Category Archives: Crowd Funding

Hundreds of Canadian transplant patients crowd fund to cover costs, study says – National Post

For a Victoria, B.C., woman suffering from end-stage liver disease, there was some good news: she had been deemed a candidate to undergo transplantation.

The bad news? When an organ became available, the patient and her spouse would have to pay for a three-month stay near the transplant centre in Vancouver, one of Canadas most expensive cities.

So she set up a crowd-funding page, aiming to raise $10,000 and relieve this stressful financial situation for my husband and myself.

The woman, who eventually got her new kidney and raised $6,100 was not alone.

Soliciting money for medical needs on the internet may seem like a quintessentially American phenomenon, unnecessary in a country like Canada that boasts a universal, government-paid health care system.

But hundreds of Canadians have launched crowd-funding campaigns in recent years to support their organ transplants, asking for help financing drugs, transportation and lost income and raising thorny ethical questions, a new study indicates.

The more than 400 kidney and liver campaigns on gofundme.com alone underline the financial burden thats imposed on transplant recipients and not covered by medicare, note the researchers from Torontos SickKids Hospital.

I have been able to recover completely with a great amount of help from each of you

Whats more, the informal web-based system for raising money to cover those costs produces unequal results, often unrelated to medical need, they conclude.

People requiring a new liver earned much more than those awaiting kidney transplants, while children did better than adults, the studys authors found.

To win donors sympathy, campaign recipients were painted as morally worthy of donation victims of medical bad luck rather than poor personal behaviour and much-loved pillars of their community, notes the paper in the journal PLOS One.

This, of course, problematically presumes that some individuals are more worthy of medical care than others, violating norms of treating medical care as an entitlement and human right, the authors say. It is ethically problematic to shift to a system of distribution that awards individuals according to perceived moral worthiness or socioeconomic advantage.

The paper also noted that crowdfunding patients often must sacrifice considerable privacy, revealing personal medical and financial information to bolster their pitch, sometimes at the urging of funding websites.

The study was prompted by what seemed to be an increasing trend toward such campaigns, mostly launched by transplant patients family and friends, said Samantha Anthony, a SickKids scientist and social worker.

It is ethically problematic to shift to a system of distribution that awards individuals according to perceived moral worthiness or socioeconomic advantage

The research, led by Anthony, wasnt meant to pass judgment on the phenomenon, just highlight some of the issues around it, she said in an email interview. As to whether government should cover the costs the campaigns try to finance, thats a complex question and up to society to decide how to distribute scarce resources, Anthony said.

The authors looked at kidney and liver transplant patients who had used GoFundMe. They found 258 kidney cases and 171 liver patients.

For reasons that were not clear, liver patients received more and bigger donations on average and more Facebook shares than those waiting for a new kidney, the study found.

The campaigns were varied, but all underscored the personal ordeal that comes with such severe illness.

They included one that was for an eight-year-old Alberta girl suffering acute liver and heart failure due to a rare cardiac condition. Her family asked for help to pay for transportation, accommodations, food, lost wages (and) enrichment items for the patient. They raised $21,040 of a $35,000 goal, the girl receiving a potentially life-saving heart transplant a year later.

A Charlottetown woman with kidney failure managed to raise $3,311 to pay for medical bills, food, accommodation, loss of wages and other related costs to undergo a transplant in Halifax, and help others who were part of a chain organ-donation process.

Most asked for money to cover the costs of attending a hospital outside of where they lived, lost income and medication not reimbursed by medicare or private insurance.

One suggested that drugs could cost $5,000 a month. Another patient said a hospital social worker had suggested she start fundraising, warning the procedure would leave her out of pocket $10,000.

In an effort to boost the patients perceived worthiness, the study said, about a third of campaigners described the recipient as an amazing person, caring, loveable, or kind.

But relatively few of the crowd-funding requests criticized the health care system for allowing patients to face financial risk. Thats concerning, the authors argue.

It encourages the public to view crowd funding as a solution to the needs of Canadians in need of kidney and liver transplants, they say. By generally ignoring the systemic causes of these needs and demonstrating discrete cases where Canadians are meeting these needs via crowd funding, donors may be less likely to view the health system as in need of reform.

For patients like the Victoria woman, who announced last July she was closing her GoFundMe page, there is mostly just gratitude to donors.

I have been able to recover completely with a great amount of help from each of you, she wrote.

Original post:
Hundreds of Canadian transplant patients crowd fund to cover costs, study says - National Post

Now, BBMP looking at CSR to rejuvenate lakes – The Hindu

The Bruhat Bengaluru Mahanagara Palike (BBMP) is exploring avenues of funding for the restoration and rejuvenation of lakes, including Corporate Social Responsibility (CSR). This comes after Chief Minister B.S. Yediyurappa on Thursday chaired a meeting with officials from the BBMP, Minor Irrigation Department, and other departments, where he spoke about the need for a joint effort to revive lakes in and around the city and tapping alternative financial resources, including crowd-funding.

Civic Commissioner B.H. Anil Kumar said that the BBMPs main focus will be on CSR and crowd-funding. We have placed a proposal of 1,253 crore for restoration of lakes before the government. We have asked for more funds as 38 more lakes in the city were handed over to us. The CM has said that he would look into the matter and make provisions in the upcoming budgets, he said.

Crowd-funding needs to be streamlined

Senior civic officials admitted that tapping into CSR did not yield expected results in the past. However, if CSR and crowd-funding are streamlined, they can be successful, said a senior civic official.

Activists and citizens groups believe there is some merit to this idea.

V. Ramprasad, co-founder and convenor of Friends of Lakes, said that the government and the civic body should prepare a robust Detailed Project Reports (DPR) with guidelines to ensure that lakes are scientifically rejuvenated. The narrative of CSR towards rejuvenation should positively change. If corporates are funding a lake rejuvenation initiative, they should fund it substantially and not just for beautification, which generally is the case. Rejuvenation or restoration means good quality and quantity of water with flora and fauna, not just lights and walking paths, he said. He also said that crowd funding of lakes is also a viable option.

A senior civic official told The Hindu the BBMP will start preparing a DPR for CSR funding. This project will be taken up in a time-bound and phased manner, he said, and added that apart from government funding and CSR, even crowd-funding could be a viable option.

Jakkur lake is a good example of a successful crowd-funded initiative. A sewage treatment plant (STP) is being built by BEL as a part of CSR at Doddabommasandra lake, he added.

MoU for six lakes

Meanwhile, the government has signed Memorandum of Understanding (MoU) with private companies for development of six lakes, including in Marasandra, Kammasandra, Doddanagamangala, Doddakallasandra. Out of the six lakes, only Doddakallasandra lake comes under BBMP limits.

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Now, BBMP looking at CSR to rejuvenate lakes - The Hindu

Crowd funding initiative for government school – The Hindu

Mahabubnagar Collector Ronald Rose has initiated a programme called Intiki vanda, badiki chanda wherein every household in a village will contribute 100 towards the building fund for the local government school.

During a surprise inspection of a school in Tirumalapur village of Utkoor mandal in the district, Mr. Rose came to know that the campus did not have a compound wall. Then, he asked the students why they did not implement Initiki vanda, badiki chanda. Yet, it was never too late, he said and asked the students to raise 10 bricks per house while the government will contribute cement and other material besides meeting labour charges.

The Collector was indeed not off the mark when he solicited bricks from children because each brick will cost 10 and aggregate to 100.

Two recent major happenings in Telangana which earned national and international attention the 55-day strike by the Telangana State Road Transport Corporation (TSRTC) employees and the rape and murder of a veterinary doctor and later the killing of the four accused in an exchange of fire with the police have one striking similarity. In both the issues, the government and the police were at the receiving end initially for their inaction but ultimately the same voices that had castigated the administration have showered them with praise, irrespective of difference in opinion on the way the two issues were dealt with. Such extreme reactions from people are common in the society carried away by emotions. You never know when people would throw brickbats and when they would greet with bouquets in public life. It would not take much time to change their reaction in extreme opposite directions, a senior leader of the ruling TRS said adding that the two incidents were best examples for such extreme responses.

It has apparently become a habit for CPI senior leader K. Narayana to make a statement on some current issue and retract it later. The latest faux pas was related to the killing of four youths involved in Disha case in an exchange of fire with the police. Dr. Narayana was among the first to support the killing of the youths. His partys national executive, however, disapproved the development asserting that the party viewed it as extra judicial killing, forcing him to retract his statement. Dr. Narayana shot into news in the past when he allegedly consumed chicken on Gandhi Jayanti day and had to take a vow that he would not eat chicken for one full year. This was followed by his claim that he would cut his ears if TRS wins 100 seats in the GHMC polls as predicted by the party. After winning 99 seats, the party was sitting pretty that it had won the battle. Its president and Chief Minister K. Chandrasekhar Rao counselled Mr. Narayana not to cut his ears or nose in disgrace.

(N. Rahul, B. Chandrashekhar and M. Rajeev)

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Crowd funding initiative for government school - The Hindu

EXCLUSIVE: Intergreatme’s over R32m crowdfund – reduced to R6m after ‘suspect pledges’ – Ventureburn

A SA startup which hit the headlines earlier this year for having raised one of the biggest equity crowdfunding rounds in South Africa, has had to give back over R25-million of the raise because the money that investors pledged was suspect.

In May, SA regtech startup Intergreatme announced that it had raised over R32.6-million in a campaign run on local equity crowdfunding campaign Uprise.Africa.

The startup which was founded in 2016 by James Lawson,Dewald Thiart and Luke Warner (pictured above) has an identity management platform which provides users with control of their identities across financial services, telecommunications and insurance.

At the time, Uprise.Africa CEO Tabassum Qadir called the raise a record for African crowdfunding. The investment in exchange for a 20% share in the startup (see this story).

But that has now been caste in doubt.

Intergreatmes Dewald Thiart said he couldnt confirm or deny whether the withdrawn R25m, was linked to politically exposed individuals

An email from Intergreatme (that Ventureburn has a copy of) sent to investors on 30 September, informed those that took part in the raise that the startup would only be accepting R6-million, because the source of the funds from five pledges failed the platforms compliance process.

Read the email:

Please be advised that one group which made five substantial pledges have failed our Compliance Process.

Acknowledging that some investors have been motivated to invest by hearing of the amazing R32-million received in pledges, you are reminded that, should you be having second thoughts you are welcome to withdraw your investment prior to subscribing for shares. Should you elect to do this, your funds will be returned to you, timing being subject to Uprises confirmation of compliance with due diligence procedures.

In light of the above the Intergreatme board has resolved to accept R6,000,000.00 (Six Million Rand) of the funds pledged in terms of the Crowd Funding Campaign/Primary Offering and is considering either, raising the balance through a secondary offering/listing on ZAR X or through private investors at a higher valuation, read the letter.

While Intergreatmes CEO Luke Warner wasnt immediately available, Thiart referred all questions about the campaign to Uprise.Africa, adding that as the platform has the FSCA license,

From a legal stance we were advised that Uprise.Africa would be dealing with that, he said.

When asked whether he could confirm whether the over R25-million that was withdrawn, was linked to politically exposed individuals, Thiart said: I cannot confirm or deny that.

Contacted by Ventureburn Uprise. Africa CEO Tabbassum Qadir confirmed that the startup was only going to take R6-million and that the platform had opted not to accept the remaining amount because from investors because it had failed to meet FICA compliance.

Qadir explained only that the source of over R25-million in funds that were turned down wasnt clear, adding that the platform had therefore taken a decision not to accept it.

That money was rejected, said Qadir. We cannot jeopardise out platform, she added.

She said the plan is to now raise the balance of the R25-million via a listing on the ZAR X platform.

The equity crowdfunding platform signed a deal earlier this year with ZAR X, which would allow investments raised on the crowdfunding platform to list as shares on ZAR X, where they can be traded with other investors (see this story).

She expects the listing to take place in February or March. It would follow the listing of the R6-million that has been approved by Uprise.Africa. This would allow the 300 investors whose R6-million it is, to sell their share to other investors, if they so wanted to, said Qadir.

Qadir is confident that ZAR X listing will be able to net the remaining R25-million, or more and points out that taking into account amounts that were pledged after the Intergreatme campaign closed on Uprise.Africa, the platform received pledges totaling over R60-million for the startups offering.

Meanwhile a question mark hangs over a second Uprise.Africa raise.

In September it emerged that Uprise.Africs was conducting due diligence on investment offers from four investors to fund My Name is Reeva,a new documentary series on the life of Reeva Steenkamp, who was murdered in 2013 by athlete Oscar Pistorius (see this story).

This, after Warren Batchelor, the films director and co-producer and Tony Miguel, the films co-producer in launched an equity crowdfunding campaign on the platform in August to raise R40-million in return for a 50% stake in the film (see this story).

When asked by Ventureburn last week what had become of the campaign, Qadir said the campaign was never opened to the public, after the producers were able to raise R20-million from local investors.

Explained Qadir: They (the producers) didnt want to open it to the crowd, because of the public concern.

When asked what concern this was, she explained that Oscars family can bring a legal order or whatever.

She said the producers are taking legal advice on whether they can match the R20-million from investors sourced via a campaign on Uprise.Africa or whether the other R20-million must come from another investor, outside of the platform.

Read more: Uprise.Africa mulling offers from four investors for R40m Reeva documentary campaignRead more:Uprise.Africa launches R40m Reeva Steenkamp documentary crowdfunding campaignRead more: How we raised R29m in seven days via crowdfunding Intergreatme man [Q&A] [Updated]Read more:SAs Intergreatme sets Africa crowdfunding record with over R28m raised in just daysRead more:SA regtech Intergreatme out to raise R24m through crowdfunding site Uprise.Africa

Featured image: Intergreatme CEO and co-founder Luke Warner (Facebook)

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EXCLUSIVE: Intergreatme's over R32m crowdfund - reduced to R6m after 'suspect pledges' - Ventureburn

Crowd Funding Market 2025: Topmost manufacturers With Size, Regions, Types, Major Drivers, Profits – BoundWatch

The upcoming market report contains data for the historical year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. The https://marketreports.co/global-crowd-funding-market-size-status-and-forecast-2019-2025/172908/#Free-Sample-Report

The report offers information of the market segmentation by type, application, and regions in general. The report highlights the development policies and plans, government regulations, manufacturing processes, and cost structures. It also covers technical data, manufacturing plants analysis, and raw material sources analysis as well as explains which product has the highest penetration, their profit margins, and R&D status.

Read Detailed Index of full Research Study at @ https://marketreports.co/global-crowd-funding-market-size-status-and-forecast-2019-2025/172908/

The Top Key players Of Global Crowd Funding Market:

Types of Global Crowd Funding Market:

Applications Of Global Crowd Funding Market:

Regional Segmentation for Crowd Funding market:

Table of Content (TOC) at a glance:Overview of the market includes Definition, Specifications, and Classification of Crowd Funding Size, Features, Scope, and Applications.

Product Cost and Pricing Analysis: The Manufacturing Cost Structure, Raw Material, and Suppliers cost, Manufacturing Process, Industry Chain Structure.

Market Demand and Supply Analysis that includes, Capacity and Commercial Production Date, Manufacturing Plants Distribution, R&D Status and Technology Source, Raw Materials Sources Analysis;Forces that drive the market

In the end, the report covers the precisely studied and evaluated data of the global market players and their scope in the market using a number of analytical tools. The analytical tools such as investment return analysis, SWOT analysis, and feasibility study are used to analyses the key global market players growth in the Crowd Funding.

Check here for the [emailprotected]https://marketreports.co/global-crowd-funding-market-size-status-and-forecast-2019-2025/172908/#Buying-Enquiry

Customization of the Report:This report can be customized to meet the clients requirements. Please connect with our sales team ([emailprotected]), who will ensure that you get a report that suits your needs.

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Crowd Funding Market 2025: Topmost manufacturers With Size, Regions, Types, Major Drivers, Profits - BoundWatch

Crowd Funding Size, Growth, Analysis Of Key- players Types And Application, Outlook 2025 – 101Newsindustry

The Crowd Funding research report is a valuable source of data for business strategists. It provides the Crowd Funding overview with growth analysis and historical and futuristic cost revenue demand and supply data. The research analysis provides an elaborative description of the value chain and distributor analysis.

Request Sample Copy of This Report: @https://99marketresearch.com/global-crowd-funding-market-size-status-and-forecast-2019-2025/172633/#Free-Sample-Report

The Crowd Funding market study provides comprehensive data that enhance the understanding, scope and application of this report.

The report provides a basic overview of the industry including definitions and classifications. The Crowd Funding analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.

Prominent players of Crowd Funding market:

Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc):

Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):

Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.

This report studies the Crowd Funding status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyses the top players in global market, and splits the Crowd Funding By product type and applications/end industries.

Read Detailed Index of full Research Study at @ https://99marketresearch.com/global-crowd-funding-market-size-status-and-forecast-2019-2025/172633/

To comprehend 2018-2026 Crowd Funding dynamics in the world mainly, the worldwide 2018-2026 Crowd Funding is analyzed across major global regions. Crowd Funding Also provides customized specific regional and country-level reports for the following areas.

North America: United States, Canada, and Mexico.

South & Central America: Argentina, Chile, and Brazil.

Middle East & Africa: Saudi Arabia, UAE, etc

The study objectives of this report are:

To study and forecast the market size of Crowd Funding

To analyze the global key players, SWOT analysis, value and global market share for top players.

To define, describe and forecast the market by type, end-use and region.

To analyses and compare the market status and forecast among global major regions.

To analyses the global key regions market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends and factors driving or inhibiting market growth.

TOC-

Check here for the [emailprotected]https://99marketresearch.com/global-crowd-funding-market-size-status-and-forecast-2019-2025/172633/#Buying-Enquiry

Customization of the Report:This report can be customized to meet the clients requirements. Please connect with our sales team ([emailprotected]), who will ensure that you get a report that suits your needs.

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Crowd Funding Size, Growth, Analysis Of Key- players Types And Application, Outlook 2025 - 101Newsindustry

Parents of Beatriz Farmer-Maia raise over 30000 to fund her treatment to beat childhood cancer – Islington Gazette

PUBLISHED: 10:02 19 November 2019 | UPDATED: 10:28 19 November 2019

Emma Bartholomew

Beatriz Farmer-Maia whose family are fund raising for her cancer treatment.

Laura Farmer Maia

Parents of a toddler diagnosed with an aggressive childhood cancer are crowd funding to raise money for her treatment, and have already hit the 30,000 mark.

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Beatriz Farmer-Maia was just two-years-old when doctors found out last year that she had high-risk neuroblastoma, with a 40 to 50 per cent chance of long-term survival.

Neuroblastoma (NB) is a type of childhood cancer that forms in certain types of nerve tissue.

When it is classified in the high-risk category it means the tumour cells have already spread to other sites in the body.

Doctors initially thought Beatriz, or Bibi, had a recurring virus when she had a fever that lasted for four weeks - but then she refused to walk because her legs hurt. After weeks of trips to the doctors and A&E, her parents were sat down in a room at Archway's Whittington Hospital and given the news that would turn their lives upside down. Bibi had a lump that doctors suspected was childhood cancer.

Intensive chemotherapy began at Great Ormond Street Hospital the next day. Since then Beatriz has been in hospital for nearly half the past year, spending both her birthday and Christmas there.

Beatriz's family are now raising hundreds of thousands of pounds for further treatment through the specialist neuroblastoma charity Solving Kids' Cancer. The goal is to either get Bibi into remission or to keep the cancer away if treatment does go to plan.

"Having Solving Kids' Cancer to help us is comforting," said Bibi's mother Laura.

"They are an amazing charity who help families throughout treatment and beyond, and endlessly push for more research into this disease. Any money we don't use will be used for research - to help other children. And that's important to us."

She continued: "Bibi is weird, wonderful and amazing - she wants to be the tooth fairy when she grows up. And she is genuinely one of the funniest people we know."

Beatriz is currently enrolled in a six-month clinical trial at GOSH, as she has relapsed neuroblastoma.

The trial, jointly funded by Solving Kids' Cancer and Imagine for Margo, is the first study in Europe to combine chemotherapy with anti-GD2 antibody therapy.

To donate see justgiving.com/campaign/beatriz.

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Parents of Beatriz Farmer-Maia raise over 30000 to fund her treatment to beat childhood cancer - Islington Gazette

How to Crowdfund (with Pictures) – wikiHow

Steps

Part 1

1

Be clear about your goals. Before you start your campaign, know with certainty how you will ask for money and why you need it. As crowdfunding consultant Sydney Malawer put it, Do you have a legitimate ask besides we want money? People want to feel that they are a part of something big and important. They want to know that their money will play a significant role in accomplishing that goal. People crowdfund for all sorts of reasons: new business ventures, projects or causes they care about (e.g., a family member, friend or pet who is sick).

2

Do research and outline your goals. To justify and support your goals, you'll need to be clear about what the money will do. For personal causes, outline clearly how the money will be used and what impact it will have.

3

Present your goals. For commercial ventures, use graphs where useful. Write out an estimated budget for your campaign, based on any quotes youve received from manufacturers, insurers, lawyers, suppliers and distributors. For personal causes, describe what the money is for and how it will be used. E.g., $1000 will pay for Sharons mortgage as she undergoes four weeks of chemotherapy. If this sounds like a lot of work, it doesn't have to be. Just be transparent about what you are trying to achieve.

4

Research crowdfunding itself. Both Kickstarter and Indiegogo provide helpful tips on their websites. Mycause.com.au, which specialises in cause-related crowdfunding, offers their fundraisers 24/7 email and phone support. Mike del Ponte wrote a great post on Hacking Kickstarter, offering a list of factors to consider that contribute to campaign success, and the Unreasonable Institute shared some good lessons from their failed campaign.

5

Find videos or high-quality photos. Images can make or break a campaign. If you are crowdfunding for a commercial project, consider getting a professional videographer who is willing to work pro-bono, or make a video yourself. Focus on telling a compelling story. Keep it under three minutes in length. For personal causes, find heartwarming and emotional photographs, and upload them to your page. The more visuals you have, the better.

Part 2

1

2

Design the layout of your campaign. Have your story outlined (who, what, when, where, why, how) and your video and images in place. Make your explanation clear, simple and to-the-point.

3

4

Make sure you can comply with the estimated delivery date. 70% of campaigns dont deliver on time. Select a date that gives you plenty of time to meet your commitments. New projects often take longer than anticipated.

Part 3

1

Make sure you have a core team of people promoting the campaign for you. Think of crowdfunding as the layers of an onion. Your first layer is family and friends. If they wont donate to you, who will? Your second layer is coworkers (past and present), teammates, business associates, casual acquaintances. Your third layer is the press and general public.

2

Reach out to organizations and workplaces. Some organizations can provide wide networks of potential donors. Make a list of local organizations related to your cause or field. Ask them if theyd be willing to publicize your campaign through their social media.

3

Use the media. If you are doing the campaign on your own, you should draft a standard press release as a template. Personal interviews, however, are more likely to get you coverage. If you use a platform such as mycause.com.au, their publicity team will send your story to the press free of charge. They will work to generate publicity on your behalf.

Part 4

1

Know your goal. If its a commercial venture, you should aim to raise 25% of your funding within 24 hours. If you succeed at that, Indiegogo or Kickstarter might feature you on their homepages. If it's for an individual or a cause, mycause.com.au recommends reaching out to your first two layers of "the onion" (friends, family, coworkers, teammates) in the first 14 days and then going to the general public through the press after that.

2

3

Allow time. Plan on sending updates to your backers and networks throughout the campaign, and also after it has ceased. Don't bombard people with messages, however. They might be tempted to mark them as spam.

Part 5

1

Thank everybody. At the end of your campaign you should be sure to thank everyone who has supported you, and let them know what your future plans are.

How can I find someone to help me start crowd funding?

wikiHow Contributor

If you're crowdfunding for yourself, then just go to one of the internet sites and follow the instructions to set up your request. If you are crowdfunding for a charity, discuss your plans with other volunteers at the charity.

Ask a Question

Thanks to all authors for creating a page that has been read 71,471 times.

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How to Crowdfund (with Pictures) - wikiHow

Property Crowd Funding – The Magic of Modern Day Investing – HuffPost

As an entrepreneur and global communications specialist, Ive come across a diverse spectrum of investment avenues that are both lucrative and proactive.

However, the world of real estate has always intrigued me. Real estate has been booming around the world, particularly in the UK, with new housing, apartment and condo complexes being built at a phenomenal pace.

This provides a great opportunity for investment when it comes to making your money work for you.

During a recent visit to London, England, I came across an entrepreneur that opened my eyes to the world of Property Crowdfunding.

Abdullah Iqbal, Co-Founder of the Knightsbridge based start-up PropTech Crowd, reveals: Property crowdfunding is a relatively new form of investment which allows multiple investors to come together to invest in specific properties. As each has a small share, the cost of entry is significantly lower than it would be if they decided to invest alone

Belonging to an ethnic Muslim background, I learned that Abdullah joined his father who has been involved in the familys property business for well over three decades.

However, it was during a trip to his native Pakistan that his father thought of introducing an interest-free property crowdfunding model that would also be attractive to the thriving global Muslim community, specifically in the UK.

Abdullah Iqbal, Co-Founder at PropTech Crowd.

While there existed property crowdfunding companies already, Abdullah and his dad saw an obvious vacuum in the market. None of the property crowdfunding platforms were Shariah compliant at the time, due to them being involved with interest. Our motivation was to take the banks out of the equation, enabling investors to have shares and democratising the property market for everyone, while conforming to the Islamic prohibition of interest, emphasises Abdullah.

The companys core mission is to revolutionise property investment through innovative crowdfunding technology, allowing everyday investors to access high-ROI opportunities that they may have been priced out of in the past.

As I learned intriguingly, some of the key benefits of property crowdfunding are:

As an individual with limited finances, I asked how is this relevant to someone, or even beneficial in the short or long run of things?

Abdullah adds, Property crowdfunding is opening up property investment, allowing anyone to access benefits that were previously only available to high-net- worth individuals and asset managers.

When investing in property, one of the biggest facets to look at is obviously ones return on investment.

Would you invest in something with a high return on investment (ROI)? Of course you would. Anyone would! Thats a no-brainer. And Abdullah elaborates, According to the Office for National Statistics, UK house prices have risen by 31%. This is far superior to the return you get from savings accounts.

The model is applicable to both Muslims and Non Muslims. There are no bank involved, no loans with interest, and one receives full voting and financial rights with your investment.

So how is the Shariah compliance is ensured?

I learned that Mufti Abdul Kader, a renowned Islamic scholar and expert in Islamic finance, is a Shariah Compliance Advisor at PropTech Crowd. His duties entail making sure that all elements of the business are Shariah compliant, visibly and consistently.

When I asked Abdullah about ownership as a landlord, I was surprised at the answer. Longer-term investments receive a yield the rent in addition to any capital gains you may receive when the crowd sells the property. You get the benefits of being a landlord without the huge start-up costs and with all of the administration done for you, reveals Abdullah.

Where does the company go from here?

Abdullah smiles gently and replies, Our 5-year vision is for our investors to have access to properties across major global cities. We want to open doors up in various countries for ordinary people to invest and own property anywhere. Owning property shouldnt be difficult and we intend on creating a model that facilitates it in the most effective and beneficial way.

The company is also actively cross-promoting with established platforms such as Ethis Crowd, the Worlds first Islamic Real Estate Crowdfunding platform headquartered in Singapore and Islamic Banker, a marketplace for responsible investments.

He elaborates, The purpose of Crowdfunding is to get together and accomplish something, whether it is a social cause, to support a start-up, or invest in property. As a platform, we find collaboration to be the essence of success. Our motives and vision are very much aligned with Ethis Crowd and Islamic Banker, so it is clear that if there is synergy, we should explore it.

Conclusively, property crowdfunding is an exciting and rewarding method of investing in the property market. Since human beings will always require shelter as a basic necessity regardless of how the economy is the real estate market is incessantly glorious and an ever green form of investment. As an entrepreneur, we are told to think forward.

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Property Crowd Funding - The Magic of Modern Day Investing - HuffPost

Getting Crowdfunding Fundamentals Down to A Science In Advance Of Campaign Key To Success – HuffPost

If I were to start a crowd funding campaign today the first thing I would do is start with a good definition of the word crowdfunding. According to Wikipedia Crowdfundingis the practice of funding a project or venture by raising monetary contributions from a large number of people.

Crowdfundingis a form of crowdsourcing and an alternative method of finance which has gained popularity over the last decade. In 2015, it was estimated that worldwide over US$34 billion was raised this way.

There are a variety donation crowdfunding platforms where individuals can raise capital for their projects. Crowd funding can be executed through mail-order subscriptions, benefit event, and other methods, but the most common method is internet-mediated registries.

The top ten crowdfunding sites are listed on Traffic Rank, and the list is sorted based on independent traffic data found on Alexa an Compete. Currently, Gofundme, Kickstarter, and Indiegogo rank on the top three list.

The top three books on crowdfunding in 2017 are Step-by-Step: Everything you Need to Raise Money in the Crows by Joseph Hogue, CPA, Crowdstart: The Ultimate Guide to Powerful & Profitable Crowdfunding Campaign by Ariel Hyatt, and Fundraising Crash Course: Fundraising Ideas & Strategies to Raise Money for Non-Profits & Business by Arnold Taggert.

Crowdfunding begins with a proposed idea, project to be funded, individuals or groups who support the idea, and building a platform with all of the pertinent information to engage individuals or groups to support the ideal.

Crowdfunding can be used to support for-profit entrepreneurial ventures, social sector projects, community projects, medical expenses, etc.

According to these sources cited crowdfunding websites helped companies and individuals worldwide raise US$89 million from members of the public in 2010, $1.47 billion in 2011, and $2.66 billion in 2012 $1.6 billion of the 2012 amount was raised in North America.[48]In 2012, more than one million individual campaigns were established globally[49]and the industry was projected to grow to US$5.1 billion in 2013.[49]and to reach US$1 trillion in 2025.[50]A May 2014 report, released by the United Kingdom-based The Crowdfunding Centre and titled "The State of the Crowdfunding Nation", presented data showing that during March 2014, more than US $60,000 were raised on an hourly basis via global crowdfunding initiatives. Also during this period, 442 crowdfunding campaigns were launched globally on a daily basis.[21]

Youll also receive an 8-page Crowdfunding Kit that includes:

Successful Crowdfunding takes patience, planning, commitment, creativity and a great offer to individuals and groups looking to support your cause, so make sure you take the time to develop a well thought out campaign and plan of action from beginning to end!

Phil Andrews is the President of the Long Island African American Chamber of Commerce, Inc. an affiliate of the US Black Chambers, Inc. and Past President of the 100 Black Men of Long Island. Mr. Andrews is also the President-Emeritus of the Black Public Relations Society-New York an affiliate chapter of the National Black Public Relations Society. Mr. Andrews has appeared on WABC Here and Now and NBCs Positively Black. Mr. Andrews is a Black Enterprise BE Modern Man.

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Getting Crowdfunding Fundamentals Down to A Science In Advance Of Campaign Key To Success - HuffPost