KarmaKrowd, Because DIY IP is Risky

Tip of the Week

In honor of the final day of  Women’s History Month I thought it would be fun to write about a new platform that not only has an interesting niche and suite of services but also happens to be co-founded by a woman. (And it’s based in my hometown of Chicago. Yay!)

KarmaKrowd is a crowdfunding platform that guides startups and entrepreneurs through the process of protecting their intellectual property (including patents, trademarks, and copyrights) before launching a crowdfunding campaign. When you think about the fact that IP-intensive industries directly accounted for 27.1 million American jobs, or 18.8 percent of all employment in the economy in 2010, the value of a buttoned up IP becomes clear.

KarmaKrowd, which is looking for inventors and entrepreneurs who are seriously trying to get a product out there, is currently accepting 25 beta testers. In return they get free PR services and no upfront costs.

To contintue reading, please go to my most recent Tip of the Week installment at crowdsourcing.org.