Can Students Take Over Kickstarter?

The power of the crowd has already helped many businesses and organisations (large and small) secure funding and/or quality ideas and designs with impressive results. Crowdfunding in particular has become the preferred tool for fundraising where traditional avenues are still proving impossible to access or simply not delivering essential funds needed. The benefits of crowdfunding, however are limited to businesses and organisations. Students who normally rely on government funded organisations, such as the National Endowment for the Arts (NEA) in the US or the Arts Council England, should consider looking to crowdfunding especially at a time when such organisations are facing severe funding cuts.

An infographic produced by the team at OnlineBusinessDegeree.org, a platform that provides information on a variety of online business degrees, illustrates the successes and benefits of crowdfunding, that students might find interesting.

A higher pitch success rate, ease of access, a wide variety of categories with even eccentric ideas receiving full funding (e.g. the Robocop statue), the future may well see students taking over Kickstarter.