Presentation about Crowdfunding for the Federation for Asian Cultural Promotion at their conference in Solo, Indonesia.
"Every production needs financing. Some (local) governments offer loans or subsidies to artists and entrepreneurs, some people receive investments or gifts from friends and family, but in the current financial crisis it can be difficult to raise enough funding to finance your production.
Luckily a new way of funding is available: Crowdfunding. Crowdfunding is a collective effort to raise money (or resources) to realize a project that is started by other people or organizations. Instead of having one large funder, you have hunderds of funders who are also the ambassador of your project. Worldwide this is already used by millions of people and in 2011 $1,5 billion was raised through crowdfunding.
In this presentation I will discuss the concept of crowdfunding. How did it start? What type of crowdfunding business models are there and how do you crowdfund successfully? Can you use it for all projects and organizations? How does this change the way of working?
I will give an introduction into the world of crowdfunding. Using successful cases from the Art and Culture industry from the US, Europe and Asia, this presentation is interesting for everyone who want to know more about crowdfunding, whether you want to use crowdfunding for your own project or start a crowdfunding platform as an organization to help people in your network to raise funding."