Crowdfunding and the Innovation Marketplace
It seems that every day there are exciting new stories about crowdfunding initiatives. It’s further evidence of how group raising of funds is radically improving the prospects of small businesses.
What follows are a few of the stories that have caught our attention during the previous few days:
Why crowdfunding is increasingly popular for SME financing – a piece from the Guardian newspaper in the UK that looks at why small and medium-sized businesses cannot or are not borrowing from banks. The writer estimates that in 2013 over £200 million ($315 million) of SME financing in the UK will come from the crowd.
Crowdfunding Success Stories – an item from Forbes about how five social entrepreneurs have raised up to $100,000 each from the crowd. Among their number is Martha Griffin who obtained $31,763 on Kickstarter to publish a children’s book called Sam’s Birthmark. She was inspired to write the book because her son was born with a port wine stain on his face.
Procter & Gamble bets on crowdfunding site – P&G has partnered with a crowdfunding website called CircleUp to help get small business products in front of the corporation’s executives.
Exclusive sneak peak at the Middle East’s newest crowdfunding platform – news of a platform called Zoomaal that’s due to launch this month. It aims to support creative projects in the Middle East that require $5,000 or less.
Three signs that crowdfunding has reached a new level – a blog post on Business Matters that explores recent evidence that crowdfunding is becoming more mainstream.
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