FUNDING YOUR FUTURE
Five popular crowdfunding websites that could make your invention become a commercial reality
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.
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.
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.
“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.”
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.
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.