Funding Opportunity Prediction System Using Machine Learning

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Solution Overview

Problem

Entrepreneurs face challenges in locating and assessing funding opportunities due to inaccessible or segregated information, making it difficult to evaluate and predict business success rates and financial goal achievement.

Innovation Solution

A system utilizing machine learning and online data aggregation to predict funding opportunities, assign ranking values, and calculate timelines for financing, based on supervised learning techniques and real-time funding announcements, providing a custom funding journey and startup success rate.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Loss of information

If entrepreneurs manually search for funding opportunities using public databases and online resources, then they can locate some funding information, but the process becomes extremely time-consuming and the information remains segregated and difficult to assess

Engineering Contradiction:

Improveaccessibility of funding informationVSAvoidtime to locate and assess funding opportunities

Core Design Contradiction:

Loss of informationVSLoss of time

Solution Approach 1:

The patent combines multiple scattered funding data sources, historical data, and real-time announcements into a single integrated platform. The system aggregates information from government databases, private funding sources, news outlets, and social media into one unified interface, eliminating the need for entrepreneurs to manually search multiple segregated sources.

Inventive Principle:

Principle #5Merging (Combining)

Solution Approach 2:

The patent introduces an intermediary AI-powered system that acts as a mediator between funding opportunities and entrepreneurs. This intermediary automatically collects, processes, and presents relevant funding information, saving entrepreneurs significant time while maintaining comprehensive information accessibility.

Inventive Principle:

Principle #24Intermediary (Mediator)

2Loss of information

If funding information is made publicly accessible, then entrepreneurs can find more opportunities, but the information becomes segregated and difficult to assess for validity and applicability

Engineering Contradiction:

Improveavailability of funding dataVSAvoidease of assessing funding information

Core Design Contradiction:

Loss of informationVSEase of operation

Solution Approach 1:

The patent implements feedback mechanisms where the system learns from entrepreneur interactions, assessment patterns, and outcome data to continuously improve its ranking and filtering algorithms. The system provides feedback to entrepreneurs about the suitability of funding opportunities based on their business characteristics and historical success patterns.

Inventive Principle:

Principle #23Feedback

Solution Approach 2:

The patent transforms raw, unstructured funding information into structured, ranked results by applying multiple filtering parameters including relevance to business type, geographic location, funding amount ranges, and historical success rates. This parameter-based organization makes assessing information validity and applicability straightforward.

Inventive Principle:

Principle #35Parameter changes

3Measurement precision

If the system aggregates and analyzes大量 real-time funding data using machine learning, then prediction accuracy improves, but the system complexity increases

Engineering Contradiction:

Improveaccuracy of funding opportunity predictionVSAvoidcomplexity of the funding location system

Core Design Contradiction:

Measurement precisionVSDevice complexity

Solution Approach 1:

The patent segments the complex machine learning system into distinct functional modules: data collection modules, data cleaning modules, feature extraction modules, prediction modules, and ranking modules. Each module handles a specific aspect of the data processing pipeline, making the overall complex system manageable and maintainable through clear separation of concerns.

Inventive Principle:

Principle #1Segmentation

Data Source

PatentUS10803519B1Systems and methods for locating funding opportunities

Publication Date: 2020.10.13 CAPITAL ONE SERVICES LLC

AI summary

A system for locating funding opportunities is disclosed. The system may include at least one memory for storing instructions and at least one processor configured to execute the instructions to perform operations. The operations include receiving answers to queries presented to a user at an electronic interface, the answers comprising financial information; predicting, based on the financial information, a funding opportunity and a success rate for establishing a business, the funding opportunity and the success rate being determined based on a plurality of supervised learning techniques; searching the Internet to identify data relating to real-time funding announcements; comparing the data to the funding opportunity and the success rate; assigning a ranking value to the funding opportunity, the ranking value being based on the data comparison and being associated with a plurality of rules; and calculating, based on the rules, an estimated timeline for financing the funding opportunity.