Posted on March 27, 2013 by Terrence Isert

Crowdfunding platforms are becoming the rage as entrepreneurs and individuals with a creative flair search for typically small-scale financing options. Imagine you are an individual entrepreneur with a great idea or a local project with real potential for social impact in your community but no money to get it going. Or a charity that needs to go beyond its traditional and fatigued donor base to expand its outreach in its community to just a few more poor households. What do you do? You turn to what is known as a crowdfunding portal where you upload your story, even a photo or two, and socially-minded individuals, anywhere in the world can read your story and send you the capital, piecemeal and small-scale to get going. Kickstarter or Indiegogo,  the successful leading sites have spawned a “crowd” of new crowdfunding sites, as Inc. magazine reports. Newcomers such as  Microryza, Petridish, and Iamscientist now provide a way to raise money only for scientists and scientific research. Razoo and GoFundMe works their magic for charities and nonprofit organizations.  exclusively. Cause to Fund and ioby specialize in the local community impact projects, such as homeless projects, community gardens and neighborhood clean-ups.  Read the full article here.