Back in August, Elon Musk’s Hyperloop designs found a home at JumpStartFund where the project’s green light was voted on by the public. Many people labeled this a pipe dream, but today JumpStartFund announced that Hyperloop is one step closer to reality.
Dr. Marco Villa, former director of mission operations at SpaceX, and Dr. Patricia Galloway, the first woman president of the American Society of Civil Engineers, will lead and manage the development of the Hyperloop project. Additionally, JumpStartFund is accepting applications for anybody who wants to work full-time on the project in exchange for equity.
Since the initial 28 days of voting are over, Villa and Galloway will be calling on JumpStartFund members to participate in different advisory groups to collaborate on every aspect of moving the Hyperloop forward. In effect, they will create a new company to bring Hyperloop to life and will create a team surrounding its development.
“There does not seem to be any technical issues on this project that we can’t solve; even if we do not know right away, we will figure it out,” says Villa. “What is different today is the opportunities that crowdsourcing and crowdfunding offer in getting dreams and innovations off the ground,” adds Galloway.
CEO and founder of JumpStartFund Dirk Ahlborn is showcasing the true potential of crowdfunding with this project as more than 20,000 people have visited the website seeking information on the Hyperloop. The hope is that some will be drawn to lend their expertise to the project, and scale tests can begin by the end of 2014.