Your Wish Is The Internet's Command
Youth Incorporated|March 2017

Mousumi Paul talks about the latest trend in crowdfunding for educational purposes.

Mousumi Paul

The magnifying spurt of crowdfunding is growing very strong nowadays. The idea of crowdfunding dates back to a few decades ago when people collected money from every household for a small occasion or for a village wedding. Today however, the concept of crowdfunding is different from charity and is misunderstood many a times. To begin with, let’s understand quickly what crowdfunding actually means. Crowdfunding is basically about convincing people to be able to raise monetary funds with the help of digital media/the Internet for a particular project or an enterprise. The project could be related to any field from education to technology to sports, health, children and many such areas. The funds raised by individuals triggers the whole crowdfunding process. In the early 2000s, the whole crowdfunding process started along with a website, to raise capital for musical projects and song recordings by Brian Camelio. And today, celebrities from Hollywood like Amanda Palmer, Zach Braff, Kristen Bell to name a few indulge heavily in crowdfunding for concerts or any social cause.

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