KATHMANDU, Oct 31: The social media has backed a new way of fundraising – crowd funding. Those who have brilliant ideas and creative projects that haven’t been able to materialize because of the lack of finances can now work the financial burden through the use of the social media on crowd funding platforms.
From politicians to musicians to entrepreneurs, the trend of raising small amount of money from a large audience has picked up around the world and Nepalis are not far behind.
For his movie Highway, Producer and Director Deepak Rauniyar raised funds through the crowd funding website Kickstarter. The project was able to raise a $33,647 of its pledged $33,000 goal in November 2011. The band Space Cake Break launched a campaign of another platform, Indiegogo to fund their EP, but couldn’t reach their $2,850 goal.
Read More at Republica