First Gear Project Launches Innovative Motorsports Crowdfunding Program

CrowdFunding Beat News Desk, PORTLAND, Ore., Aug. 8, 2014 /PRNewswire-USNewswire/ — In motorsports, funding is often the critical bridge between opportunity and execution.

First Gear Project, a crowdfunding platform dedicated to the automotive & motorsports industries, will help build that bridge by establishing a platform to connect opportunity and funding via WWW.FIRSTGEARPROJECT.COM
fgp_banner7

The site, which recently expanded from a successful beta phase to being open to the public, has been built to facilitate programs across the spectrum of the industry, from karting to drag racing, from the development of new aftermarket products to the creation of inspiring documentaries. First Gear Project will build a community, encourage new innovations and foster projects as the open marketplace of motorsports ideas meets with the support of the public, friends, family, and sponsors to turn dreams into realties.

With a financial base built on upon the 20 year success of Vital Enterprises, an Oregon technology firm with revenues approaching $40 million, First Gear Project has been spearheaded by racing driver Guy Cosmo and his wife Louisa.

“The opportunity to partner Vital Enterprises’ vast array of engineering capabilities with Guy Cosmo’s racing and Motorsport industry experience was a great opportunity,” said Ryan Hoppes, President, Vital Enterprises. “Being able to bring a new method of financing to influence further creativity, ability to self advocate, as well as provide personal connections between fan and driver within the Motorsport’s realm will be exciting to witness. We are thrilled to be a part of this shift.”

First Gear Project will give participants the opportunity to influence the future by making tangible contributions to a favorite driver or team, or convert a compelling new concept into a publicly available product with a built-in brand awareness and support system.

“This is a project of a lifetime for me, because being in the sport for so many years I’ve seen first hand how critical funding is,” said Cosmo. “We have designed First Gear Project to not only be an opportunity for someone to transform their vision into a marketable reality but it is also a chance for backers to witness the impact of their support. It’s a place for our whole community to actually participate by building programs or supporting them. We are trying to change the industry, and we and our investors believe that this is the best way to do exactly that.”

SOURCE First Gear Project

Tags: , ,

HEADLINE NEWS

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news [...]

ForbesHow This Millennial Built A 7-Figure Business Using Equity CrowdfundingForbesWhen he asked them to help fund his company's crowdfunding campaign, they delivered—exceeding his initial goal fourfold and ranking it one of the fastest and most successfully funded companies on R [...]

Entrepreneur3 Crowdfunding Tips Every Company Forgets From a Brand That Raised $800000 and Got AcquiredEntrepreneurCrowdfunding takes a lot of planning, whether you're gearing up for a launch, a ship date or thinking about the next source of funding you'll pursue. But it [...]

The GuardianWorboys' victims launch crowdfunding appeal against releaseThe GuardianThe women are aiming to raise £10,000 to pay for a judicial review that would initially force the Parole Board to reveal its reasons for releasing the 60-year-old, who has served 10 years in jail. [...]

ForbesVeteran 'Dota 2' Caster TobiWan Launches Crypto Crowdfunding ...ForbesVeteran Dota 2 caster Toby "TobiWan" Dawson, who has casted the final at the biggest esports event ever, is set to launch a new cryptocurrency for a platform that will allow content creator [...]

Entrepreneur12 Key Strategies to a Successful Crowdfunding CampaignEntrepreneurI've Raised Close to $2 Million in Crowdfunding Campaigns -- Here Are My Secrets · Next Article. 12 Key Strategies to a Successful Crowdfunding Campaign. Image credit: Shutterstock · Aj Agrawal • Contr [...]

Boing BoingCrowdfunding for medical costs is turning health-care into a reality-TV competitionBoing BoingIt's a sad -- if gripping -- document of the wildly inefficient, friction-hot mess of medical care in the US, where one-fifth of household spending is lavished on healthcare, [...]

EntrepreneurLive at CES: Indiegogo CEO Predicts What's Next for CrowdfundingEntrepreneurAt CES, hundreds of companies of varying sizes and stages can attribute crowdfunding platforms to their funding, product design and success. One of those being Indiegogo. Founded in 2007, the [...]

LifesiteFacebook blocks crowdfunding site for new movie on how abortion ...Lifesite'Given Facebook's claims to be a neutral, open forum...I regard this as scandalous and I call on Facebook to cease and desist.'and more » [...]

CT PostBridgeport schools considering crowd-funding policy - Connecticut ...CT PostThe Harding High School football team received new helmets for the upcoming season, in Bridgeport, Conn. Aug. 3, 2017. Photo: Ned Gerard / Hearst Connecticut Media. Buy this photo. Image 2 of 4. Buy pho [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

CrowdFund Beat Media

2018 Fintech World Conference & Workshop, Announcement:Game Changer” Fintech World Media, PR & Marketing Group Proudly Presents: lnkd.in/gqdCrTr

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |