Keeping on the theme of crowdfunding from our Today’s News feature, we now turn to some of the benefits that this new trend in financing new businesses. First, the concept is pretty straightforward. Crowdfunding lets more people than ever have access to invest in the business startups and projects for a share in the future revenues similar to owning shares of stock. Although virtually any company can utilize crowdfunding tech startups are the most likely candidates. Indeed, no longer does tech start up mean building microchips like Intel. Now the majority of tech based startups are web or mobile focused and investors are rushing in to get a piece of the action after seeing what happened to people who invested early in giants like Google and Facebook. This scalability of profits is what has attracted so much money and will help bring about a new plethora of innovation. Surely many will fail and turn into bad investments but there are already so clear winners starting to emerge. Tech Review continues with some of the technology coming out as a result of crowdfunding, “it's becoming a common story. A project listed on Kickstarter, the Internet crowdfunding website, ends up wildly exceeding its financial goals. Suddenly, someone is in business.

That's what happened to inventor Jay Silver, creator of MaKey MaKey, an "invention kit" consisting of a processor board and alligator clips that turns objects with high electrical resistance—bananas, Play-Doh, human flesh—into computer controllers. Silver listed the project on Kickstarter this year hoping to raise $25,000. He ended up with $568,106. Since then, it's been a race to negotiate with Chinese manufacturers, customs agents, and wholesalers to produce and ship what will be the first product of Silver's newly incorporated company, JoyLabz. "I was going to start this company in a few years, but my crowdfunding success accelerated the timing," says Silver, who is 33…”