Business idea : NewsGrape - Social community of authors
Newsgrape is a free text-community for the sharing of articles, which it links to each other. Writers can create Magazines to publish articles collaboratively in a group of people. With the E-Go , Reader have numerous ways to filter through interesting articles from the database to organize them in subscription groups or store them in libraries. It also caters for bi- or multilingual users, as it allows for multiple languages on one interface, simultaneously.Two main innovations behind this business idea are the Newsrank algorithm, which evaluates the quality of each article based on reader behavior, and the Fastnews, which we believe could distribute short news more efficiently than, for example, Facebook or Twitter.
Newsgrape offers up to 75% from the advertising revenuegenerated by articles to the authors, and aims to become the best income source for successful bloggers.