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What is Crowdfunding and Can It Help Inventors?

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What Is Crowdfunding?

As Crowdfunding has grown in popularity, you’ve probably heard the term.  But what is it exactly and can Crowdfunding help inventors?

The dictionary defines crowdfunding as “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.”  Sounds pretty simple, right?  Well, yes and no.

On April 5, 2012, President Obama signed into law a new provision.  The provision makes “crowdfunding” legally available as a means of raising capital for startup companies.

But anything regulated by the government can get complicated fast.  The actual legislation will have a particularly substantial and immediate impact on the way capital is raised for very small, less ambitious startup businesses.  Regulations by the SEC will likely emerge as well.

So like I said, complicated.  But there are excellent resources available for you to learn how to use Crowdfunding to your advantage.

Where to Get Quality Information on Crowdfunding

Colorado Crowdfunding Meetups (see the link below) will offer you a more in depth explanation on Crowdfunding.  They will tackle the who, what, where, when and how of securing funding using this new, innovative approach. It’s a great resource for learning more about it and how it can help you.

Colorado Crowdfunding Meetup Group

Crowdfunding has unique potential to get you the money you need to start or grow your business.  Anything with this kind of game changing potential demands a second look.

Other Resources On How Crowdfunding Can Help Inventors

Crowdfunding has become a very hot topic since April 5, 2012.  If you think you have a great idea that deserves a chance to make it to market, check out the following company for potential financial backing: Archimedes’ Offspring.

You can also check out my other blog post about Crowdfunding here: The Reality of Crowdfunding.

I’m fond of saying knowledge is power.  Getting your idea to market is YOUR dream and arming yourself with as much knowledge as you can only stands to improve your chances.  Crowdfunding can help you as an inventor if you take the time to do it right.

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