New crowdfunding start-up CrowdIt, launching on June 4, will merge funding with an online business incubation platform.
Founded by Jason Graf, Paul Freeman and Markus Pope, the site claims it will surpass just financing, incorporating advice from experts, peer review, collaboration and networking in its aim to nurture and support business ideas and entrepreneurs.
Based in Missouri, US, the platform will accept international pledges and provide different forms of funding for businesses to choose from, including full or partial goals, donation or incentives and rewards.
There will be a 5% fee for all crowdfunding projects that reach their target goal and a 10% fee for those that don’t reach their goal but want to keep all money raised.
The platform aims to facilitate relationships between ‘dreamers’; those looking for funding, ‘believers’; investors and ‘suits’; business experts and professional mentors that will provide free advice and guidance.
Its innovative approach is the start of the ‘next generation’ of crowdfunding, according to the CrowdIt team.
The launch will challenge other rival competitors in the crowdfunding industry such as Crowdcube, Crowdfunder and Indiegogogo.
“Our vision for crowdfunding is about helping people achieve their dreams – be it starting a new business, developing a new invention or creating a technology start-up – and leveraging the power of the crowd beyond just the funding event.
“We think the business networking possibilities alone can transform crowdfunding into a true economic engine that is ready to jumpstart new enterprises of all kinds.”
Prior to the launch next week, CrowdIt are running a competition offering an additional $10,000 to the most funded project when the site goes live.
If you want to find out more about crowdfunding and how it works then visit our dedicated crowdfunding channel.
Source: startups – by Megan Dunsby