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US-based crowdfunding platform to launch in the UK

Budding entrepreneurs urged to build their creative projects with Kickstarter

Kickstarter the world’s largest funding platform for creative products is set to launch in the UK tomorrow.

Started in the US in 2009, Kickstarter enables users to build an innovative project through the platform, before sharing it to a community of prospective funders.

With over $350m pledged to support more than 30,000 creative projects to date, Kickstarter has brought its growing funding platform to the UK, joining a raft of other crowdfunding providers.

UK creators are urged to begin building their projects on the platform as early as possible, before launching it to prospective funders from October 31.

Interested backers are then required to pledge the total sum of required money to support the development of the project, which must be within a creative sector such as art, music or theatre.

More than 2.5 million people have so far pledged money to support innovative projects through the platform, which stipulates that backers must not receive equity for their investments.

Co-founder of leading British equity crowdfunding start-up Crowdcube is hopeful that the UK launch of Kickstarter will help raise general awareness of crowdfunding opportunities for budding entrepreneurs.

He said: “It’s exciting times for the UK crowdfunding industry. The buzz created by the much-anticipated launch of Kickstarter in the UK will raise awareness of crowdfunding.”

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