Looking to gain funding and attract customers through crowdfunding? Wondering how crowdfunding works for business?
Millions of pounds are spent every year on crowdfunding projects around the world, and there are numerous ways for businesses to take advantage of it in order to grow and develop.
Thanks to crowdfunding, individuals, businesses, charities and community groups are now able to present projects to a huge audience, while requesting financial support in exchange for products or services.
One of the main uses of crowdfunding websites, like Kickstarter and IndieGoGo, is as a platform to launch prototype products and attract investment from customers. This in turn creates the vital capital needed to finance a large scale manufacturing process.
Crowdfunding has been operational for some time in the USA and the UK, but the creation of Scottish crowdfunding platform Boom VC is an exciting new development in sourcing finance for SMEs in Scotland.
Bloom VC, the brainchild of two Scottish female entrepreneurs, offers a platform for local groups and businesses to post their projects, and also gives guidance on how to maximise your chances of success.
For more information and examples of funded projects, visit www.bloomvc.com