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Crowdfunding sites offer a different way to raise money

The Vampire Movie

Geoff Orlowski wants to take his filmmaking talents to the next level. The Whitesboro resident has been writing and making his own movies — from short films in college to his first feature film that he shot last year in Utica. To get to the next level with his second feature-length movie, though, he needs better equipment. And that means more money. The funds for his first film came straight out of his pocket, and it covered only meals and some equipment, he said. “It’s a sad thing, when you see all the skills that the actors and the crew members have and they’re not…

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Live discussion: Crowdfunding – Tuesday 5th March from 1-3pm

Barack Obama crowdfunding

Discussion on Tuesday 5th March from 1-3pm to discuss whether crowdfunding could be used to finance your charity campaign Barack Obama raised $137m during his campaign for US presidency by using crowdfunding. This method of fundraising is increasing in popularity in the voluntary sector, and many experts believe that it could provide an excellent source of finance for charities. Sites such as Buzzbnk, Solar Schools and Peoplefund.it allow organisations to raise money for a project online, through multiple donations or loans, from a number of donors, over a short period of time. This allows for more flexibility when donating and offers social loan options. Success…

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Crowdfunding Solar Schools In Britain

solar-schools

Schools in the UK wanting to go solar but that are strapped for cash are able to participate in a new crowdfunding service. As was the case in Australia, UK schools were previously able to benefit from generous government incentives to install solar; but most of that support has now dried up and the situation is preventing many schools from accessing solar power. SolarSchools provides resources, training and staff support to help schools raise funds for a solar array. Each school is also provided with a web page on the Solar Schools site to showcase their project and act as a rallying point for fundraising.…

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Latin American Crowdfunding Platform Idea.Me Hits $1 Million In Pledges

idea me

Over $1 million has been raised via Latin American crowdfunding platform Idea.me since its launch 18 months ago, contributing to the success of 180 creative projects, the startup announced today. As you may remember, we recently listed Idea.me as one of the 10 Latin American startups to look out for in 2013. Its model is similar to Kickstarter and Indiegogo, but its focus on Latin America represented a challenge, due to the fact that the concept of crowdfunding is still fairly new in the region. This means Idea.me had to do more evangelizing than its US counterparts, as well as making interesting tweaks to the…

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Crowdfunding service SliceBiz wins Apps4Africa cash prize

A Ghanaian start-up planning to popularise crowdfunding in Africa has been selected as one of the winners of this year’s Apps4Africa competition. SliceBiz plans to develop a service that will deliver 30-second pitches recorded by entrepreneurs to potential backers over the phone. It says investors will then be able to transfer cash into the projects they like via their mobiles. The Apps4Africa scheme is funded by the US State Department and the World Bank, It gives awards of $10,000 (£6,500) to three selected projects with the possibility of top-up funds if the winners meet set targets. Crowdfunded cash SliceBiz was founded by William Edem Senyo,…

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New Investment Platform Shekra Supports Startups in Egypt

Investment Platform Shekra

New joint investment concept “Shekra” is drawn from the Arabic phrase “sherik fekra” in Arabic, which means “share an idea.” The platform was launched in Cairo last November by seven founders who come from backgrounds in technology, aviation, investment and banking, who have pooled their resources to support Egyptian startups. The platform works by asking its network of investors to offer small amounts of capital in order to fund a startup or a specific project, thus mitigating investment risk. Unlike other crowdfunding platforms like Yomken in Egypt, or crowdsourced investment platforms like Zoomaal, which ask the public to fund projects, Shekra relies on a closed…

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Crowd-funding with Chinese characteristics

La La Shou director Madam Zhang Lifang

A new platform launched by internet giant Tencent enables social enterprises in China to diversify their funding streams and reach vast audiencesAdam Pillsbury – Guardian When the Chinese social enterprise La La Shou decided to create a club and host an annual conference for its beneficiaries, it turned to a new crowd-funding platform launched by Chinese internet giant Tencent to raise the needed funds. La La Shou, which provides training, consulting and advocacy for disabled children, their parents and teachers in the city of Xi’an, applied to join the scheme in September. It uploaded its proposal and business plan on Tencent’s public welfare page and…

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Crowdfunding gives city’s worthy causes a chance

Lai Jing-man, show jumper

Feel like bankrolling an independent movie? What about an artist who makes treasures out of trash? Perhaps you’d rather support one young woman’s dream of representing Hong Kong as an equestrian show jumper at the Asian Games. Hong Kong’s entrepreneurs and creative types have a new way of getting funding for their projects. The recently launched website FringeBacker has brought the growing trend of crowdfunding, where individuals decide to contribute money towards a project, to Hong Kong. “In the US, indie movies funded through crowdfunding sites such as Kickstarter have gone to Sundance and the Tribeca film festivals,” said Vivien Chan Yee-wan, marketing director for…

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EntrepreneurLive at CES: Indiegogo CEO Predicts What's Next for CrowdfundingEntrepreneurAt CES, hundreds of companies of varying sizes and stages can attribute crowdfunding platforms to their funding, product design and success. One of those being Indiegogo. Founded in 2007, the [...]

Entrepreneur12 Key Strategies to a Successful Crowdfunding CampaignEntrepreneurI've Raised Close to $2 Million in Crowdfunding Campaigns -- Here Are My Secrets · Next Article. 12 Key Strategies to a Successful Crowdfunding Campaign. Image credit: Shutterstock · Aj Agrawal • Contr [...]

KING5.comking5.com | Entrepreneurs: 9 tips for proven crowdfunding successKING5.comIt is no secret that in recent years crowdfunding has become hugely popular, evolving from a small personal fundraising platform to a comprehensive validation tool for startups, corporations, and nonpro [...]

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