Caribbean Crowdfunding Is Here

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Caribbean crowdfunding is well overdue.  The Caribbean has its own unique needs, so having a crowd funding platform specifically for the region, is a very welcome and bold move.

Caribbean Crowdfunding

Caribbean Crowdfunding

What is Crowd Funding

According to Forbes, crowdfunding is “the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.”  There are quite a few well known crowdfunding platforms that have been around for a while now.  Be sure to do your homework before getting involved with any crowdfunding platform because some platforms are all or nothing.

  1. Chuffed.org
  2. Fundly
  3. Crowdrise
  4. Indiegogo
  5. GoFundMe
  6. Kickstarter
  7. Buzzbnk
  8. JustGiving/Yimby
  9. Pozible
  10. Startsomegood

Caribbean Crowdfunding Platform

Pitch & Choose is the first regional crowdfunding platform for the Caribbean.  They serve alumni associations and non-profits by pooling donations for social and creative ventures.  The platform is easy to use, all you have to do is follow the guidelines and you are ready to go.

Register: Register as a Pitcher

Create: Prepare your Campaign: Video Pitch, Script and Rewards, if any; and tell your friends about it.

Launch: Submit your campaign for Choosers to fund.

Promote: Tell everyone in your social circle about your campaign and invite them to spread the news and to become a Chooser.

Update: Keep your campaign fresh and alive with periodic updates

There are many ways you can participate on Pitch and Choose, you can be a donor, sponsor, benefactor or  patron. For more information, do take a look at the eligibility criteria and the FAQ page

There is a 10% platform fee with a minimum of $120US.   Please note that the cost of wiring funds will also be deducted.

Meet The Team

Cecile Watson – CEO & Founder

Neil Watson, Logistics and Operations Director and Co-Founder

My Favourite Project

My favourite project on the Pitch & Choose Platform is FundRiseHer.   I love this project because it supports women entrepreneurs in the Commonwealth.  According to the site:

FundRiseHERTM is a crowdfunded grant program to empower growth-oriented women entrepreneurs to make a bigger impact on growing Caribbean economies. It is designed so that as a community, we can all participate by giving and/or sharing in a way that will grow our island economies through entrepreneurship.

And here’s some big news!  It’s not only for the Caribbean.  FundRiseHERTM is a proof of concept for crowdfunding for the Commonwealth.  Yes, the Commonwealth.  So despite having its origins in the Caribbean, we have the opportunity to roll this model throughout the Commonwealth and to impact the world.  The Commonwealth Businesswomen’s Network is onboard and has been engaging with us to make this happen

Their goal is to raise 1 million US dollars for collective campaigns that will support 50 women entrepreneurs  in at least 10 Caribbean countries.   So far they have the backing of Barbados, Bahamas, Belize, Guyana, Jamaica, Martinique, OECS, St. Maarten and Trinidad & Tobago.

 

 

Resources

Prive, T. (2012).  What is crowdfunding and how does it benefit the economy?  Retrieved from http://www.forbes.com/sites/tanyaprive/2012/11/27/what-is-crowdfunding-and-how-does-it-benefit-the-economy/#7a2787e4ed49

 

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