CrowdBnk offers £10,000 for best business ideas
Howard Lake | 16 January 2013 | News
Social investment crowdfunding platform CrowdBnk is offering prizes of £10,000 to help a new business get started or develop faster. Their competition is free to enter and anyone can submit an idea, including charities and social enterprises.
The £10,000 will be given to the ideas that "generate the most excitement" in terms of pledges.
The top prize of £7,000 will be awarded to the idea that manages to raise £10,000 fastest, while another £3,000 will be given to the idea that gets the most "watches" and social media shares.
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To participate you must form a team of between two and five people, and your project "must not be listed on any other fundraising or crowdfunding platform anywhere in the world".
The competition will run from 31 January to 3 March 2013.
Crowdbnk is regulated by the FSA and aims to enable new entrepreneurs to raise funds from the public markets.
www.crowdbnk.com/projects/competition
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About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.