Entrepreneurs of the cyber generation are turning innovative ideas into reality through crowdfunding. Source : Flickr Tanalyn Dollar Photograph: (WION)
Entrepreneurs of the cyber generation are turning dreams into reality through crowdfunding
Ideas can change the course of history but they don't count until executed. Entrepreneurs of the cyber generation are turning innovative ideas into reality through crowdfunding. Crowdfunding helps raise funds for revolutionary projects by letting masses contribute small amounts, framing a social link for people to participate in a common goal.
Here's a list of some of the most powerful concepts and causes that the won support of millions.
Source : Stower
The Idea - Charges USB-powered devices with fire
Funds raised - Flamestower raised $23,000 from crowdfunding after asking for $15,000.
The gizmo utilises heat from a flame to generate electricity and charge USB-powered devices. The initiative came from Stanford University’s StartX, a startup accelerator, which launched a Kickstarter crowdfunding campaign to bring the alternate charger to the market.
2. Waka Waka Power
The Idea - A portable solar power kit for when there is no electricity
Funds raised - WakaWaka Power hails from Haiti. Producer of world's most efficient and compact solar chargers, the company raised nearly $420,000 after an initial request for $50,000.
In the past three years, WakaWaka has helped improve the lives of more than 1,000,000 people lacking access to electricity.
The Idea - A device that produces light using gravity, and costs nothing
Funds raised- Indian project Gravity Light raised $400,000 from crowdfunding after requesting $55,000.
Gravity Light aims to eradicate usage of kerosene lamps. The firm highlights their dangers and extensive health and environmental hazards.
4. Energy for Old Fadama
Source : Efor Fadama
The Idea - Providing safe, sustainable power to Ghana's largest urban slums
Funds raised - The Ghanaian effort raised $17,000 on the social crowdfunding platform StartSomeGood
Energy for Old Fadama has played a significant role in distributing solar panels and employing women with the long-term aim of empowering the urban slums in Ghana. The slums have a history of power shortages and electrical fires.
Source : Kinyei
The Idea - Creating a collaborative project space and coffee shop that trains locals for employment
Funds raised - The social enterprise raised $28,000.
Kinyei Cafe’s mission is to provide vocational training and fair employment for Cambodian youth. Its workshop brings together NGOs, laying emphasis on staff development through mentorship and other initiatives. The cafe was also the winner in the Most Inspiring Responsible Tourism Initiative category for the 2015 Wild Asia Awards.
6. Humans of New York
Source : Facebook, Humans Of New York
The Idea- To end bonded labour in Pakistan
Funds raised- Humans of New York on Indiegogo raised $2.3million last month
Syeda Ghulam Fatima aspires to rehabilitate trapped workers through her organisation, Bonded Labour Liberation Front. It establishes Freedom Centers where workers can seek protection and legal counsel. Fatima had exhausted all her financial resources to build the organisation when she took up the issue with Brandon Stanton, the founder of “Humans of New York.” They have initiated several crowdfunding projects in the past to support different causes.
(WION Edge with contributions from Shashwat Mittal and Devanshi Verma)