The Spark Project is a community for Filipinos to support and crowdfund projects that are creative, innovative, and passion-driven. It is a local platform that showcases projects to like-minded people who are willing to pitch in money for something compelling and worthwhile. These supporters, called backers, get rewarded when they fund a project. These rewards may range from a personalized thank you note to a limited edition product; all mindfully conceptualized by the project as a thank you to their backers.
What Crowdfunding Is
Crowdfunding is a new term but an old and simple concept. It is the pooling small amounts of money from a large number of individuals to fund a project or venture. It leverages on web technologies such as e-commerce and social media, making it accessible and convenient for anyone interested to show support. A form of fund-raising activity, but unlike donation-based systems, it heavily anchors on a rewards system. It is a very public way of raising funds for you project where transparency is key.
Benefits of crowdfunding
Crowdfunding is usually associated with raising funds. But most successful crowdfunders would say that the money they raised through crowdfunding is just icing on the cake.
Crowdfunding is a good way to test your market and validate your idea, build your community, and get feedback from your customers. Not to mention the possible opportunities that could spin off from a successful crowdfunding campaign.
For the Backer: Support a project and get rewarded for chipping in.
When you go through the different funding campaigns on the site, you’re bound to discover awesome projects from people just like you. Watch their video pitches and be inspired by their stories. Once you’ve found a project that you’d like to support, back the project and get a reward in return. These rewards may range from a personalized thank you note to a limited edition of a product; all are mindfully conceptualized by the project as a thank you to their supporters. Keep updated about the project’s progress and get in touch with the creators personally.
Got other questions? Email us at email@example.com.