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CROWDFUNDING OPTIONS FOR IRISH STARTUPS:  

Crowdfunding is the financing of a new project by raising many small amounts of money from a large number of people.
Advantage: Access to capital without equity stakes or rigid bureaucracy.
Disadavantage: A lot of projects never get off the ground which can be frustrating given the amount of time you can spend setting up the campaign.
 
The following are the main crowdfunding platforms in Ireland:


iCrowdFund:

An Irish crowdfunding company from the same people that developed iDonate, iFundraise and iRegister.
Rate: 4% commission
Website: www.icrowdfund.ie


Fundit:

An Irish owned not for profit organisation working to support resilience and transformation in the cultural sector through research, innovation and partnership.
Rate: 5% commission
Website: fundit.ie


Linked Finance:

Another Irish owned crowdfunding site with favourable commission rates. Minimum amount of €5000; maximum of €250,000 with terms of up to 3 years.
Rate: The rate you pay is determined by a credit evaluation process. The rates available range from 6% to 17.5% depending on the loan grade and term. There is a completition fee of up to 5% of the total loan amount. There is also an application fee of €99 plus VAT.
Website: www.linkedfinance.com


You might also want to check out some of the international crowdfunding platforms open to Irish startup projects: 

Kickstarter:

Having funded over 140,000 creative projects since 2009 Kickstarter are a big global player in crowdfunding.
Rate: 5% commission
Website: www.kickstarter.com/ireland  


Indiegogo:

Indiegogo are another big player in international crowdfunding.
Rate: 5%. The credit card processor (Stripe) charges 3% and 30 cent per transaction.  
Website: www.indiegogo.com/
 

SPARK:

Ireland's first equity crowdfunding platform.The crowd then subscribes for shares in the company and if the target amount of money is reached the company issues new shares to the investors.
Website: http://sparkcrowdfunding.com/

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