Many individuals are coming out with new ideas for startups. Some of them are already working for world famous business organizations and some newly graduated students. All of them face a common issue and that is arranging funds. Sometimes people leave the hope of starting their own business because of the lack of funds. They need a platform where they can endorse their business idea. LabStart can be that platform which is a blockchain based platform.
How does LabStart work?
LabStart is designed and introduced to reinvent the way innovative ideas are funded. The developing firm believes that every entrepreneur does not get an opportunity of working on his dream project. LabStart will help the investors in finding innovative ideas on this platform and investing directly in it. The only thing investors will need to make an investment is the LabCoin. It will work as the native currency on this platform. The LabCoin will offer a decentralized and secure way of investing in new startups. There is no need to say that the investment process would be much easier than the traditional investment process.
Resolving the issues exist in the current investment process:
It is no surprise that there are so many issues in the way new business ideas are funded today. The innovators do not get enough to fuel their business. In addition, it becomes quite difficult to gain the funds from the investors. The last issue is the lack of safe platforms where the investors can trust the platform operators for making a transaction. In simple words, there is a long gap between the investors and innovators. This gap needs to be filled in order to encourage new entrepreneurs and help them in introducing their business ideas to the world. The LabStart is designed to create a bridge through which the investors can directly invest in the chosen projects.
How LabStart will achieve its goal?
In order to provide what LabStart is promising, the developers will use the Blockchain technology and Smart Contracts. The state-of-the-art technology will be used in order to offer an accessible, distributed, and controlled investment environment. The day innovators will finish their research and development work, the investors will gain control of certain share of the intellectual property. The share will be assessed by calculating how much fund the investor has offered. It is a straightforward approach and LabStart is going to make it possible.
The investor can participate in making the innovation a huge success:
Every investor wants to assure that his investment will generate the expected profit very soon. To ensure everything is fine, LabStart allows the investors to participate in the decision making process. The investors can have the rights of distributing the licenses, sale of patents, and many other things. Both parties will gain advantage from this platform and soon gain the desired success.
There are numerous innovators waiting for only one opportunity. They are looking for LabStart like platforms and they will not miss any opportunity of using it. Therefore, investing in this ICO would be a beneficial deal because the token prices will rise very fast.