SYSTEMS AND METHODS FOR LOCATING FUNDING OPPORTUNITIES
The Problem
Searching for ways to fund a business can be challenging and extremely time consuming. Entrepreneurs currently experience difficulty in locating funding opportunities in order reach their business and financial goals. Information is either not public or accessible, or where it is available, it is segregated or disaggregated and difficult to find. Moreover, once funding information is located, it is difficult for entrepreneurs to assess the validity, reliability, and applicability of the gleaned information relative to their business and financial goals.
The Solution
Therefore, what is needed is a dynamic and reliable solution for entrepreneurs looking to locate funding opportunities in real-time. Similar to searching for scholarships, what is needed is an online and electronic tool that uses public databases, historical data, and machine learning to provide simple action plans and projected timelines for reaching financial goals. Additionally, what is needed is an online and electronic tool that provides a custom funding journey and startup success rate, including a search of real-time funding mentions, a business ranking, funding and content recommendations, and timing predictions with a custom timeline to reach financial goals.
Becoming an Inventor
My patentable concept emerged from a simple brainstorm session and my appreciation for the entrepreneurial pursuit of achieving business goals. Leveraging the Capital One Patent Program, I submitted a distinctive tool/methodology that addresses the challenges of finding funding opportunities for business owners. This idea would not have been possible without the contribution of brilliant internal legal partners. Their input ensured that the tool complies with legal requirements and regulations, making it safe and reliable for use.