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Business & Finance

Companies crowdfunding for funding proper now – from medical know-how to a kombucha brewery

From libraries lending cement mixers to kombucha breweries, all types of companies are attempting to make use of crowdfunding to develop their concepts and discover new markets.

Right here at BusinessLive we have seemed across the nation for eye-catching examples of corporations on the lookout for public help for what they do.

Crowdfunding has been utilized by companies for a while, and has additionally proved common through the pandemic as corporations and organisations compelled to shut or rework quickly look to search out methods of funding their work.

Our case research embrace a Midlands medical know-how agency that wishes to roll out using small protecting “tents” which could be deployed in seconds by medical workers finishing up procedures similar to intubation or CPR.

We additionally function a well known people band that is crowdfunding after being unable to tour for a 12 months.

In Yorkshire the Library of Stuff is aiming to construct a group of helpful gadgets that may be loaned out, starting from a ukulele to a cement mixer.

Within the South West, a catering agency desires to show a transport container right into a meals preparation kitchen for smoked meats and sizzling canine.

Crowdfunding can provide folks the possibility to have a stake in corporations they help – and can be utilized by corporations unable to get funding by way of extra typical routes. Anybody trying to put money into any firm or use crowdfunding for his or her enterprise ought to at all times do cautious analysis and think about any threat concerned.

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