Crowdfunding has become a popular way for many startups to get some necessary funding for their projects. It is another option available if entrepreneurs cannot accumulate the needed funds from venture capitalists. Through crowdfunding, many startups can have direct line to people interested in their proposed projects. Websites such as Kickstarter and Indiegogo have made crowdfunding even more popular online.
When it comes to competition, Indiegogo may still have a long way to go compared to Kickstarter in terms of enticing startups to set up funding campaigns on their website. But it has been doing certain things in order to help startups and other people to gain more interest in setting up their campaigns. Indiegogo is offering a new pilot program that will enable successful projects to continue obtaining funding even after reaching their targets or deadlines.
Indiegogo’s pilot program pilot will allow campaigner’s to continue getting funds from the online public even after reaching their funding goals or targets. It will make drum up some interest from startup businesses, artists and even activists in trying to obtain funding for their chosen projects even after reaching their funding targets. Initially, the pilot program will be available for selected successful projects. Eventually, Indiegogo says that the program will become available for all successful Indiegogo campaigns