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SirenGPS Launches Indiegogo Crowdfunding Campaign to Enable Emergency First Responders to Arrive Faster

8 Apr

By Robert Hoskins

SirenGPS, a start-up software company looking to revolutionize emergency communication and response, will raise development funds of$150,000 in 28 days on the increasingly popular crowdfunding site Indiegogo.com. Siren’s “crowdfunding campaign” can be found at http://igg.me/at/FundSiren/x/1907888

SirenGPS: Emergency Communication Software

SirenGPS: Emergency Communication Software

Paul Rauner, institutional insurance industry expert and SirenGPS founder, started the company because he identified gaps in existing community emergency response systems that today’s advanced digital technologies can solve. Simply put: Using SirenGPS, first responders can get to the scene of a crisis faster. “The goal of what we’re doing is to take advantage of today’s smartphone technology to get help there faster,” Rauner says. “That will save lives.”

Highlights:

  • SirenGPS Taps Fund-Raising Innovator Indiegogo For 28-Day Quest to Raise Funds
  • Technologically Cutting Edge School and Community Safety Application Currently Being Field-Tested by Nationally Recognized Emergency Management Experts
  • Location Information Instantly Shared to First Responders When You Dial or text 911 From a Smartphone
  • Instantly Notify Emergency Contacts When the Unthinkable Occurs

Rauner’s patent pending software is designed to help schools, hospitals and communities improve response times by connecting smartphones to emergency services. “Smartphones pick up your location so accurately that we use them as our primary navigation devices,” Rauner notes. “But as of today, emergency dispatch does not have your exact location when you call 911.”

Using over $500,000 in initial investments, Siren has undertaken several rounds of prototyping, testing, and feedback from law enforcement and safety experts. As a result, Siren is now prepared to complete a final stage of development on two products: Siren Emergency and Siren Safety Circle.

Siren Emergency is a web based emergency management platform that connects first responders, tracks first responder resources and enables comprehensive community communication.

Siren’s second product, Siren Safety Circle, connects friends and family, allowing them to stay connected in an emergency using group text, push to talk, location sharing and letting each other know when they call or text 911.

Indiegogo is the world’s largest self-serve open-funding platform offering rewards in exchange for contributions. For as little as$25 you can contribute to making schools safer and receive Safety Circle at a reduced, pre-sale price. For a more significant contribution you can make a school safer with a subscription to Siren Emergency.

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Small Business & Entrepreneurship Council Laments the SEC’s Blockade of Crowdfunding Capital Access Opportunities

8 Apr

By Robert Hoskins

A leading organization that represents entrepreneurs and small business owners expressed frustration with the dawdling pace of Jumpstart Our Business Start Up Act  (JOBS Act) implementation by the Securities and Exchange Commission (SEC).  The JOBS Act was signed by President Barack Obama one year ago today.  The SEC has not issued one rule to implement this important law that will improve capital access for entrepreneurs. Small Business & Entrepreneurship Council (SBE Council) President & CEO Karen Kerrigan , who was at the bill signing ceremony and whose group helped to spark the legislation and lead it to passage, said the SEC’s performance in missing key deadlines is inexcusable.

Small Business & Entrrepreneurship Council Laments SEC's Blockade to Crowdfunding Capital Access

Small Business & Entrrepreneurship Council Laments SEC’s Blockade to Crowdfunding Capital Access

“The SEC is undermining this important capital formation initiative that was supported by an overwhelming majority in Congress. Entrepreneurs and high-potential businesses that can bring our nation back to robust levels of job creation and growth are being undermined. There really is no excuse for the SEC’s lack of progress,” said Kerrigan.

Among other changes to outdated securities laws, the JOBS Act makes debt and equity-based crowdfunding legal.  In late February, SBE Council led a daylong series of briefings in Washington to update White House officials, Capitol Hill staff and the SEC on the state of the industry and the investor protections that have been built out within this transparent marketplace for accessing capital.  Crowdfunding experts and entrepreneurs also made it clear that access to capital remains a critical issue for small business owners.

“While lending standards have eased some, according to the latest Fed senior loan officer survey, getting credit remains a difficult task for small businesses. For good measure, it’s worth noting that venture capital investment took a notable dip in 2012. Access to financing remains the biggest hurdle for most entrepreneurs, which makes crowdfunding a critical option in the marketplace,” noted SBE Council Chief Economist Raymond Keating .

At her U.S. Senate nomination hearings for SEC Chair last month, Mary Jo White pledged to make JOBS Act implementation a priority once she steps into her new role.  The Senate Banking Committee overwhelmingly approved her nomination, and the full Senate is expected to vote following their return next week.

“We hope Mary Jo White will move quickly to dislodge the proposed rules. After all, these are still proposals open to public comment.  Our international competitors are going with our ideas in the crowdfunding space and are now moving ahead of us,” said Kerrigan.

She noted that Italy passed a bill in the fall of 2012, and has already issued it first rulemakings this week.  The UK approved a crowdfunding platform, and debt-based crowdfunding is up and running as well.

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