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One of its clients, Mokacam, is a 4K camera which raised over a million dollars on Indiegogo. The accelerator consults with crowdfunded brands, from conception to completion. With crowdfunding as an option for product launches, individuals as well as small businesses have a chance to put an idea out there and let future consumers vote with their money, he added. "Why does everything new have to be completely secretive? Why don't you put it to the people - let people decide what they want and create it," said Kan.
Our specialty is to craft a story."Ī crowdfunding accelerator takes on campaigns with fully working prototypes, ensuring that they can deliver to their customers once funded, a strategy Kan told CNBC was in keeping with the company's efforts to democratize product innovation. "There's still a lot of projects that go up there - a lot of it gets lost in the noise. "Getting a product from development stages to becoming a well-known project is still very challenging," Crowdcreate Co-Founder Ivan Kan told CNBC.
To date, the company has helped raise roughly 3 million dollars for various campaigns. A crowdfunding accelerator helps companies that have a fully developed prototype execute a successful crowdfunded campaign.
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