FUND­ING YOUR FU­TURE

Five pop­u­lar crowd­fund­ing web­sites that could make your in­ven­tion be­come a com­mer­cial re­al­ity

Urban Cyclist - - Are You In? -

Kick­starter

Lead­ing crowd­sourc­ing site that’s raised hun­dreds of mil­lions for busi­ness start-ups but not char­i­ties or aware­ness cam­paigns. Back­ers can re­ceive ‘Backer Re­wards’ if the fund­ing goal is reached. It charges 5% fee for ev­ery suc­cess­ful project.

Indiegogo

You can kick-start any project in­clud­ing do­na­tions for char­i­ties. It of­fers re­wards too (called Perks) and a fund­ing plan called ‘Flex­i­ble Fund­ing‘, in which you could re­ceive the fund even if the project has failed to reach the fund­ing goal – but you pay a higher fee for that.

See­drs

Lon­don-based plat­form for equity crowd­fund­ing (the first to gain Fi­nan­cial Con­duct Au­thor­ity ap­proval), it fo­cuses on seed-stage busi­nesses with in­vest­ments start­ing at £10.

CrowdCube

“We’re look­ing to grow the busi­ness and use the CrowdCube plat­form for a num­ber of rea­sons,” ex­plains Tem­ple Cy­cles’ Matt Mears. “It has over 300,000 regis­tered in­vestors – you im­me­di­ately ac­cess them when you launch a cam­paign. Also, they’re based in Ex­eter and we like that they’re a rel­a­tively lo­cal group, plus we re­ally like the pre­sen­ta­tion tools the site uses.”

Crowd­fun­der

Grow­ing, pow­er­ful re­wards-based plat­form that cham­pi­ons cy­cling­fo­cused cam­paigns in­clud­ing Jenni Gwiaz­dowski’s Lon­don Bike Kitchen project – her crowd­fun­der ap­peal bought in 358 back­ers who raised £18,179.

JustGiv­ing

Char­ity-fo­cused fundrais­ing web­site. Was cho­sen as the plat­form to raise funds for a pri­vate pros­e­cu­tion against a mo­torist fol­low­ing the death of cy­clist Michael Ma­son.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.