Crowdfunding: Can it revitalize university research programmes?

 By Tadhg Walker

Crowdfunding continues to shake up the traditional way many projects are funded. Universities and academics, conventionally in the firm domain of state funding, are turning to crowdfunding websites to raise money for their research activities. There are successes emerging with this new source of funding, with many research projects securing the money they need to undertake their work.

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Cheers all round: 1st equity crowdfunding campaign in New Zealand raises $700k

By Crowdfund Vibe staff writers

Renaissance Brewing Company has something to celebrate, apart from this weekend’s convincing win by the All Blacks over their fierce rugby rivals, the Australian Wallabies. On Saturday it successfully closed the first capital raising under New Zealand’s new equity crowdfunding laws after just 10 days.

The Marlborough craft brewery launched a campaign to raise NZD $600,000 on 13 August 2014, on the country’s new equity crowdfunding platform, Snowball Effect. Reflecting the strong interest in this new form of fundraising – and no doubt with the added attraction of some free product with its shares – Renaissance reached its initial goal on 21 August. The campaign closed yesterday when a total of 287 investors helped it achieve its funding cap of NZD $700,000.

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Telecom NZ changes its name, launches Spark My Potential crowdfunding initiative

 

By Kat Jenkins (with Crowdfundvibe staff writer)
from Multitude

On Friday 8 August Telecom New Zealand changed its name to Spark New Zealand. At the same time the renamed Spark Foundation announced the launch of a flagship new crowdfunding initiative, Spark My Potential.

The new platform is a zero fees, pledge-based website where selected candidates are able to access expert crowdfunding coaching, opportunities for increased public profile, and – in some cases – matched funding from Spark. It’s an extension of hugely successful online fundraising platform givealittle, which the Spark Foundation purchased in 2012.

As Spark NZ CEO, Simon Moulter, effuses, givealittle is changing the way New Zealanders fundraise. Since 2012, donations on the site have grown to more than a million dollars a month and we’ve just celebrated our biggest month ever in July. We want to build on this incredible platform and do more to help New Zealanders realise their dreams and achieve their goals.”

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