Securing Sponsorship 2
Following on from Roberts post earlier today I have been looking into an alternative form of sponsorship.
Crowd funding websites are becoming an increasingly popular way of raising money to fund your project.
“Kickstarter” is the most famous of these. It works by a large amount of people pledging a small amount of money. The site give you the opportunity describing the project and tell people about yourself. You set the amount that you needto raise and the duration of the project. However if the target is not reached in the allotted time no money changes hands. This is designed to protect both sides. You are required to offer incentives or “rewards” to those who donate. There can be numerous levels of rewards for different amounts. A limit can also be set on the number of each reward. The rewards are usually to do with the projects themselves. For example, if it is a film you can offer a credit or a DVD copy of the film. If the target is reached before the deadline the collection goes on so it is possible to receive more than you ask for.
After working with this website for a while I discovered that you cannot sign up to receive payments from outside the US.
Fortunately I found an Irish version called “Fund it” that works on the same principles. We are preparing a submission for fund it that will be launched when the website is relaunched.
We are looking for €500. This will be used to buy an iPad as a major incentive to encourage people to submit content. The idea is that if you submit something then you will be entered in to a draw for the iPad.
The rewards we will be offering are in three levels:
- People that donate €1 or more will receive a “funder” credit.
- People that donate €5 euro or more will receive a “funder” credit and a copy of the film on DVD.
- People that donate €10 or more will receive an “executive producer” credit and a copy of the DVD.
It may not succeed but the way we see it fund it is as risky and the chances of success are the same as any other type of sponsorship effort. The time commitment is also quite low so we thought we may as well give it a try. We are currently thinking for 28-35 days but that has not been decided at this moment.


