Friday 24 May 2013

Nesta creates directory of UK crowdfunding platforms


Innovation foundation Nesta has published an online directory of UK crowdfunding platforms, with the aim of helping charities, community groups, businesses and individuals to access this growing source of finance.

Crowdingin.com is available at no charge, and lets users filter searches by the type of funding being sought and the sectors that platforms specialise in.
Search by sector and area of interest
  • Business finance: Access to finance for startups or established businesses
  • Social Good: Finance for projects that deliver a significant benefit to society
  • Arts-Creative: Finance for projects that have creativity at their core
Search by crowdfunding model
  • Donation: Fund  projects by getting small donations from a large number of people
  • Reward: Source small amounts from individuals in exchange for rewards
  • Lending: Borrow from the crowd with individuals contributing small parts of the overall loan amount
  • Equity: Seek investment from the crowd in exchange for a share in your business or project
The site currently lists 31 platforms, each featuring a summary of their services and their conditions of use. Sites listed include Bloom VC, Cancer Research UK's MyProjects, Crowdrise and Pledge Music.
At the same time, Nesta has published a how-to guide to crowdfunding, Working The Crowd, which can be downloaded at no charge.
Liam Collins, Nesta policy advisor and crowdfunding researcher, said: "As the crowdfunding market grows, so too does the number of platforms that facilitate the exchange between the crowd of funders and those seeking finance. Crowdingin.com will help users navigate the options open to them."

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