Can something like Kickstarter work in India?

Kaustubh Katdare · 2013-03-11T18:42:25+00:00

Kickstarter is an amazing initiative. It lets anyone post information about their project in front of people who can then decide to fund you with any amount. If people like your project and you reach the minimum amount you are looking to rise, you will get funded. Let me explain this in simpler words. Let's say you wish to make a documentary on an important thing/issue etc. You post a video of yours explaining what you're trying to do on Kickstarter. This video will be available to all the visitors of Kickstarters. Say you want $2000 to make the complete documentary then you can set the minimum donations you'd like from people. For example you may say - 1. Those who contribute $1 : Will get access to your documentary 5 days in advance of its public release. 2. Those who contribute $10: Will get the documentary on DVD before its official release. 3. Those who contribute $50: Will get a mention of their names in 'credits' and 'sponsors' of the documentary. 5. Those who contribute $100: Will have the documentary creator read out a personal vote of thanks at the end of documentary etc. Kickstarter has worked so wonderfully in the US that a ton of creative projects have received funding from people. I'm wondering if a similar concept would work in India? What do you think? Why?

Can something like Kickstarter work in India?

Kaustubh Katdare

Administrator

Updated: Oct 17, 2024

Views: 3.3K

Kickstarter is an amazing initiative. It lets anyone post information about their project in front of people who can then decide to fund you with any amount. If people like your project and you reach the minimum amount you are looking to rise, you will get funded. Let me explain this in simpler words.

Let's say you wish to make a documentary on an important thing/issue etc. You post a video of yours explaining what you're trying to do on Kickstarter. This video will be available to all the visitors of Kickstarters. Say you want $2000 to make the complete documentary then you can set the minimum donations you'd like from people. For example you may say -

1. Those who contribute $1 : Will get access to your documentary 5 days in advance of its public release.

2. Those who contribute $10: Will get the documentary on DVD before its official release.

3. Those who contribute $50: Will get a mention of their names in 'credits' and 'sponsors' of the documentary.

5. Those who contribute $100: Will have the documentary creator read out a personal vote of thanks at the end of documentary etc.

Kickstarter has worked so wonderfully in the US that a ton of creative projects have received funding from people.

I'm wondering if a similar concept would work in India? What do you think? Why?

0

Replies

Howdy guest!

Dear guest, you must be logged-in to participate on CrazyEngineers. We would love to have you as a member of our community. Consider creating an account or login.

Replies

Vinothmathaiyan

Member • Mar 11, 2013

Yes i do agree. This is a great initiative. I believe this will work well in INDIA. Not only in terms of money. Also in terms of right tools, resources etc.. But little bit worried as some can also misuse this as all the details will be transparent in this.

Are you sure? This action cannot be undone.
Cancel
Kaustubh Katdare

Administrator • Apr 2, 2013

Okay, someone's gone ahead and done it. Check out: #-Link-Snipped-# - a kickstart like website where projects and startups can get crowdfunded. What's your opinion on this?

Are you sure? This action cannot be undone.
Cancel
oprime

Member • Apr 4, 2013

I hope that IgniteIntent is successful over the long run. Its success will encourage many people to innovate.
Kickstarter has some seriously awesome projects related to electronics.

Are you sure? This action cannot be undone.
Cancel
zaveri

Member • Apr 5, 2013

This thing sounds similar to the "entrepreneurship development organizations" which frequently visit my college.

not just me, but none of my friends who have entrepreneural spirit trust these, for the reason that those people may either steal their ideas, or else leak it out to somebody far more powerful, for a fee

Are you sure? This action cannot be undone.
Cancel
Vinothmathaiyan

Member • Apr 7, 2013

I do agree wit zaveri.. Whats your thought Kaustubh?

Are you sure? This action cannot be undone.
Cancel
Kaustubh Katdare

Administrator • Apr 7, 2013

#-Link-Snipped-# and #-Link-Snipped-# - Ideas themselves are worthless. It might sound harsh - but let me tell you - everyone has world changing ideas. The real 'key' is the 'execution'. Executing an idea with the same passion, patience and zeal is not everyone's cup of tea.

Unless you've 'invented' something - be assured that your idea has already popped up in at least 1000 minds before but they chose to do nothing about it.

I'd never worry about someone stealing my idea. It's all about who works to bring it to reality. Even if people steal ideas - they won't act on it.

Big corporations are busy solving their own problems and are working on ideas that are bigger than yours.

My intention is to bring the focus on 'execution' than worrying about someone copying idea.

Are you sure? This action cannot be undone.
Cancel
Vinothmathaiyan

Member • Apr 7, 2013

@Kausabh: I do agree with you at some point. But we had very good examples in our past history. This happened with big giants as well(Microsoft, Apple and even with facebook(I believe)).

Are you sure? This action cannot be undone.
Cancel
Kaustubh Katdare

Administrator • Apr 7, 2013

Vinothmathaiyan
@Kausabh: I do agree with you at some point. But we had very good examples in our past history. This happened with big giants as well(Microsoft, Apple and even with facebook(I believe)).
They executed faster than others. All I'm saying is that faster execution is the key - the one who does it faster gets it all.

Are you sure? This action cannot be undone.
Cancel
zaveri

Member • Apr 11, 2013

#-Link-Snipped-#

you said that "Even if people steal ideas - they won't act on it."

can you elaborate on this.

Are you sure? This action cannot be undone.
Cancel
Kaustubh Katdare

Administrator • Apr 11, 2013

zaveri
#-Link-Snipped-#

you said that "Even if people steal ideas - they won't act on it."

can you elaborate on this.
See, there is no shortage of ideas. The shortage is of people who can follow an idea to an extent of bringing it to reality. I might steal and idea and begin working on it - but I won't have the will to dedicate my energies, time and money to bring that idea to reality.

Is sharing videos online a great idea? Obviously not. It's a simple idea that YouTube founders decided to follow and built YouTube.

Are you sure? This action cannot be undone.
Cancel
Divya Nair

Member • Apr 15, 2013

This is one would prove very useful for students who want to execute their final year projects & need funding to implement their projects directly into market.

Are you sure? This action cannot be undone.
Cancel
Ashok Jindal

Member • Dec 13, 2013

you are absolutely right @#-Link-Snipped-#
There is no deficiency of ideas in india there are several crowdfunding platforms are developed and helping peoples to raise funds.checkout: #-Link-Snipped-#

Are you sure? This action cannot be undone.
Cancel
Pawankmr

Member • Jul 5, 2016

Yes, in today's era there is nowhere shortage of ideas, all you need is to implement it nicely so that it results in great execution. Going along with crowdfunding as an idea has suddenly widened its space. You can also check out for Impact Guru as one of the fundraising platforms. #-Link-Snipped-#

Are you sure? This action cannot be undone.
Cancel
Mrugrajsinh Vansadia

Member • Nov 13, 2016

Yes, It will definitely work in India. In fact, there are many platforms for the same.
like
<a href="https://www.ketto.org" target="_blank" rel="nofollow noopener noreferrer">Crowdfunding India - Best Crowdfunding Platform & Website - Ketto</a>
#-Link-Snipped-#

Are you sure? This action cannot be undone.
Cancel