Incentivized crowd funding system for internal innovation by an organization

A computer-implemented method of crowd funding for innovation, comprising steps of:

• distributing by a requestor via a computer system a proposal, wherein the proposal includes a description of a project to be performed, a request for an amount of funds to perform the project, and a time frame for raising the requested amount of funds;
• providing a bank of coin owned by an entity and comprising an artificial monetary amount representing an amount of currency;
• setting by the entity, for each contributor within a plurality of contributors, first conversion rates based on types of currencies and setting by the entity second conversion rates based on a country where each contributor is based;
• and
• in response to distributing the proposal, receiving by the entity via the computer system contributions from the plurality of contributors, wherein each contribution includes an amount of currency to be used for the project, and wherein, for each contribution,
• if a time limit on each contribution has not expired:
• converting each contribution to a first currency and a second currency using the first and second conversion rates, wherein at least some of the contributions comprise a particular amount of the bank of coin;
• and
• if the time limit on each contribution has expired:
• not converting each contribution;
• releasing via the computer system from the entity to the requestor an amount of money corresponding with the amount of currency converted from the received contributions, if the converted contributions satisfy the requested amount of funds within the time frame;
• returning the contributions to the contributors or adding more time to the time frame, if the converted contributions do not satisfy the requested amount of funds within the time frame;
• and
• determining whether or not the project is successful after the money is released,
• wherein the receiving step further comprises selectively adjusting each contribution by an incentive multiplier using one of the second conversion rates, if the time limit on each contribution has not expired,
• wherein the distributing step comprises electronically displaying a user interface identifying the proposal and displaying within the user interface an indication of an amount of the converted contributions for the proposal and a time remaining in the time frame.