An Introduction to UK Crowdfunding and Start-Up Financing

Start Up Funding – New Product Idea? How to raise finance

There are a number of avenues to raise funds for a new idea. We have presented a few of the most popular methods (such as crowdfunding in the UK) in our guide, but it is not an exhaustive list. The aim is to give you vital information on how to increase your chances of successfully acquiring financing, whether you are using on-line methods such as Crowdfunding or a more traditional approach like pitching your product to industry.

For more information, download our free guide: Start Up Funding

UK Crowdfunding - Raising Finance Brochure button

Starting a crowdfunding pitch or got an idea that needs developing for a crowdfunding pitch?

Request one of our information packs to find out more about patenting and protecting your invention prior to launching a crowdfunding campaign. Also included are idea submissions forms and a confidentiality agreement to get a free idea review from Innovate on the next best steps for your idea. Request a Free Info Pack Here

Process

Crowdfunding is “the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.”

There are three main models of crowdfunding available in the U.K.:

  • Reward Based Crowdfunding
  • Equity Based Crowdfunding
  • Bank Loan

For more info please download our guide: “Start up Funding” – New Product Idea? How to raise finance.

Innovate can provide you with the crowd source funding necessities to create an effective business crowdfunding campaign:

  1. Professional product or idea visuals that tell your story.
  2. 3D model and consideration of manufacturing constraints.
  3. A prototype
  4. Designing rewards that matter and stand out.
  5. A video and description that explains the story behind your project.
  6. Patent Protection of your project

Some of the Equity Crowdfunding websites

kickstarter2

www.kickstarter.com

indiegogo logo

www.indiegogo.com

Project creators set a funding goal and deadline. If people like a project, they can pledge money to make it happen. Funding on Kickstarter is all-or-nothing — projects must reach their funding goals to receive any money. All-or-nothing funding might seem scary, but it’s amazingly effective in creating momentum and rallying people around an idea. To date, an impressive 44% of projects have reached their funding goals. Indiegogo is a crowdfunding platform where people who want to raise money can create fundraising campaigns to tell their story and get the word out. Indiegogo is also a place to discover what people all over the world are passionate about and how to get involved.
rockethub

www.rockethub.com

crowdfunder

www.crowdfunder.co.uk

We see ourselves as your partner. So, we’ve designed everything – our site, systems and support – to help you achieve your goals today. And, we are working with governments, educators, and communities to make sure your opportunities for success will expand tomorrow. Crowdfunder helps fund a number of projects, big or small, that aim to change the world a little or a lot. Since our launch in 2010, the Crowdfunder network has raised over £500,000 for great ideas, people and projects.

wefund.com

innovate-product-design
Wefund launched on 5th October 2010 as the first crowd-funding platform to emerge in the UK, focusing on creativity in all forms. We help people find (paying) audiences for their work. For more information on Crowdfunding, download our free guide: Start Up Funding & Crowdfunding