Contents
Overview
Indiegogo is an online, crowdfunding platform. Campaigns range from humanitarian efforts, to art projects, to new and exciting tech projects. Anyone with a valid bank account can set up a fundraising campaign on Indiegogo. With the combination of a crowdfunding platform and a marketplace for successful campaigns, Indiegogo is the go-to platform for creators that realise their ideas and want to bring them to people. According to Indiegogo, “[its] mission is to empower people to unite around ideas that matter to them and together make those ideas come to life.”
In the years since its founding in 2008, over $1 billion dollars have been raised in more than 11 million separate contributions to almost 300,000 unique campaigns. Indiegogo has been used by more than 15 million people across the world. There have been campaigns launched in 223 countries, with 30% of campaigns starting outside of the United States. Nearly 50% of Indiegogo campaigns are run by women, and approximately 19,000 new campaigns are launched per month.
Starting a campaign is free, but Indiegogo charges a 5% fee on all funds raised (actual contributions not goal). In addition, the credit card processor charges a 3% + $0.30 fee for each transaction. There is also a $25 fee for international wire transfers.
Purpose
Indiegogo exists to help those who need to raise funds for enteprises, projects or social causes.
Distinct Differences From Other Offerings
Unlike many other resources, Indiegogo is a funding platform, crowd funding. It accepts any fundraiser on its platform not just those directly geered towards entreprenuership and innovation. Its accessibility and use is as easy as setting up your fundraising campaign on its platform although your campaign's success will mostly rely on spreading the word.
Impact Achieved for Students and Campus
Some campaigns have been able to raise hundreds of thousands of dollars on the platform. These campaigns have included product designs such as a salt shooting shortgun to kill flies, disaster recovery effort such as the rebuilding of Joplin Mosquein Joplin Missouri following a fire.
Steps Required to Bring Resource to Campus
This resource is available to anyone who is ready to fundraise via crowd funding mechanism, and with internet access. Teams or individuals on campus need only be aware of this resource/fundraising option.
Contact Information
For questions about the site, please visit: http://www.indiegogo.com/contact/questions. IndieGogo's Customer Happiness team can be reached 7 days a week and will responsd within 24 hours.