Meet Consano, The Crowdfunding Platform That Wants To Help Cure Cancer

Meet Consano, The Crowdfunding Platform That Wants To Help Cure Cancer

Crowdfunding has been a godsend for getting lots of projects off the ground that otherwise may not have attracted dollars from traditional powers-that-be in retail manufacturing, music, movies, and the like. So at a time when the federal dollars that typically fund medical research are under more constraint than ever, doesn’t it make sense to bring that same model that has worked so well for wristwatches and rock albums to work for curing breast cancer and new methods for lung transplants? That’s what Molly Lindquist believes, so she founded a non-profit organization called Consano for allowing people to browse through vetted medical research projects at select…

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Not surprisingly Kickstarter raises more money for artists than the NEA

Not surprisingly Kickstarter raises more money for artists than the NEA

During a session at the Aspen Ideas Festival, Aspen Institute president Walter Isaacson asked Perry Chen, founder of Kickstarter, whether it was true that Kickstarter now funds more arts-related projects than the National Endowment for the Arts. The crowdfunding site has, Chen told Isaacson, funded over $600 million in arts projects. “And,” said Isaacson, “that might be now more than the federal government spent on the arts in a given year?” adding a bit later that “in some ways… you’ve invented something that does what the NEA used to do and can’t quite do now.” Indeed, people have been saying since last year that Kickstarter funds more art-related…

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Double Fine Misadventure: First Major Kickstarter Game Hits A Snag

Double Fine Misadventure: First Major Kickstarter Game Hits A Snag

Tim Schafer writes candidly about his game ‘Broken Age’ running out of money, but this is just the nature of the beast. Once upon a time, there was a website designed to crowdfund small, creative projects—a garage band’s new self-recorded album; a short film; a dance video. That website was called Kickstarter. Then, along came Tim Schafer and Double Fine Adventure, the video game now known as Broken Age, which transformed the site into an indie video game crowdfunding platform overnight. Kickstarter termed it the “Blockbuster Effect.” Well, not just a video game funding platform, but these days many of the biggest projects—from the Ouya to Star Citizen…

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Why crowdfunding hasn’t caught on in Asia

Why crowdfunding hasn’t caught on in Asia

The popular fundraising method hasn’t stuck yet. It’s only a matter of time. FORTUNE — The crowdfunding industry made it clear it isn’t going anywhere last year. Popular crowdfunding platforms like Kickstarter and Indiegogo made it simple for entrepreneurs to fund their creative projects by soliciting donations from the general public. With more than 600 platforms worldwide, crowdfunding has grown from a $530 million industry in 2009 to nearly $2.7 billion last year, according to a recent study by Massolution, a research firm specializing in crowdsourcing businesses. The relatively new funding strategy — in which entrepreneurs receive donations often in exchange for small perks or gifts —…

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Crowdfunding For Environmental Change

Crowdfunding For Environmental Change

Crowdfunding is a tool for sustainable innovation and community building that could end up making our neighborhoods safer, our country cleaner, and our democracy more vibrant. Maybe there’s an unsightly vacant lot in your neighborhood that needs cleaning up. Or maybe Hurricane Sandy or an ExxonMobil oil spill devastated your community. Whereas residents previously had to rely on the government to lend a hand or pick up their own rusty shovel, they are now granted another promising option: crowdfunding it back to health. Crowdsourcing capital doesn’t just bring to market an innovative tech product or bring to theaters that movie you always wanted to be made; it also can…

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David Drake exclusive – Italy’s Growth Act Implemented Ahead of the American JOBS Act

David Drake exclusive – Italy’s Growth Act Implemented Ahead of the American JOBS Act

Italy has just circumvented the delay of the US in changing its laws in order for crowdfunding for equity to become a functional law and has now become the first country in the world to implement changed laws that support crowdfunding for equity, potentially a year ahead of the lethargic U.S. equity crowdfunding law. Crowdfunding has been changing the financial landscape of Italy ever since the Italian parliament voted to implement a crowdfunding law last December 17, 2012. It then tasked the Commissione Nazionale per le Società e la Borsa (CONSOB), the equivalent of the Securities and Exchange Commission in the U.S., to issue the applicable…

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David Drake exclusive – Italy’s Growth Act Implemented Ahead of the American JOBS Act

David Drake exclusive – Italy’s Growth Act Implemented Ahead of the American JOBS Act

Italy has just circumvented the delay of the US in changing its laws in order for crowdfunding for equity to become a functional law and has now become the first country in the world to implement changed laws that support crowdfunding for equity, potentially a year ahead of the lethargic U.S. equity crowdfunding law. Crowdfunding has been changing the financial landscape of Italy ever since the Italian parliament voted to implement a crowdfunding law last December 17, 2012. It then tasked the Commissione Nazionale per le Società e la Borsa (CONSOB), the equivalent of the Securities and Exchange Commission in the U.S., to issue the applicable…

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UK start-up investment website plans global expansion

"In the first five months of 2013 it raised £4,400,000 for 20 businesses compared with £840,000 for 11 pitches in the equivalent period of 2012." 
Photo Source: CrowdCube

LONDON | Wed Jul 3, 2013 11:58am EDT | By Kylie MacLellan (Reuters) – A British website which allows members of the public to buy stakes in small businesses is planning to expand worldwide, aiming to create a global platform linking investors to firms in need of funds. As banks rein in lending due to tougher capital rules and greater regulatory scrutiny, crowdfunding, which originated in the United States as a way to raise money for creative projects, has expanded rapidly as an alternative source of finance. “The ultimate aim is to build a network of crowdfunding sites in 25 to 30 countries … so the…

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Why London has all the ingredients for a successful startup ecosystem

startupweekendlondon

LONDON — Just a few years ago, startups seemed like the purview of a niche circle of hipsters, probably living somewhere trendy like Shoreditch or Dalston. But as I write this at a Starbucks in a leafy and residential suburb of West London, a group of lads sitting behind me are chatting animatedly about their startup’s “value proposition.” Indeed, two things became apparent during my week in London. The startup vernacular (meaning overused buzzwords like “big data” and “minimum viable product”) is hitting the mainstream business culture, and tech companies are emerging at an unprecedented rate. Recent estimates suggest that the Internet economy accounts for about…

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19th Amendment, Supporter of Indie Design, Is Crowd-Funding

forbes-kids

Wednesday, July 3, 2013, by Susie Kostaras: Boston is putting itself on the map as fashion-meets-tech innovation hub. From Kendall to Fort Point Channel, here are the start ups that caught our attention. The work of Emily Sawich, an example of a 19th Amendment designer Parsons grad Amanda Curtis encountered major hurdles when she set out to launch a clothing line with a sizable sum granted in what she calls a “Cinderella story.” The realization that her design background lacked practical training in how to actually produce a collection didn’t defeat her—rather, she embarked on a mission to build a platform for other designers in the…

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MicroVentures Making Most of the Crowdfunding Gold Rush

MicroVentures has automated equity crowd funding to the point that you can place your bets with just a couple of clicks. Playing armchair venture capitalist has never been easier. For investors registered with MicroVentures, an eight-person crowdfunding outfit based in San Francisco, opportunities to invest in young tech startups arrive via email. A link takes you to an eight-page summary of each company, laying out management bios, market size, competition and financials. You can also sign up for a webinar with the startup’s CEO. Or call up a MicroVentures broker who can speak for the company and relay questions to the founders. If you’re ready to…

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Kids Learn To Raise Money For Causes Using Crowdfunding

forbes-kids

Forbes Interview with PiggyBackr CEO Andrea Lo and more Andrea Lo, CEO of PiggyBackr, the crowdfunding site for kids to raise money for their teams, their projects and their causes, joins me along with several of the kids who have been raising money. We’ll be live at 3:00 PM Eastern on Wednesday, July 3, 2013. Each of five young people who have been raising money on PiggyBackr will share the lessons they’ve learned about crowdfunding: Alexa Adams, an undergrad at UC Davis, raised over $2,500 to fund development of a Google GOOG +0.46% Glass app for the deaf. Abril Vela raised over $5,700 to fund a…

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Seedrs: investing in startups should be more the masses, not just the elite

Seedrs: investing in startups should be more the masses, not just the elite

The financial services has a history of democratising banking, and as more and more incredible startups emerge we need to ensure that democratisation includes investment and funding, says Jeff Lynn. “This is the time for investing in startups,” the cofounder and CEO of equity crowdfunding platform Seedrs told a packed room at Wired Money in Canary Wharf. “And we need to get that investment out of the hands of the so-called elite and into the hands of the masses. That’s what w’re trying to do.” Seedrs has been up and running since 2009 and has secured 28 deals to date, with its latest figures showing a 70 percent…

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