Uncategorized July 10, 2012

Kickstarter to kickstart UK operations late 2012

Crowd-source funding website Kickstarter is to launch in the UK this Autumn, bbc.co.uk reports.

The arrival of the company could be a game-changer for UK businesses who require funding beyond what the bank can - or even can't - provide.

The company, which started in 2009, has helped to fund more than 20,000 US-based projects, thanks to its community of donators, who are willing to pay out of their own pocket to see a project funded.

Kickstarter.com explains that cash is only awarded should it be fully-funded before the project's time expires. If this doesn't happen then no money changes hands.

Pledges can range from anywhere between $1000 all the way up to $1,000,000 - and beyond.

A growing number of UK companies who wanted to begin raising finance have already attempted to fund their Kickstarter projects by setting up US-companies, or merging with existing ones.

Isle of Wight-based Stainless Games for example, the team behind the classic video game Carmageddon, recently raised $625,143 (£402,357) to help them to create a sequel.

Information about Kickstarter's specific date of arrival in the UK remains scarce. However the company promised that it would definitely be in within the third quarter of the year.

A Tweet from Kickstarter read: "People in the UK will be able to launch projects on Kickstarter starting this autumn. More info soon!"

Our gift to you...

Apply now for your personal leadership consultation with a Vistage Chair. They'll help you assess areas of strength of your business and identify areas of potential growth.

Apply Now

    Subscribe Here!