Blog‎ > ‎

Crowdfunding platform moves to next phase

posted Jun 28, 2014, 10:44 PM by Siamak Ebarhimi

LARAMIE – Rural Wyoming could have more customized access to Internet-sourced funding soon as the Local Crowd LLC rolls out a crowdfunding incubator test.crowdfunding marketing

The incubator is the escalation of a Phase 0 U.S. Department of Agriculture Small Business Innovation Research award the company got in 2013 to feel out the market. After exploring the options, the company attained a Phase I grant that founder Diane Wolverton told the Business Report in January could be worth up to $150,000.  crowdfunding advertising

Now, Wolverton and co-founder Kim Vincent are seeking out proposals from Wyoming communities “interested in receiving a local crowdfunding platform designed to stimulate local investment and entrepreneurial growth.” 

“We are pleased to announce an opportunity for a Wyoming community to participate in a pilot study on the use of crowdfunding as an economic development tool,” the pair said in a release. “It is well known by economic-development professionals that strong rural economies require strong entrepreneurs who can start businesses and create jobs.”indiegogo marketing

And for many, that means access to non-traditional capital that can be hard to come by in a small town.

The winner of the Local Crowd’s request for proposals will be the test site for a tool branded to a community and its residents. The model, the release stated combines the power of Internet crowdfunding with a strong educational focus designed to increase the knowledge base and sophistication level of rural entrepreneurs and investors.kickstarter marketing
“The model represents a catalyst for community involvement that will anchor it into rural communities by working directly with local economic-development groups,” the release stated, saying the pilot community will receive access to a program valued at $25,000. kickstarter project

“We want to work with a strong community that offers a great network of businesses, entrepreneurs, residents and community leaders that can understand this vision and help champion this research,” the release said, adding that economic developers should be the ones to respond to the request for proposals.CrowdFunding advertizing

Posted from:

By David Khorram