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Archive | May, 2013

Get a Glimpse of Crowdfunding’s Power to Fund Public Access to the ARKYD Deep Space Telescope for Students, Scientists and Astronomers

30 May

Help Planetary Resources Fund an Immersive Educational Curriculum that Will Allow for More Access  by Students, Classrooms, Museums and Science Learning Centers

By Robert Hoskins

 Planetary Resources, Inc. launched a campaign to produce the world’s first crowdfunded deep space telescope to provide unprecedented public access to space and place the most advanced exploration technology into the hands of students, scientists and a new generation of citizen star gazers and astronomers.

Help Planetary Resources Fund  an Immersive Educational Curriculum that Will Allow for More Access for Students, Classrooms, Museums and Science Learning Centers

Help Planetary Resources Fund an Immersive Educational Curriculum that Will Allow for More Access for Students, Classrooms, Museums and Science Learning Centers

Planetary Resources’ technical team, who worked on every recent U.S. Mars lander and rover, will provide direct access to an ARKYD space telescope making space widely available for inspiration, exploration and research. “I’ve operated rovers and landers on Mars, and now I can share that incredible experience with everyone. People of any age and background will be able to point the telescope outward to investigate our Solar System, deep space, or join us in our study of near-Earth asteroids,” said Chris Lewicki , President and Chief Engineer, Planetary Resources, Inc.

Using Kickstarter, a platform for supporting innovative projects, Planetary Resources has set a campaign goal of US$1 million. The company will use the proceeds to launch the telescope, fund the creation of the public interface, cover the fulfillment costs for all of the products and services listed in the pledge levels, and fund the immersive educational curriculum for students everywhere. Any proceeds raised beyond the goal will allow for more access to classrooms, museums and science centers, and additional use by individual Kickstarter backers.

Peter H. Diamandis , M.D., Co-Founder and Co-Chairman of Planetary Resources, Inc. said, “When we launched Planetary Resources last year, we had an extraordinary response from the general public. Tens of thousands of people contacted us and wanted to be involved. We are using this Kickstarter campaign as a mechanism to engage the community in a productive way.” Diamandis added, “In the last 50 years, space exploration has been led by national governmental agencies with their own set of priorities; and now we’re changing the nature of exploration. We’re developing the most advanced space technology ever made available to the public.  Let’s explore the cosmos together!”

Eric Anderson , Co-Founder and Co-Chairman of Planetary Resources, Inc. said, “Since the public announcement of Planetary Resources last April, the company has doubled in size, brought on key strategic partners, was awarded numerous contracts and is on track for its primary mission of identifying and prospecting asteroids within this decade.”

Pledge Level Highlights:

  • Your Face in Space – the #SpaceSelfie  For US$25, the team will upload an image of the campaign backer’s choice to display on the ARKYD, snap a photo of it with the Earth in the background, and transmit it to the backer. This space ‘photo booth’ allows anyone to take (or gift) a unique Space Selfie image that connects a personal moment with the cosmos in an unprecedented, yet tangible way.
  • Explore the Cosmos: Higher pledge levels provide students, astronomers and researchers with access to the ARKYD main optic for detailed observations of the cosmos, galaxies, asteroids and our Solar System.
  • Support Education Worldwide: At the highest levels, pledgers can offer the K-12 school, science center, university, or any interested group of their choice access to the ARKYD for use in interactive educational programming to strengthen STEM education worldwide. The full pledge list and ARKYD technical specifications can be found here. 

Sara Seager , Ph.D., Professor of Physics and Planetary Science at the Massachusetts Institute of Technology said, “The ARKYD crowdfunding campaign is extraordinary. Not only does the telescope have the technical capability to increase our understanding of space, but it can be placed in orbit for an incredibly low cost. That is an economic breakthrough that will accelerate space-based research now and in the future.”

Planetary Resources is joined in this adventure by a large group of campaign supporters including the Museum of Flight, Griffith Observatory, Liberty Science Center, Museum of Science and Industry, Perot Museum of Nature and Science, Virgin Galactic and The Planetary Society. Bill Nye the Science Guy, CEO of The Planetary Society noted, “It’s a fantastic convergence of spacecraft technology and crowdfunding. Students everywhere can get involved – around the world and now above the world.”

The campaign will run for 33 days and end on June 30, 2013.  Detailed information regarding the campaign is available on the Kickstarter website.

Planetary Resources, Inc. was founded in 2009 by Eric Anderson and Dr. Peter H. Diamandis .  Our vision is to establish a new paradigm for resource utilization that will bring the Solar System within humanity’s economic sphere of influence.  The company will conduct low-cost robotic space exploration beginning with the Arkyd Series of space missions that will identify the most commercially viable near-Earth asteroids. These initial missions will assist the company in enabling the retrieval of raw materials from these select asteroids, including water, precious metals and more.

Planetary Resources is financed by industry-launching visionaries, three of whom include Google’s CEO Larry Page & Executive Chairman Eric Schmidt ; and Ross Perot, Jr. , Chairman of Hillwood and The Perot Group; who are committed to expanding the world’s resource base so humanity can continue to grow and prosper for centuries to come.  Some of the company’s partners and advisors include the Bechtel Corporation; film maker and explorer James Cameron ; former Chief of Staff, United States Air Force General T. Michael Moseley (Ret.); and Sara Seager , Ph.D., Professor of Planetary Science and Physics at MIT. Members of the company’s technical staff have worked on every recent U.S. Mars lander including Spirit, Opportunity and Curiosity, and include other key non-aerospace and safety-critical disciplines.

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Crowdfunding Industry Rolls Out the Red Carpet to Hollywood and Indies with First Crowdfunding Film Festival in California

29 May

Crowdfunding Film Festival Set to Roll Out the Red Carpet to Hollywood and Independent Filmmakers to Promote Revolutionary New Public Equity Crowdfunding Finance Tool

By Robert Hoskins

The First Annual International CrowdFunding Film Festival will be held October 2-6, 2013 in San Francisco. The film fest will bring together artists, filmmakers, entertainment and video game creators to showcase their craft, network and  raise money through the new crowdfunding finance tool. The film festival has plans to collaborate with film schools in New York, London and Paris.

Crowdfunding Film Festival Set to Roll Out the Red Carpet to Hollywood and Independent Filmmakers to Promote Revolutionary New Public Equity Finance Tool

Crowdfunding Film Festival Set to Roll Out the Red Carpet to Hollywood and Independent Filmmakers to Promote Revolutionary New Public Equity Crowdfunding Finance Tool

Film students from universities all around the country are increasingly looking to crowdfunding to find backing for their projects. With over countless films successfully funded through crowdfunding portals such as Kickstarter and IndieGoGo, Hollywood is now paying close attention to all this movement.

Director/Writer Rob Thomas has raised over $5.7 million for his movie “Veronica Mars” while Zach Braff’s feature “Wish I Was Here” has raised $2.6 million in donations. San Francisco State Student Sterling Cook keen on exploring crowdfunding of finance for production projects.

“I see in these directors, writers, and cinematographers, the same core passion for innovation. They are not only artists but more importantly, entrepreneurs – they are seeking to touch the world and make a difference through their films. We know of their struggle to find financial backing and I believe crowdfunding will be the answer,” stated the ICFFF’s organizer Sydney Armani.

A film production involves collaboration between dozens of creative groups and getting all the individual pieces to fit together is similar to managing a business. Crowdfunding is changing the production landscape and the movie industry is currently experiencing a real game changer

Ted Hope, advocate of America’s Independent Cinema Movement and Executive Director of the San Francisco Film Society, provides deeper insight into the current state of the film industry in his blog post “Why I Left New York for the San Francisco Film Festival.”

He said, “Our entertainment economy and the art it supports, was built upon the concepts of scarcity and control, but today’s reality is one of super-abundance and access – the exact opposite. To survive and flourish, today’s artists/entrepreneurs–and those who support them–must all embrace practices that extend beyond the core skills of development, production, and post-production of their art and reach beyond the attention and practice of marketing and distribution.” The meaning behind Hope’s words echoes the exact spirit and foundation that is the core of Silicon Valley’s passion for entrepreneurship and reflects the same spirit represented by the film festival.

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Start A Cure Donation-Based Crowdfunding Platform Launched to Streamline Cancer Research Donations

29 May

Upset at the Amount of Donations Actually Donated to Cancer Research, Start A Cure Lauches World’s First Crowdfunding Site Directed Entirely to Cancer Research Funding

By Robert Hoskins

Start A Cure is the world’s first patient focused research crowdfunding platform to be entirely directed at cancer. Start A Cure launched with a call to action to a small portion of our cancer researcher contacts to upload projects for funding beginning on June 1, 2013 for beta testing. Start A Cure is the crowdfunding for cancer research project created by the national patient advocacy nonprofit, Malecare, which is one of America’s largest men’s cancer support and advocacy national nonprofit corporations.

Upset at the Amount of Donations Actually Donated to Cancer Research, Start A Cure Lauches World's First Crowdfunding Site Directed Entirely to Research Funding

Upset at the Amount of Donations Actually Donated to Cancer Research, Start A Cure Lauches World’s First Crowdfunding Site Directed Entirely to Research Funding

Listening to its large cancer survivor community, Malecare learned about the large untapped pool of potential donors who want more control over where their money goes. Right or wrong, these potential donors are cynical about the way research projects are selected by government agencies and foundations for funding. They would rather choose specific projects to fund and have the opportunity to connect directly with the scientists guiding those projects. Many are also unhappy about the small percentage of donated dollars that researchers receive from government and charitable foundations. Malecare and its all-volunteer cancer survivor leadership decided to act. The emergence of crowdfunding websites, like Kickstarter and Indiegogo and pro bono finance sites such as Kiva provoked an opportunity to create a new kind of platform that both informs and empowers cancer patients and their family, friends and allies to directing their funding dollars towards research that can have meaning in their lives. Start A Cure instantly received support from the cancer researcher community. Dozens of cancer project managers from leading institutions and academic centers like Harvard, John’s Hopkins, UCLA and MD Anderson requested that their research be part of Start A Cure’s launch. By posting text and video of individual researchers and their current projects, Start A Cure raises both funds and awareness for cancer research. Donors search and browse through a menu of current research projects and choose to donate funds to projects that resonate in their own lives. By creating an efficient web based distribution system, Start A Cure is able to distribute 92% of funds raised directly to researchers, far more than any other cancer research funding scheme. Start A Cure also helps inspire students and provides hope to our cancer survivor community, by highlighting the people working night and day to develop better treatments and cures; helping us all live happier and longer lives. Projects include those that have already received foundation, government and other grants, along with projects seeking proof of concept funding. Start A Cure will quickly become the fundraising platform for all tumor types. Start A Cure is entirely complementary and supportive of the existing fundraising foundations and modalities and will only grow our cancer research capacities, worldwide.

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Jeff Pulver’s Zula Equity Crowdfunding Campaign Pushes Israel’s OurCrowd into the Worldwide Lead of Broker/Dealer Crowdfunding Deals

28 May

Israel-based OurCrowd overtakes Silicon Valley’s Lead in Worldwide Equity Crowdfunding Platforms

By Robert Hoskins

Israel’s hybrid VC-crowdfunding platform OurCrowd announced that it closed financing for Jeff Pulver’s latest startup, Zula, pushing its total raised for early stage companies above $12 million. This $12 million is in addition to the $5.5 million in funding OurCrowd raised for its own platform in February this year. Zula is OurCrowd’s 18th completed funding round.

Israel’s OurCrowd Takes Lead in Equity Crowdfunding

Israel’s OurCrowd Takes Worldwide Lead in Equity Crowdfunding overcoming Silicon Valley

OurCrowd CEO Jon Medved says “Passing this funding milestone makes OurCrowd this year’s fastest-growing vehicle for angels and accredited investors to find and back early stage companies online. From our roots in Israel we have actually taken the global lead in funds raised.”

Zula co-founder Jeff Pulver said, “I am excited about the value that OurCrowd brings to early stage investors who invest in startup companies. Not only did we raise our seed round online in less than a week, but we had people from all over the world invest in Zula thanks to this platform.” Zula provides an innovative cloud-based mobile collaboration platform for teams. It is lead by Jacob Ner-David, who co-founded DeltaThree, and Pulver, who is a well-known early investor in Twitter and FourSquare.

“While initially focusing on the Israeli early stage ecosystem, OurCrowd has now brought together investors and companies from around the world,” explained Medved. “The fact that this year we have raised more money for our companies than our Silicon Valley competitors is a vote of confidence that the Start-up Nation is indeed a global innovation leader.”

OurCrowd identifies companies seeking early stage investment and brings the best of these opportunities online, where only accredited investors may participate in specific venture capital funding rounds. This extensive and active global network of investors and mentors has allowed OurCrowd to also provide critical support to its startups. In order to increase involvement in the platform, OurCrowd has recently completed a series of face to face meetings around the world with thousands participating in meetings held in Israel, South Africa, UK, Norway, and multiple US cities such as Boston, Chicago, Palo Alto in Silicon Valley, Seattle, San Diego and Los Angeles.

OurCrowd is a hybrid VC-crowdfunding platform for accredited investors only who wish to invest in Israeli and global early stage companies. Managed by a team of well-known investment professionals and led by serial entrepreneur Jon Medved, OurCrowd selects opportunities, invests its own capital and brings these startups to its accredited membership. Members choose those deals they invest in via OurCrowd-managed partnerships. OurCrowd investors must meet stringent accreditation criteria and invest a minimum of $10,000 per deal. OurCrowd provides post investment support to its portfolio companies, assigning industry experts as mentors and taking board seats.

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Crowdfunding Conference Planned for Berkeley in Northern California, June 9th

27 May

By Robert Hoskins

Last year crowdfunding platforms raised $2.7 billion and successfully funded more than 1 million campaigns, according to California-based research company Massolution. Business executives that want to learn about this crowdfunding phenomenon and to meet leading industry insiders should register to attend the  CrowdFunding California Conference which will be held in Berkeley on June 9th.

California Crowdfunding Conference in Berkeley, CA on June 9, 2013

California Crowdfunding Conference in Berkeley, CA on June 9, 2013

The Crowdfunding West Conference is presenting an unprecedented lineup of experts from crowdfunding platforms, legal firms, investment community and entrepreneurs who have risen (combined) almost $2,000,000 for their projects through crowdfunding.

The morning session will consist of discussions about rewards-based crowdfunding. Special panel is devoted to community programs. The afternoon session will help the entrepreneurs better understand their fundraising options, including equity crowdfunding, peer-2-peer lending, angel investments and rewards based crowdfunding. Opponents of crowdfunding movement will have a chance to present their position at the debate moderated by David Drake, well known New York investment expert and speaker.

Among the speakers are the representatives of the global leader in microcredits, Kiva, crowdfunding platforms WhenYouWish and Realty Mogul from Los Angeles, Upstart from Palo Alto, “Investment bank for startups” MicroVentures, Colorado-based portal Community Funded and CrowdIt from Missouri, world’s largest network for entrepreneurs EFactor, fundraising platform for kids PiggyBackr, investment consulting companies North Capital, Inc. and Cutting Edge Capital, payment services platform BancBox, SaaS portal VentureDocs, well known lawyer and blogger Antone Johnson, CEO of uBiome,  Jessica Richman, the creator of the fifth most successful campaign on Indiegogo Sonny Vu and the founders of  Mothership HackerMoms community from Oakland.

Crowdfunding California Conference is created by Crowdfund Productions, the organizer of investment and crowdfunding events in the USA. Other 2013 conferences will be held in Boston, MA, Charlotte, NC, Seattle, WA and Chicago, IL. On January 6th – 7th, 2014 Crowdfund Productions will be hosting Global Aspen Investment Forum in Aspen, CO.

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U.S. House of Representatives Passes Congressman Patrick McHenry JOBS Act (Crowdfunding) Enforcement Bill

22 May

By Robert Hoskins

A bipartisan majority of the House of Representatives yesterday voted 416-6 in favor of passing a bill proposed by Congressman Patrick McHenry (NC-10) to enforce a deadline on JOBS Act legislation signed into law last year.

U.S. House of Representatives Passes Congressman Patric McHenry #JOBS Act (#Crowdfunding) Enforcement Bill

U.S. House of Representatives Passes Congressman Patrick McHenry #JOBS Act (#Crowdfunding) Enforcement Bill

“To cultivate a stronger economy, we have to build a more vibrant marketplace for our startups and entrepreneurs, which is what this legislation is all about,” said Congressman McHenry.   “It’s critical that the SEC finally start to implement the JOBS Act – a bipartisan bill that was signed into law more than a year ago.  Small businesses and entrepreneurs are starving for capital, and this legislation simply sets a firm deadline for the SEC to get its job done.”

Specifically, H.R. 701 requires the SEC to implement Title IV of the JOBS Act by October 31. Title IV requires the SEC to adopt or amend regulations that encourage capital formation for small businesses through a currently under-used provision of securities law known as Regulation A.

The House originally passed Title IV of the JOBS Act to help small businesses with wide bipartisan support, 421-1.

Wowcher Selects BankToTheFuture.com as Equity Crowdfunding platform for Fabfob fundraising campaign

19 May

By Robert Hoskins

BankToTheFuture.com, an equity crowdfunding platform that allows people to invest in start-ups and mature businesses, is providing an investment platform for Fabfob, the latest venture by Wowcher founder, Nick Brummitt, who has chosen crowdfunding over traditional venture capital funding.

BanktotheFuture.com Equity Crowdfunding Platform

If the government was serious about helping SMEs, it would pump cash into companies like BankToFuture.com. BankToFuture.com is a job creating machine

Fabfob is designed to tag valuables such as keys, mobile phones, laptops, cameras, iPods and passports. If these items are lost – and subsequently found – Fabfob gets them back to their rightful owner quickly and safely.

Since the pitch went live, it has already raised over £40k. BankToTheFuture.com provides funding through the collective effort of individuals who network and pool their money to support the efforts of entrepreneurial people and organizations.

Simon Dixon, CEO of BankToTheFuture.com, says, “Working with high profile entrepreneurs like the founder of Wowcher, is great news for us. We aim to make crowdfinance less alternative and more a first choice for investors seeking credible businesses and credible businesses seeking finance. It is very exciting that now anybody can invest in such an entrepreneur starting from as little as £50, everybody is now a dragon.”

Brummitt recalls numerous problems while raising finance from banks for Wowcher, the UK’s first daily deal site. He said, “It soon became apparent that banks don’t provide support to those who require it. When I read about Simon Dixon and BankToTheFuture.com about a year ago, I began to follow them with interest. I am impressed with Simon’s vision, truthfulness and experience as an investment banker.

“I did not want to be in the same position as I was with Wowcher, where I create a great product with global appeal only to find I am strangled for cash. Banks are no longer an option. They are just a waste of time and a distraction.”

Seeing the potential of Fabfob, BankToTheFuture.com helped Brummitt develop his skills through The Incubator Course which helps delegates write a business plan, prepare financial forecasts and create a slide show and promotional video. This allowed him to develop a strong pitch for investors.

“Simon is an inspirational character with real vision,” says Brummitt. “He says it how it is, how it has been and how it will be in the future. He showed us an alternative to banks and gave us the confidence to go out there and try it.

“The Incubator Course gave me new skills. It was tough, some didn’t make it through and some realised that they were not quite ready to seek investment, but we all learnt a huge amount. I cannot recommend the course highly enough. It should be on the school curriculum for all business-related courses.”

Brummitt strongly believes that BankToFuture.com will be an answer to the issue of funding. “If the government was serious about helping SMEs, it would pump cash into companies like BankToFuture.com. BankToFuture.com is a job creating machine,” he says.

With the funding raised through BankToFuture.com, Brummitt is confident that he will reach his funding target quickly and get his product to a global market.

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Kickback Machine: The World’s Best Tool for Researching Kickstarter Crowdfunding Platform Campaign Successes vs. Failures

19 May

Planning a Crowdfunding Campaign? Use the Kickback Machine to Research Prior Kickstarter Crowdfunding Campaigns First!

By Robert Hoskins

Thinking about launching a Crowdfunding campaign? Wouldn’t it be nice to find a tool that allows you to research past  KickStarter Crowdfunding campaigns to see which ones were successful and those that failed?

The Kickback Machine Crowdfunding Campaign Research Tool

The Kickback Machine Crowdfunding Campaign Research Tool

A new Crowdfunding research tool called the Kickback Machine now allows researchers to search by keyword and various business categories to find and research past Crowdfunding campaigns to find out what works in the Crowdfunding business and what does not.

This tool allows both investors and future Crowdfunding campaign managers to analyze a wide variety of Crowdfunding variables such as Crowdfunding profiles, pitch videos,  fundraising goal, perks and rewards offered, campaign length, marketing strategies, successful PR campaigns and the publicity they generated.

Before Crowdfunding campaign managers launch their Kickstarter campaign, it’s important to research past projects, so they can understand what works and what doesn’t.

For example, Kickstarter’s website does a good job of helping you find past successes, but it is very difficult to find past projects that failed to meet their funding goal.  The KickBack Machine allows fundraising campaign managers to browse past successes and failures to help you better plan your own campaign.

Here are a few of the sorts of things you can find with the KickBack Machine that you can’t easily find at Kickstarter.com:

Want to give it a try? Click on the Crowdfunding categories below to research what have been done in the past.

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I-Banker Direct Augments Deal Flow for Accredited Investors Seeking Crowdfunding Investment Opportunities

18 May

I-Bankers Direct Launches US-Based Dealer/Broker Equity Crowdfunding Platform

By Robert Hoskins

I-Bankers Direct announced the launch of a web-based crowdfunding platform designed to transform the process of investing in private and public growth-stage companies. The platform, www.ibankersdirect.com, allows individuals to invest as little as $5,000 directly in selected small-cap growth businesses, pairing accredited investors with a growing list of emerging companies with investment capital needs.

“What they lacked is access to a reliable source of deals. We also know from experience how challenging it can be for small, growing businesses to raise capital. I-Bankers Direct was created to address these needs.”

“What they lacked is access to a reliable source of deals. We also know from experience how challenging it can be for small, growing businesses to raise capital. I-Bankers Direct was created to address these needs.”

With 24/7 online access to offering documents, management conference calls, company slide decks, video presentations and other decision-making support, individual investors now have the ability to evaluate and invest in promising business opportunities, based on their own schedule and from any Internet-connected device.

“It was clear to us that there are many high-net-worth individual investors in the marketplace who have both the ability and the desire to invest in small, dynamic companies,” said I-Bankers Direct President John Kallassy. “What they lacked is access to a reliable source of deals. We also know from experience how challenging it can be for small, growing businesses to raise capital. I-Bankers Direct was created to address these needs.”

I-Bankers Direct has set itself apart from other entrants in the crowdfunding field by focusing on transactions which appeal both to individual and institutional investors at the same time, thus transforming the capital-raising landscape for early-stage businesses. To that end, I-Bankers Direct has assembled an experienced team of investment professionals*, software innovators and ecommerce experts committed to transforming the capital-raising landscape for growth-stage businesses.

CEO Mike McCrory explains, “We’ve harnessed the power of the Internet—and leveraged the experience our team has gained helping companies access billions of dollars in capital over the past eighteen years. Our platform, recently capitalized with $1.5 million of institutional and private investment, provides accredited individual investors, angel investors, venture capitalists and private equity investors with 24/7 access to investments previously unavailable to them. It’s a win for everyone.”

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New Equity Crowdfunding Portal VentureHealth Launches to Provide Life Science Crowdfunding Investment Opportunities for Accredited Investors in United States

18 May

Individual Accredited Investors Can Now Tap into Previously Inaccessible Life Sciences Deals through Crowdfunded Investments

By Robert Hoskins

VentureHealth announced a new equity crowdfunding portal for accredited investors seeking crowdfunded healthcare investments.  Focused on innovations that dramatically improve clinical outcomes, VentureHealth is one of the first equity crowdfunding portal founded by professional investors.  The investment platform offers qualified investors access to life sciences deals that traditionally were reserved for venture capitalists.

VentureHealth for Life Science Crowdfunding for Accredited Investors

VentureHealth for Life Science Crowdfunding for Accredited Investors

VentureHealth is led by a seasoned team with extensive success in the healthcare industry.  Mir Imran, Co-Founder and Managing Director, is a prolific medical innovator who has founded more than 20 life sciences companies and holds more than 200 patents.  Mir is also the founder of InCube Labs, a multi-disciplinary research lab that develops breakthrough medical technologies, and InCube Ventures, a life sciences venture fund.  Andrew Farquharson, Co-Founder and Managing Director of VentureHealth, is an investor and entrepreneur with two decades of experience building, restructuring and acquiring companies in life sciences.  A Harvard MBA, Andrew is also a founding member of InCube Ventures and an advisor to InCube Labs.  Talat Imran, the third Co-Founder and Managing Director, is an accomplished entrepreneur in the world of digital media.

“Venture capital for early stage life sciences companies has dried up in the last few years, and promising companies are always looking for investors.  VentureHealth has the potential to change how healthcare innovations are funded, which is a win for both entrepreneurs and investors,” said Mir Imran , Managing Director.

“We founded VentureHealth so that physicians and other accredited investors can invest in the most compelling biomedical innovations,” said Andrew Farquharson , Managing Director. “This model gives individuals access to high-quality deals, investing on terms offered to professional VCs.  It’s a paradigm shift and, if we’re successful, this could change the landscape for biomedical financing.”

VentureHealth is also announcing today that it raised $875,000 as part of a Series B round for Channel Medsystems, a start-up developing next generation cryoablation technologies.

“We love this new approach,” said Dan Burnett , Founder of Channel Medsystems. “VentureHealth is very attractive for companies like ours because it creates new financing options, and makes the whole funding ecosystem less VC dependent. That is a very big deal to entrepreneurs.”

In launching the online portal, VentureHealth is able to expand the community of investors while offering a limited number of carefully selected investment opportunities at any given time.

Astro Teller serial entrepreneur and scientist who oversees Google [x]Google’s audacious ideas lab and “moonshot factory,” is not affiliated with VentureHealth but sees the potential of the model.  “Democratizing access to private markets is a powerful concept, and VentureHealth gets us a step closer to this vision.  It’s opening doors for individual investors, giving them access to deals they wouldn’t be able to participate in otherwise.  Even more interesting, it’s giving these investors a forum to interact and engage with the community.  There’s no doubt that 100 qualified people evaluating a deal make a better decision than one individual investor.”

Registered potential investors can log into www.venturehealth.com to see the most current offerings and to sign up to receive notifications when new investments become available. Those seeking life science investment opportunities must understand the risks associated with equity investments and are encouraged to consider investment diversification.

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