From the first part of the review about LabStart you have already learned how much this is a cool and effective application of block-technology. Recall that LabStart is a decentralized platform, the purpose of which is the direct interaction of the inventor and the investor . Today we will dig deeper into the whole process.

Patent right on "fingers"

Continuing our introduction to LabStart, we would like to illustrate by example how easy and convenient will be the interaction with the platform of each of the parties. In addition, it will bring a significant increase in profits for everyone, as we said in the first part of the review. 

Inventor John

Imagine that John invented a technology that would help build an engine that extracts energy from the air - a legendary concept. But in order to build it, it is not enough just one bright thought and calculations on the board, but also that helps inventions appear in our life in the form of real objects - money. 

They can receive them in two ways:

• From the intermediary (who, by the way, will also receive it from the intermediary). As a result, funding will be meager, because of all the commissions collected by each of the fundraising participants.
• Use the LabStart platform and make everything much easier and more efficient

We will not even consider the first case. First, our realities are already saturated with it, and secondly, we have already talked about this in the first part of the review. Well, the next option is just the topic of our review. 

And so, John, having collected all the necessary information, puts on LabStart his project of the engine and indicates what means he needs to realize his idea and describes why all this should be earned (not divulging the main points that in the future will become the subject of patent law John and investors).

A detailed description is needed to enable the LabStart team to assess how realistic the inventor's ambitions are and whether the project is fraudulent. This is a kind of protection line, with which the platform protects investors from dangerous investments. But you need to remember: venture investments are always a risk (as practice shows, justified ).

After a thorough check, John's project enters the "showcase" of the platform, where everyone can invest in it and get a share of the profit accordingly with its contribution. About this further.

Investor Joan

She is the one who hunts for breakthrough inventions, like those of John, and wants to make money for them. But until the launch of the LabStart platform, it had no way of directly communicating with those who generate new ideas - only intermediaries who not only can not ensure fair and transparent interaction, although they charge a considerable price for such services. 

Going to LabStart, she sees that a certain John is waiting for funding to develop a legendary engine, and he needs $ 1 million to make the idea a reality. For the fact that someone invests in his project, he will provide part of the patent rights to the invention and will allow you to make money on this.

Already now, Joan sees that John has collected, say, $ 400,000 and willing to not become less. She understands how profitable the use of such an engine can be and that the more investors there are, the higher will be the competition when the right to exploit John's invention can be traded. Therefore, it invests another 600 thousand and becomes the largest investor and receives the greatest right to benefit from what John has developed.

The amount invested means that crowds are over and John can start implementing his ideas and, as the terms of the contract say, provide the product by the deadline. But this is not the only way to end fundraising. Also, there may be a situation where the project does not gain sufficient funding before the end of fees, and then the platform automatically closes crowdfunding and returns all investments to investors - this is another milestone in their protection.

Now that John shows the product and provides technology to build his engines, companies can acquire the right to manufacture and sell them. For such a right, they will pay royalties to the owner of the patent - John and investors, in the part that they invested in the creation of the engine. By the way, on LabStart John himself can determine the share he wants to receive from payments for the product, which is a measure of protection of the creator himself, from claims to his rights from unscrupulous investors.

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