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  Features

Mayor Greg Fischer Newsroom


Workshop to Connect Small Businesses with Crowdfunding Capital

Wednesday October 26, 2011

Year’s goal is to raise $100,000 for local businesses, entrepreneurs

Mayor Greg Fischer announced today that his new Office for Innovation is providing a unique workshop to explore crowdfunding resources for small and new businesses. The “Crowdfunding Means Business” workshop will concentrate on connecting businesses with Kickstarter.com, a platform for creative projects. It is scheduled for Wednesday, Nov. 9 at 6 p.m. at the Main Library, 301 York Street, in the Centennial Room.

This workshop is for new and small businesses that are interested in finding out about online crowdfunding resources. This particular workshop will focus on Kickstarter.com, a popular funding platform for creative projects in fields such as art, dance, design, fashion, film, food, games, music, photography, publishing, technology and theater.

“We want to encourage entrepreneurial thinking in Louisville as part of our all-out-effort to create jobs and grow the local economy,” Fischer said. “Some of the greatest ideas started out small and just needed a boost to be successful -- and that’s what these workshops are about.”

Crowdfunding (sometimes called crowd financing or micro-financing) is a new and growing method for small businesses and entrepreneurs to raise funding. Instead of the traditional approach of seeking a bank loan, individuals can connect with friends, colleagues and others through social media to seek capital.

Businesses or individuals who want to submit proposals for possible crowdfunding must do so by the Nov. 9 workshop. For an application, contact CAP Enterprise at 574-5866 or email: Capenterprise@louisvilleky.gov. There is a screening process to determine if the submitted project is appropriate for this workshop. Although the workshop is free, registration is required. Contact 574-5866 or CAPenterprise@LouisvilleKy.gov or sign up on Facebook.com/LouisvilleCrowd.

Additional workshops on other crowdfunding platforms will be held at later dates. The goal of this initiative is to attract $100,000 of revenue to small businesses in Louisville during the next 12 months.

The workshop is sponsored by Mayor Greg Fischer and his Office for Innovation, the Department of Community Services and Revitalization, CAP Enterprise program, the Jewish Family and Career Services’ The Center for Enterprise Development, H2Communications and Limelight Media. The CAP Enterprise program is funded through a Community Development Block Grant from the Department of Housing and Urban Development.