57 applications have been submitted to Outvesting and will, over the course of the next two weeks, be reviewed by our fund donors. During that time we’ll also be publishing a random selection here, starting today with Loopthing.
History of your startup
We first started development on the Loopthing project back in early 2008. After we got a clear picture of what we wanted to achieve it took nearly 12 months of planning, design and development to get to soft launch in April 2009.
At that stage we had all the basic features in place to begin population of the loopthing business network and start developing a foundation for the website. After the soft launch of the service in beta, we continued to tweak and develop new aspects of the service to improve our offering to the wider business community.
On the 28th October 2009 we officially launched the network and released our first business support module – OpenScore. see http://www.youtube.com/user/loopthing
We now feel that the project is beginning to offer the wider business community significant support and features that will enable them to engage online in a much more productive fashion.
Why do you deserve to win?
We believe that the Loopthing project will utilise the money raised by the outvesting platform to its full potential by improving the immediate growth prospects of this young Irish start-up.
The company is just getting on its feet, and any additional financial support at this early level would contribute greatly to our future growth, and provide a significant boost to our current development.
Our next primary stage of development involves opening up the Loopthing network to external 3rd party developers to provide applications for business use. The money spent on this development would therefore provide additional Irish entrepreneurs with the opportunity to create applications to target international markets on the back of the Loopthing network.
In addition to this, we are a young but mature team who would greatly appreciate and acknowledge support of this level, and treat the funds with the utmost respect.
What you’ll do with the money?
As discussed above the money will be used to facilitate the next stages of development which involves opening up the loopthing network to 3rd party application developers.
We believe this will not only improve the quality of applications offered though the network, but also provide Irish entrepreneurs with a platform on which they can develop and sell products into the international business services market.
We already have developers interested in providing applications for the network, and the sooner we are capable of supporting them the faster the Loopthing network will grow and the opportunities created within it.