LOS ANGELES, April 27, 2011 /PRNewswire/ -- Crowd-funding is a new phenomena that is taking the world by storm and one inventor plans on riding the wave.
Jason Sullivan is a former bartender at Fleming's Prime Steakhouse who turned inventor and developed a new life-saving "Dick Tracy" wristwatch that has since been named "Most Likely To Succeed" by Inc. Magazine.
This new technology wonder named LEO™, is a patented, GPS emergency locator wristwatch enabled with voice communications and a panic button.
"I originally invented LEO™ out of a passion to create a device that could protect children from the impacts of a potential abduction. The outcome has evolved into a stylish wristwatch that can now be used by all ages for virtually any emergency situation," says Sullivan. Raising capital to launch an invention, no matter how revolutionary the idea, can be an extremely difficult challenge for any upcoming entrepreneur. Banks typically do not lend money to develop new products and finding qualified private investors can be next to impossible if the entrepreneur was not born into a network of wealthy individuals. Crowd-funding provides a new medium for inventors to connect with many people who are willing to contribute small amounts of funding to support a worthwhile project. "We expect this life-saving product to be wildly accepted by the public so we decided to reach out to them directly to help bring LEO™ to market. We foresee crowd-funding as a viable source to rally support for special project-based campaigns."
SOURCE GuardianLion Wireless