The online platform will be at address Factor.uz and the project will attract funds to finance various projects.

Crowdfunding is the collective effort of individuals who network and pool their money, usually via the Internet, to support efforts initiated by other people or organizations. Crowdfunding is used in support of a wide variety of activities, including disaster relief, citizen journalism, support of artists by fans, political campaigns, startup company funding, motion picture promotion, free software development, inventions development, scientific research, and civic projects.

One of the examples of crowdfunding platforms is kickstarter.com. The platform collected US$860 million from 5.1 million people. Some 51,000 projects were implemented in the result.

Factor.uz project held a contest Factor of Success. Within the contest, the presentation of the Factor.uz has been also held.

Nine participants attended the final of the contest. Jasur Hudayberdiev won the contest. Singer of rock-group Flyin’Up Hudayberdiev proposed to write the first album of the group The City of Rock. This project will receive financial assistant to implement the project.

The second place went to Yevgeniy Sisoyev. He proposed project Jobtask.uz, which is directed at solving communal issues.

The social project MaPa.uz Nelli Karimova took the third place. The project is directed at supporting children, people with disabilities, elder people and those, who need support.