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Participate in Crowd Funding

Fulfill your dream by crowdfunding or contribute to fulfill someone else’s dream...

In crowd-funding a large number of individuals (i.e. a “crowd”) interested in your idea chip in small amounts to make your project come alive. It is an opportunity to validate your idea with people who believe in your project.

Crowdfunding is an excellent source of seed funding to build prototype of a physical product or a beta version of an online project etc. Although crowdfunding contributors do not get any stake in the project, as a sign of gratitude, they receive recognition and rewards like DVDs, discount coupons, invitation to events, merchandise, acknowledgment in credits, T-shirts and other perks.

If you are not an entrepreneur seeking crowdfunding, you may join the crowd to fund an idea that has been posted by someone else. These ideas usually are entrepreneurial, imaginative and sometimes downright quirky.

Ideas which have received crowdfunding include board games, adventure travel, app design, games design, robotics, technology, short films, photography, art, festivals etc. The world over, crowd-funding is known to creative projects, personal or social causes and lately for startup funding too. Thanks to this mode of funding, project gets going, brand gets established, idea receives publicity. In the next stage, the entrepreneur can approach venture capitalists or investors for larger funding.

How does crowd-funding work?

There are various online platforms for crowd-funding. They may charge a low upfront fee and/or a small percentage of funds collected. An online pitch, funding target and a closing date is then put up on the crowdfunding website.

The online pitch may include text information and video presentation to enable the idea, concept and story are communicated effectively  Simultaneously the entrepreneur needs to promote through social media and reach out to relatives, friends, fans and potential funders.

Once the target amount is collected, the same is transferred (less the upfront charge, if applicable) by the website to the creator along with the details of the investors. The campaign can be extended in case the target amount is not collected by the closing date.

During the project's implementation, the entrepreneur remains in touch with the contributors and the crowdfunding portal since the success of the project is in everyone’s interest. Listed under Resources section are the online crowd-funding platforms that you can access and explore this exciting new activity!!

Equity crowdfunding platforms (ECP)...

Whereas general or social crowd-funding platforms raise funds for a project or a cause, equity crowdfunding pertains to raising seed capital or working capital for stratup companies. In the case of normal crowdfunding, investors do not expect any returns from their investments but in startup equity crowdfunding investors receive equity shares in the company, thus entitling them returns from their investment.

Although investment made through ECPs is on private placement basis, the 'legality' of these platforms in India is still not established since SEBI has pronounced them as unauthorised.

Resources
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BitGiving.com

A crowdfunding platform to raise funds for causes and social issues like education for rural girls, helping poor earn a livelihood, a home for destitute etc.

Catapooolt.com

Dedicated to creative projects including movies, music and other performing arts.

Crowdera.in

Projects by individuals and organisations that focus on art, make an impact, do social innovation etc.

Desired Wings

Crowdfunding platform for artists, entrepreneurs, technology enthusiasts, filmmakers, designers, social change makers, journalists, healthcare professionals and travel enthusiasts.

Dream Wallets

Seek crowdfunding for films, social events, art & craft products, music startups etc.

Enablers

Equity crowd-funding platform

Equity Crest

Equity crowdfunding platform.

Fund Dreams India

Fund Dreams India is a crowd-funding platform that enables people to raise funds for personal causes, life events and social causes.

Igniteintent.com

Have put up projects such as racing car as well as ventures from arts and technology sectors.

Impactguru.com

This is an online fundraising and crowdfunding platform for individuals, non-profits, social enterprises, and corporates to raise money online for social or personal projects.

ImpactGuru.com

Helps individuals, non-profits, social enterprises, and start-ups for all their fundraising needs - be it small or large through donation or social crowdfunding.

Ketto.org

Raises funds specifically for non-profits. Projects include shelter to stray animals, lighting up a village, feeding poor children etc.

Kickstarter.com

Primarily serving US market, but India too is covered. Short films, photography, music are some of the ventures in India seeking funds.

Milaap.org

Milaap is a non-profit on whose platform borrowers seek funds to start a small business, pay for education, install facilities at home etc. The funds are repaid.

Pikaventure.com

In the pre-launch mode. Full fledged website yet to be launched.

RaiseforHelp.com

This website is for fundraising towards social, political, personal and creative causes.

Rangde.org

Social investment website. Funds are for microcredit to small businesses and education. Funds are repaid with interest.

Start51.com

Projects funded include Dance DVD, car rally, cross country cycle journey etc.

Startupcrowdfunding.com

A global startup crowd-funding platform

TheHotStart.com

Live projects in performing arts, photography and art spaces.

Ukhadlo

Equity crowdfunding platform

Wishberry.in

Some of the projects are food networking portal, music video, sponsored festivals etc.

ZingoHub

ZingoHub helps indie brands, designers, artists, filmmakers, musicians and other like-minded creative people to become entrepreneurs.

 
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