We have a pending patent filed in the US, which will allow us to continue the development of QIARK with a 'customer driven' approach to business and social groups.

The QIARK system will operate in the Collaborative Decision Making and Business Intelligence market, whose function is to translate the combined knowledge of users into actionable decisions. Market opportunities include: Enterprise and Social Applications ($26.68bn in 2016), Cyber Security and Education Technology.

The funding is to support initial marketing and the development of the system, from a beta project into a production quality application, salaries (including developers), trademarks, and associated legal fees.

We expect our average license fee to be £25 per user per month, although the RRP will be higher. We will aim to further enhance sales through business sponsorship of groups, or with support from related commercial partners.

We would aim to exit the business within 5 years through acquisition, given that 140 technology/intelligence based companies having been acquired since 2011. Dependent on cash flow, share buyback or an IPO could also be considered.

Crowdcube has not reviewed the historical and forward-looking financial performance so there is no financial snapshot. The company has a bank loan of £25k.