Crowdfunding is an alternative way of funding that allows individuals to take their ideas forward and make them a reality with the power of other people, ‘The Crowd’.
We have searched around and came up with the top 3 creative ways of crowdfunding, to show the possibilities with this new means of funding:
Showstopper! The Improvised Musical has been a hit at the Edinburgh Fringe for nearly 10 years but, for the first time, it will play a full-length run at a West End theatre, having been partly crowdfunded.
They say that the idea for Showstopper! is that it should be as good as a West End musical, which is their aspirations, however it takes a long time to raise the money and get the backing to get here. So, with the power of the public, the company has turned to crowdfunding site Indiegogo to raise money towards putting on the three-month run.
For donating, the perks included personal performances and songs to front row seats.
2. Crowdfunding campaign aims to rebuild an Aussie town’s only pub
An Australian pub is crowdsourcing its way back from destruction. The 120-year-old Buchan Caves Hotel was once the social centre of a small town in Buchan, Victoria, until it was engulfed by fire and burned to the ground!
The community voted to start a crowd-funding campaign on and called “Let’s Build a Pub.” and its aim was to raise A$600,000 and with funding from 800-plus supporters it has hit more than the half-way mark.
The perks of donating your hard-earned cash can score a round of drinks on the house, your name on a shiny brass plaque in the bar or have a seat named after you.
European indoor 60m hurdles silver medallist Lucy Hatton has turned to crowdfunding to help cover costs as she bids to reach the Rio 2016 Olympics.
This season, Lucy has asked if anyone out there can support her as little or as much as possible on her road to Rio. She has already reached her £1,000 target within two days through the power of social media!
The incentives for those who donate ranging from personal emails thanking them to a meet-and-greet.