FUNDING projects is difficult at the best of times. However, an Irish initiative fund has successfully 100 per cent crowd-financed 275 projects in the past year; projects which otherwise would never have seen the light of day. Many of the projects range from small festivals to feature films, which, in their own right generate business for the wider community.
In America where the concept of crowdfunding originated, it is estimated that crowdfunded projects have a multiplier effect of seven to one.
Playwright Enda Walsh raised €16,000 via the Fund it route for his award-winning play, Misterman, starring Cillian Murphy. The work toured Ireland and then went on to open in New York and London, creating several theatrical jobs for otherwise unemployed technicians and stage hands.
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.