ieCrowd, Alternative to Venture Capital for Innovations with High-growth Potential, Releases First Phase of Crowd-powered Platform

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Pioneering innovation commercialization company prepares scalable online platform in light of major changes in the venture landscape.

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New ways are needed to increase the likelihood of success in transforming innovations into global solutions that at the same time lead to social and economic prosperity - Amro Albanna, Chairman and CEO

Innovation Economy Corporation, a company that acquires, incubates and accelerates innovations, announced today the launch of ieCrowd – Innovation Economy’s new identity and phase one of its crowd-powered platform. The platform is designed to enable everyone to participate in the social and economic opportunities created by developing and growing innovative ventures that address some of the world’s most significant challenges.

ieCrowd.com, released in beta, is the public preview of phase one of the company’s platform designed to unlock the potential of innovative research, technology, products and services with high-growth, global impact potential. The platform is comprised of the business infrastructure vital to the successful transformation of innovations into high-growth ventures.

“Today, more than ever, innovative solutions are required to solve global challenges. Unfortunately, the entrepreneurial endeavor required to actually do this has become extremely difficult given the current economic climate and the traditional venture capital landscape. New ways are needed to increase the likelihood of success in transforming innovations into global solutions that at the same time lead to social and economic prosperity,” said Amro Albanna, Chairman and CEO.

ieCrowd’s unveiling highlights the scalable foundation and ecosystem that the company has built over the last three years. One demonstration of the power of ieCrowd’s platform is a current ieCrowd innovation that has been heralded as the “biggest breakthrough against Malaria” by the international press. ieCrowd is preparing this innovation for launch into global markets in the coming months. This innovation, once transformed into real products, has the very real potential of reducing the spread of mosquito-borne diseases that negatively impact over one billion people around the world.

“ieCrowd highlights the belief that high-growth ventures, when successful, contribute to social and economic prosperity and can solve some of the world’s greatest challenges – like Malaria. It also highlights our belief that it is time for a fundamental shift in responsibility for fueling innovations to market,” continued Albanna.

About Innovation Economy Corporation. Innovation Economy Corporation, located in Riverside, California, commercializes innovations with global impact potential. With a philosophy of “Doing Good and Doing Well,” Innovation Economy’s mission is to acquire innovative research, technology, products and services and transform them into high-growth businesses with the potential to enhance the lives of people across the globe.

About ieCrowd. ieCrowd is Innovation Economy Corporation’s public brand and
http://www.ieCrowd.com is the company’s new crowd-powered platform, currently in phase one beta, designed to enable everyone to participate in the social and economic opportunities created by developing and growing innovative ventures.

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Grey Frandsen
ieCrowd
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