Crowdfunding describes the collective cooperation, attention and trust by people who network and pool their money together. It is usually via the Internet in order to support efforts initiated by other people or organizations. This platform is proving invaluable for inventors and start-ups.

WhenYouWish.com is holding the 2012 Entrepreneur Contest which started at the beginning of the June. Anyone can enter their invention idea until September. The judges consist of Angel Investors, Mentors, and Thought Leaders who will determine the top inventions/ideas and award $25,000 of funding.

All 25 inventors will be able to showcase their ideas and inventions to top investors, venture capitalists and angel investors as well as potential partners, investors, customers and buyers.

Raising money is becoming easier and easier online with crowdfunding. If you or anyone you know has an invention idea they need help with, please contact us at New Product Consulting.

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