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The best source for news and information about crowdfunding for good.

Crowdfunding for Social Good

Devin D. Thorpe

Devin Thorpe

Support The Revolutionary Technology For Hearing Impaired To Raise Funds

The Live Time Closed Captioning System is a revolution in assistive technology for the hearing impaired. They are raising money on Indiegogo for this purpose. Recently, I caught up with Daniil Frants to learn more about the effort; here’s what he told me:

What is the social benefit you hope to achieve with or through your crowdfunding campaign?

Hearing Loss affects 48 million people in the United States alone. One of the biggest challenges that comes with being hearing impaired is the inability to communicate with your loved ones, or even strangers. A simple conversation, an essential component of human interaction, can in many cases become impossible, even with advances in treatment and technology.

The LTCCS is completely dedicated to providing closed captioning, so it is perfectly suited to keep up with a real, live conversation. In doing so, it restores the user’s ability to engage in a naturally flowing conversation, which can restore relationships with close friends and family members.

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How much money are you hoping to raise and why? How much have you raised so far?

We hope to raise $400,000.
$32,000 gets taken by IndieGoGo.
$150,000 goes to fine-tuning the LTCCS and further development- we need this to be perfect.
$80,000 to cover perk expenses.
$100,000 first round manufacturing.
$38,000 to act as reserve in case anything comes in overbudget. After all above are completed that and any remainder from the others will go towards establishing relationships with organizations for the hearing impaired and medical providers, to ensure further distribution.

Whom are you trying to help with your project and why?

We are trying to help the millions of hearing impaired individuals whose relationships with their friends and family are damaged by their inability to converse. The on head wearable LTCCS allows these people to participate in a naturally flowing conversation. Regaining this ability can in many cases allow the user to restore relationships that had been damaged by their disability.

What rewards, if any, are you offering to your supporters?

We are offering a number of promotional perks such as stickers, T-shirts, etc.

We are also offering plaques that thank the supporter for their donation (there are several tiers).

Also, we are taking pre-orders for the LTCCS.

Lastly, we are offering a corporate sponsor “mega-perk” in which in exchange for a large donation an individual or company can have their logo featured on our product.

Check out the campaign:

Visit the website.
Follow on Facebook.
Follow on Twitter at @DaniilFrants

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