Today, innovation is at the heart of our societies. Some major society challenges such as ecology, overcrowding, or else decentralization appeal to the capacity of our societies to find innovative solutions that will help solve these issues. Yet it is currently very hard for an individual to get directly involved in an innovative project. Considering the importance of the innovative impact on our life now and in the future, we think that anyone must have the opportunity to get involved in this process, and at every level of responsibilities.
A new way to fund innovation
In order to open the innovative ecosystem to everyone, LabStart intends to use the various models of crowdfunding by incorporating the concept of patents. Once the innovation project finished and the technology or the product itself developed, each investor will hold a share of the patent ownership. Sharing the patent ownership and tracking the innovative process are made thanks to the blockchain and smart contracts technology, via the LabStart platform.
- Universal { Everybody can invest in intellectual property, from all over the world. }
- Profitable { Without intermediaries, profits earned on the patent sales are split between every investors based on their starting investment. }
- Decentralized { Research investment & patent property will now be available to everyone and not only global companies. }
- Secured { Investments & Invention properties are secured through blockchain and smart contract technologies. }
- Transparent { Transparency is the key to success in blockchain projects. Our decentralized application is open source, ensuring quality & reliability. }
- Disruptive { Revolutionize the research investment ecosystem by connecting investors to researchers thanks to blockchain & smart contracts. }
- Reliable { All research projects are verified by our expert team & patent attorneys. }
LabStart Ecosystem
Introducing LabStart platform
LabStart platform is a decentralized application (dApp) built on the Ethereum network providing a link between innovative project bearers and investors. Thus anyone can support the innovative projects present on the platform.
Once the innovation developed, one or several patents are filed, in order to protect the invention. Each investor owns then shares of the filed patents, in proportion to their initial investment.
Invest using LabCoins
In order to make investment in innovative projects easier, LabStart has developed its own token: the LabCoin. In addition to being independent from the changing rates of fiat currencies such as dollars, LabCoin allows an interaction made easier with smart contracts, considering it is an ERC20 token.
What are LabCoins ?
LabCoins are ERC20 tokens created on the Ethereum network. They are used to invest in innovation projects presented on the LabStart platform. The number of available LabCoins is set beforehand and will be distributed during the pre-sale and the ICO (cf. LabCoin distribution for more details). One LabCoin is a unit of digital currency, like a Bitcoin. LabCoin will be tradable on the exchanges after the ICO has ended.
What is LAB?
LAB is shorthand for LabCoin. Most currencies have 3-letter codes (USD, EUR, AUD, BTC) as an international standard. The technical term for this shorthand code is ISO 4217.
How does Labcoins serve investors?
LabCoin is the only currency that allows investors to fund the innovation projects featured on the LabStart platform. For every investor the amount of LabCoins invested in a project coincide with the patent shares owned at the end of the project (cf. I/ Patent properties), as well as the weight of the vote in the joined Decentralized Organization. (cf. IV/ Decentralized Organization et V/ Follow-up and control).
How does Labcoins serve project teams?
Once a project is fully funded, all the LabCoins invested in the project will be converted in fiat currencies on the exchanges to raise the funds needed for the project team.
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