San Francisco-based Junction launches campaigns to fund films with Hanks, Chiwetel Ejiofor and Aaron Paul – and it's only for people with a net worth of at least $1m

A new crowdfunding site that's been called Kickstarter for the rich has launched with campaigns to help finance films starring Tom Hanks and Chiwetel Ejiofor.

Unlike the website Kickstarter, which asks fans to donate money in the hope of seeing favoured projects hit the big screen, the film investment company Junction will feature movies that do not require extra financing to get the green light. By contrast with Kickstarter, which has offered anyone the opportunity to invest in their dream project for as little as $1, the site is open only to those with an annual income of more than $200,000 or a net worth of at least $1m (£600,000), reports the Wrap.

Movies currently inviting investment include A Hologram for the King, based on the bestselling novel by Dave Eggers, the author of A Staggering Work of Heartbreaking Genius. The film will star Tom Hanks and be directed by Germany's Tom Tykwer, who recently oversaw the Oscar-winning American actor in the fantasy epic Cloud Atlas.

A campaign has also been created for Triple Nine, a crime drama from Australian director John Hillcoat, who directed the 2005 western The Proposition. Triple Nine will star Ejiofor, alongside Casey Affleck, Kate Winslet, Aaron Paul and Woody Harrelson.

Kickstarter, along with similar sites such as Indiegogo, has made waves with its ability to fund big-screen ventures purely though fan investment. But the platform has faced criticism for how it is set up, which means film-makers are under no obligation to reward donors if a project makes money at the box office. The San Francisco-based Junction, however, will reward investors based on their contribution to a film. As Dominic Patten put it in Deadline: "The real selling point here is the access and that the new Hollywood newbie investors get the same terms as the original investors."