F.A.Q.

Frequently Asked Questions

Here are answers to some common questions about FuturePrize. If you would like to see an overview of how the entire process works, please have a look at our How It Works page.

FuturePrize is a crowdfunding website, where you can raise cash prizes for anything you want to see get done in the world. Users share ideas for what they would like to see accomplished, and other users can help out by pledging money for the prize. Teams with the necessary expertise and resources then apply to win the prize, providing either proof of accomplishment of the prize's goals, or a detailed proposal for how they will achieve the prize's goals. Prize donors then vote on which team - if any - should win the prize, with one vote per dollar donated.
Creating a prize is easy. Just fill out this form, which asks some basic questions about what it is you would like to see accomplished, and provide some specific goals that the prize donors can use to help them judge which team should win the prize.
No, creating a prize is completely free.
FuturePrize keeps 3% of the prize amount, but only if the prize is officially awarded to a winning team. There is an additional 5% fee charged by our payment processors Stripe and Celery, again, only when the prize is officially awarded to a winning team. In some cases FuturePrize will choose to waive our 3% fee for certain prizes.
Donating to a FuturePrize is easy. Simply click the green "Pledge Now" button on the right of the prize page, and a payment window will pop-up where you can select the amount you would like to pledge and provide payment details. You will only be billed if the prize is officially awarded to a winning applicant, as determined by donor voting.
You will only be billed after the prize is officially awarded to a winning applicant, as determined by donor voting.
If the prize deadline expires and no prize applicant has received 50% of the vote, you will not be charged.
Absolutely, you can cancel your pledge any time before the prize is awarded. Just click the "Order Lookup" link at the bottom of the confirmation email you received from us after making your pledge. Then click "Cancel Order". If you can't find your confirmation email, just send us a message requesting cancellation on our contact page. Please be sure to give us your email address and the name of the prize you donated to.
To apply for a prize, simply click the "Apply For Prize" button at the bottom of the prize description, and fill out the form.
Prize donors vote on which team should win the prize, with their votes counting in proportion to the dollar amount they pledged. For example, a $20 donor's vote would count twice as much as a $10 donor's vote. Donors can change their vote as often as they would like, and will be notified by email of new prize applications as they are posted. When the prize ends, if no single team has 50% of the vote, there is then a final up-or-down vote on the leading team. If they get 50% of the vote, then they win the prize. Also, the prize creator can call for an early final vote before the prize ends, as long as the leading team approves and already has 50% of the vote.
You will receive an email from FuturePrize as soon as there is an application for a prize that you've pledged money to. This email will contain a link to the voting page and login information. You can then choose whether or not to vote for the application. You can change your vote whenever you want, and as often as you want.
Yes, you can change your vote whenever you want, as often as you want. Simply log in to the site and click the "vote" button next to the application you would like to change your vote to.
When the prize ends, if no single team has 50% of the vote, there is then a final up-or-down vote on the leading team. If they get 50% of the vote, then they win the prize. If no prize applicant has received 50% of the vote, the prize is not awarded and prize donors will not be charged.
The prize creator can call for an early final vote before the prize deadline, as long as the leading team approves and already has 50% of the vote.
Yes, a prize creator is allowed to make changes to their prize description a maximum of three times during the course of the contest. Anyone who has pledged to the prize will receive an email notifying them of the change, and will have the opportunity to cancel their pledge if they disagree with the changes.
Yes, prize applicants are allowed to make changes to their application a maximum of three times during the course of the contest. Anyone who has voted for their application will receive an email notifying them of the change, and will have an opportunity to change their vote if they disagree with the changes.