Another great talk on crowdfunding and what it takes to successfully crowdfund a project or idea. Joanna Lamek talked about:

  • What is crowdfunding? Benefits and types of crowdfunding for inventors. Things inventors need to consider before launching crowdfunding campaign Which crowdfunding platform is right for your project. Industry Statistics
  • Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people. Single platform that allows you to build, showcase and share your business idea.
  • Access to Capital, Reach, Validation of Concept, Marketing & PR, Efficiency, Easy Process, Pre-selling, Brainstorming, Early Adopters & Loyal Advocates, Refine Your Idea, Media Exposure
  • 80% of ventures that failed to reach their funding target felt that they would be willing to try it again and half would recommend equity–based crowdfunding to others. Kickstarter Success Rate : 36%. Average successful crowdfunding campaign is around $7,000. Campaigns that can gain 30% of their goal within the first week are more likely to succeed
  • Inventors Association of Australia – SA is a group of like-minded people, who enjoy the creative process and become a sounding board for new ideas. To learn more about the organisation visit