Startup businesses and groups launching innovative projects can now rely on crowdfunding sites for financial support. With a global coverage, these platforms have helped many startups in successfully creating and marketing their products and implementing events beneficial to their target audience.
Thanks to these crowdfunding sites, not all aspiring entrepreneurs need to have a lot of capital to be able to launch their business. Many are these sites have been in existence for years now and they have greatly helped individuals and groups raise their needed funds to pursue their projects and/or business.
By turning to these valuable sites, creative and entrepreneurial people passionate about pursuing their ideas and products need not spend their personal savings which they risk losing should their projects fail to achieve its desired outcome later on, according to a Los Angeles bankruptcy lawyer.
Here are several of the highly recommended crowdfunding platforms that have been around for years and have established a good reputation.
Kickstarter is the most popular and the world’s largest crowdfunding platform today. It focuses on creative projects covering film, music, art, theater, comics, design, photography, technology and video games including indie games among others. So far, it has funded 200,000 creative projects and has received more than $1.5 billion in pledges.
Launched in the U.S. in 2009, the site rigorously screens projects submitted by artistic individuals and startups hence, not all are able to post on the platform. It should also be noted that only project creators from the U.S., Canada, Australia, New Zealand, The Netherlands, Denmark, Ireland, Norway, Sweden and the U.K. are accepted by Kickstarter.
Indiegogo is an international crowdfunding platform launched in 2008. It helps individuals, businesses and non-profit organizations in finding funding for personal and cause-related campaigns. It can accommodate any project without the need to thoroughly review each. No application is also required to submit a project on the site.
Successful projects launched on the site are charged four percent of the total amount they gained while those who are not able to meet their goals are charged nine percent.
Arts-related campaigns were initially the focus of RocketHub. However, it has expanded and now also accommodates projects related to science, education, business and social good.
Today, RocketHub is well known for its yearly SciFund Challenge which aims to raise funds online for worthy science projects. It has also tied up with A&E Networks with the goal of providing additional support to select projects.
It’s free to launch projects on the site and the fees are lower than other similar platforms. Project creators also get to keep the funds they raise, no questions asked.
Peerbackers is among the top crowdfunding sites today that targets entrepreneurs and innovators. Since its launch in 2011, the site has so far supported thousands of projects worldwide ranging from the creative to civic and business.
The site also accommodates young entrepreneurs by assisting them in partnering with student organizations. Proposals submitted to the site are then reviewed by the Peerbackers staff. Also, the company deducts five percent from the money raised by project creators.