencies.

4) Implementation of the audit system for the release of funds raised through milestones.

Future implementations:

🔔 Raise funds in fiat currency via debit/credit card.

🔔 Representation of start-ups and investors in the real world (Data-base) and on the blockchain (Digital IDs) with meta-data.

🔔 Legal contract with commitments and responsibilities of the start-ups crowdfunding campaigns stored in the blockchain through meta-data.

Milestones and Roadmap

✔️ Legal issues in the implementation of blockchain in the fiat/crypto market.

✔️ Architectural solution for the implementation of payment in cryptocurrencies and fiat currencies

✔️ Architectural solution for the use of smart contracts and meta-data in the crowdfunding marketplace

✔️ Development of the project's financial and self-sustainability plan.

✔️ Development of a minimalist mock-up of the entire website and publication of the project's website.

✔️ Development of a community focused on entrepreneurs and developers where mutual collaboration and the emergence of new projects are encouraged.

✔️ Development of the architecture and server in Amazon AWS for the deployment of the web and Discord bots.

✔️ Discord Community with more than 300 verified members.

🔔 Final Landing Page Design for MVP Test Registration (coming soon)

🔔 Registered a company in Estonia. (E-Residency) (Immediately if we get the funds)

🔔 Launch of the MVP (3 months after funding)

🔔 Payment of fees for licenses required to operate in the European Union (AFS) (TBA)

🔔 Launch of the MCP (improvements at the design and navigation of each user, implementation of the Smart Contracts for the Re-Fund process and real-time conversion of the funds, last retouching before the final version) (TBA)

🔔 Audit of Smart Contracts for legal use within the platform. (TBA)

🔔 Launch of the final platform to market. (TBA)

KPIs

1. MVP Users Registration.

2. Projects that have achieved their first funding on Catalyst and have reached their funding goal through a crowdfunding campaign.

3. The number of DApps using Innovatio's marketplace to start their crowdfunding campaigns to raise funds.

4. Verified members of Innovatio's Community.

Breakdown Budget

Currently, Innovatio is developing little by little, thanks to the efforts of 10 people who voluntarily and in their free time can contribute a grain of sand.

For the full development of the MVP we will need to allocate resources in:

CTO and CEO Salaries: 7.200$/mo x3 months: $21.600

4 Full Stack Developer: 12.000$/mo x3 months: $36.000

2 Back-end Engineer and DevOps: 3.000$/mo x3 months: $18.000

2 Graphic Designer: 5.200$/mo x3 months: $15.600

1 Community Management: 2.600$/mo x3 months: $7.800

Innovatio community activities and marketing campaigns: $20.700

Company registration in Estonia: 300$

We recommend that you read this other proposal for understand the technical slide of this project.

Metadata challenge: https://cardano.ideascale.com/a/dtd/Easy-Use-and-Wallet-Implementation/369529-48088

Registration to the MVP beta-testing is available on our website, you can entry and register! - www.innovatiofounder.com

Spanish Interview:

<https://www.youtube.com/watch?v=UX-eHOf0Jsc>

English Interviews:

https://www.youtube.com/watch?v=Aw9Og4Gu20M&

Social Networks

Twitter: <https://twitter.com/InnovatioGroup>

Facebook: <https://www.facebook.com/InnovatioFounder>

Instagram: <https://www.instagram.com/innovatiofounder>

Discord: <https://discord.gg/tcrdaytKDg>

Spanish Telegram Group: <https://t.me/innovatiofinderesp>

English Telegram Group: <https://t.me/innovatiofindereng>

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