Crowdfunding is one such new source of financing which harnesses the power of the crowd to fund new ventures. It is already quite prevalent in the area project specific funding in the social and creative sectors with big players such as Kiva and Kickstarter facilitating a large number of investments to individual projects or companies
NESTA is currently undertaking a large scale research project looking at new sources of finance aiming to create a more diverse market in finance provision and fund those ventures that would otherwise find it difficult to access the capital they need. They are looking at all the various models of crowdfunding currently existing in the market, the people who are lending through them and the ventures that are seeking this new type of finance. They will be examining the current regulatory environment and seeing if and how it needs to adapt to the changes brought about by these emerging instruments.
Founded in 2010, the industry website, Crowdsourcing.org, is a neutral organization dedicated solely
to crowdsourcing and crowdfunding. As one of the most influential and credible authorities in the crowdsourcing space,
Crowdsourcing.org is recognized worldwide for its intellectual capital, crowdsourcing and crowdfunding
practice expertise and unbiased thought leadership.