Project
Submitted

Project
Approved

Investors discover & invest

Project
Funded

Innovators work on next phase
The Crowd Has Spoken!

What's Next?

How does ifundACME Demo work?

Our goal with ifundACME Demo is simple – discover and develop YOUR innovative solutions for the enterprise. You come up with the project ideas, you invest our company’s money to fund your colleagues’ projects, we’ll build the projects that reach 100% funding. That’s it. Anyone can submit a project. Anyone can sign up to be an investor.

Have a great idea that will change the business?

Click Submit and get it out there for others to discover. Attract investors through the story you tell.

 

See great ideas you want to support and fund?

Click Invest to sign up as an investor, and receive an allowance to invest in any project you want.

General

  • I don’t have an idea, I am not an investor. How else can I participate?

    There’s plenty you can do! If a project proposal is of interest, you can follow the project, like it, share it with others, and post comments. Consider reaching out to the owner to see if he or she wants help promoting their proposal. You may be able to contribute to a project as a subject matter expert, and some owners may ask for volunteers to help with the project in some way as well. The more support a project has, the more likely it will get funded and built.

  • Can I be both a project submitter and investor?

    Yes! You can submit as many project proposals as you like and you can sign up to be an investor to fund projects that you support. The only rule is that you cannot fund your own projects.

  • How do I get support if I have questions or issues?

    Contact ifundACME Admin at admin@acme.com.

Submitting Projects

  • Who can submit a project?

    Anyone in the company, at any level, can submit a project. If you have a great idea that will bring value to the business, submit your proposal to the program!

  • Who has ownership responsibility for the project I submit?

    You do, of course! We’re just here to help make your dreams come true. It’s your project idea, so we expect you to be actively engaged in the entire process, from the moment you submit your project, through design and development, and final deployment to users. If additional team member names are submitted with your project proposal, the official ownership responsibility is still yours as the submitter. Additionally, investors do not gain ownership by investing in your project.

  • How many projects can I submit?

    There is no limit to the amount of proposals you can submit, regardless of whether or not you are submitting as an individual or as a team. We want your ideas, so keep on submitting them!

  • What type of project can I submit?

    Our current campaign is called Internet of Things, which means your project proposal must be for an application or service that proposes development of the internet in which everyday objects have network connectivity. Project proposals can be for mobile solutions, desktop solutions, services, or APIs. ifundACME may open up for other types of applications in the future. But for now, please submit Internet of Things projects only.

  • When can I submit my project?

    As long as the Submit link on the site is active, you can submit a project. Project investors have a limited amount of money and time to invest. The overall funding process will close when we have exhausted the funds available for this campaign.

  • What if there are projects similar to my idea?

    We receive several projects a day that are similar to each other and cover the same area. We cannot fund multiple projects that cover the same idea. If the tool is showing you projects that are similar to yours, review these projects carefully to make sure your idea is unique from the others, or consider reaching out to the other submitter to see if you can combine your ideas. Your project may not be accepted if someone else already submitted the same type of project unless you can explain the differences in your submission.

  • What information do I need to provide in my project submission?

    We need to know as many details as possible about your project idea, so we ask you a series of questions that guide you through the submission process. It is important that you complete the submission thoroughly. If you do not provide enough information for us to get a good understanding of how your idea will work in the hands of users and how it will bring value to the business, it will be rejected from being published to investors. It's also important to remember that you are seeking funding from people who may not know you or be part of your organization. Investors are deciding whether or not to fund your project based on the information you provide. Tell a great story about why your project is invaluable to the business. Make your project enticing and easy to understand. Provide as many technical details as you can.

  • Am I required to include an image in my project submission?

    Yes. We require that you include an image so your project has a unique visual icon. Your image must be 200K or smaller. An image can be a JPG, BMP, or PNG file of a photo, drawing, formal or informal graphic, screenshot, slide, etc. If you are not using your own imagery, please use royalty free, non-licensed, business appropriate imagery from sites such as this: http://www.freedigitalphotos.net/

  • Am I required to include a video in my project submission?

    No. Videos are fun and nice to have to help tell your story, but they are not required. If you do have a video, upload it to a media library, and then use the URL to your video in your submission form. For the best experience, we recommend using the following video formats: FLV, MP4, M4V, and MP3 (for audio), all of which require a licensed video player. You can also use MOV (Quicktime), YouTube video URLs, and others. We do not recommend using Windows Media video formats WMV or AVI.

  • How do I figure out the funding goal for my project?

    For the Spring into Internet of Things campaign, each project submission will seek to raise between $10,000 and $250,000. You have 28 days to raise the money and 56 days to build your project. With $10,000 to $250,000 and 56 days, you can create a working project and call it done, build a phase 1 of your project and come back to raise another $10,000 to $250,000 to build a phase 2 and so on, or you can build a prototype or concept wireframe. Projects that you know will cost more than $250,000 to build must be divided into phases, with each phase seeking funding after the current phase is complete. Make sure you explain how your project is divided in your submission. The faster you can get your project or project phase funded and built, the more you can get done!

  • What if I need help with my project submission?

    If you have questions about any of the information we are asking for in the project submission form, first ask your manager or colleagues if they can help. Remember, the more information you can provide up front, the easier it is for the administrators to publish your proposal. If you are still unsure how to answer some of the questions, indicate as such where appropriate on the form. Rest assured that the administrators review each proposal and will contact you with suggestions for necessary changes before it is published.

  • Are all project proposals reviewed before publication?

    Yes. The administrators take a quick look at each proposal to ensure that projects submitted are feasible, follow the guidelines of the campaign, are aligned with business goals, meet security and data privacy compliance standards, and are not duplicating existing work. If the administrators see project duplication with another submission, they will suggest opportunities for collaboration between both projects. As the project owner, we encourage you to respond quickly to administrator questions and make necessary changes when asked.

  • How long does it take for my project to be reviewed?

    Projects that adhere to the campaign guidelines should be published within 3-5 working days of submission. However, if the administrators have concerns about your project breaching business policies, or if your proposal is missing information and has sections that have not been well defined, publication will take longer. Please provide as much information up front as possible to get your project published quickly.

Becoming an Investor

  • What does it mean to be an investor?

    Investors are the decision makers on what gets funded and built out of the program. Investors are given a set amount of money to invest in new project ideas that have been published. Investors determine how much money to invest in which projects. Each project has a funding goal that must be reached for the project to be built. As an investor, it is important that you are selective in your funding decisions. You are spending company money - this is YOUR chance to make a difference. Your name will be attached to the project as someone who saw business value and benefit in the idea.

  • Who can be an investor?

    Any regular employee can sign up to be an investor. The investor community represents a diverse sampling of the ACME population across geos and business units, and the amount of slots made available are allotted accordingly. Slots are filled on a first come basis and will close as we reach the maximum number of slots per geo and per business unit, combined with the overall slots alloted for the campaign budget. If we have reached the maximum number of investors when you sign up, you will be put on a waiting list until a spot opens up for you.

  • How much money am I given to invest?

    As an investor, you are given $2000 to invest in projects. If you see a project you want to support, choose to invest in it and simply indicate how much you want to pledge. The amount you indicate will come out of your $2000 allowance. For this campaign, you can pledge any amount between a minimum of $1 and a maximum of the funding goal of the project. Depending on overall campaign investment activity, additional funds may be distributed to active investors.

  • How quickly do I have to spend the money?

    We want you to spend our money and highly encourage you to do it in a timely manner! Innovators only have 28 days to raise funds for their projects, so if you see a project you want to support, don't wait to invest. Investors who show they are actively investing within a 28 day time period may receive additional funds at a later date. If you have not spent your allocation within 56 days you will be automatically removed from the investor pool. When the campaign closes for investing, any leftover money you have in your profile will be taken away.

  • Can I use the money for something else?

    No, sorry. The money we are giving you can only be used to support and build projects in this program.

  • Can I contribute my own money?

    No, sorry. This is an internal business program that only uses company funds for employees to invest in new innovations.

Raising Funds - Submitters

  • If I reach my funding goal, what exactly is the funding used for?

    The funding you raise for your project is used to pay for design and development resources.

  • How long do I have to raise the funds?

    Every project has 28 days from the moment it is published to raise funds and meet its funding target.

  • How can investors find my project?

    Investors and any other employee can find your project through search and through the sorting and filtering options available on the program site. Your project may also end up being a Staff Pick on the site at some point. Be sure to promote your project to get visibility with as many people as possible.

  • How should I promote my project to investors?

    Great question! It is up to you to showcase your brilliant idea and convince investors that your project should be funded and built. The more activity and attention you can get on your project, the more likely it will get noticed by investors and funded. Ask people for support through project likes and follows. Share your proposal through company collaboration tools. Schedule a story telling session or demo, so people can hear you talk about how your proposal will help them be more efficient at work. Avoid contacting individual investors unless you know the people you are reaching out to. You should also avoid using mass email.

  • What kind of rewards can I offer investors?

    Rewards are a great way to entice investors to fund your project. They are also a great way to say thank you for your support. When you submit your project, you can offer rewards to investors who invest specified amounts. It is up to you to decide how to reward your investors. You can add a person’s name to credits in your application, you can create a VIP list of people to be the first users of your application before it is released to the company, you can express your gratitude to the person’s manager, and so on. Be creative and innovative with your rewards. Note that you cannot use any funding money to cover rewards.

  • What happens when my project reaches its funding goal?

    As soon as your project reaches its funding goal, you will be notified via email with next steps to take and will work with an ifundACME team member to put together a plan to ensure your project is feasible to build. If your project depends on business systems, we recommend you have some basic agreement with those system owners before submitting your project. If your idea is funded, after project details are confirmed, you will have 56 business days to work with the development resources assigned to you to complete your project.

  • How long does it take to build my project?

    There are several factors that need to be discussed and agreed upon between you and the project team before your funded project can start. Within the first two weeks of being funded, there will be checkpoints with you to scope your project. You are expected to be part of this process and answer any questions that may arise in a timely manner. The amount of time it takes to complete scoping varies per project. When scoping is complete, we will schedule the project start based on available resources. Once design and development start, it should take 56 days to build your project.

  • What happens if my project doesn’t reach its funding goal?

    Your project will be moved to the expired view if it doesn’t reach its funding goal after the set amount of time you have to raise funds. It will be made inactive for investing, but you and others will still be able to see the project details. Existing investments that were already made cannot be saved, returned, or used for something else.

Funding Projects - Investors

Building and Hosting Funded Projects

  • My project has been funded! What happens next?

    Great news! When your project reaches its funding goal, we start the design and development process. The program team reaches out to schedule a kickoff meeting with you, and then you will work with them to begin scoping the project and planning development within the constraints of the funding you received. During that time frame, you meet with the program team on a regular basis, participating in design reviews and making project decisions, until the project is complete and made available to users.

  • What is my role during design and development?

    You are expected to be actively involved during the entire design and development process, it’s your project after all! You will work with the program team to determine a project schedule. You will need to spend time helping scope the project and doing timely design, prototype and code reviews. You are expected to attend meetings as needed, keep investors and followers informed of the development progress, help validate the built solution before it goes live, and promote your finished project.

  • Can I use my own development resources to build my project?

    You can use local resources but we will not transfer funds to cover normal work responsibilities, existing headcount, or the purchase of capital equipment. However, we have development and design resources lined up to help you work on your project and will recommend which team is best suited for your proposal.

  • My project is available for users! What else is left to do?

    First, take a moment to soak in your brilliant accomplishment and success! Your idea became a real solution for the company to use. Bravo! Next, tell every employee you know to use your solution, especially your investors. Finally, make sure to read all of the feedback and questions people post about your solution and respond to them in a timely manner. If you find that you don’t have time to respond to feedback, find someone else who can take over your ownership responsibilities.


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