Crowd funding platform: Find out myafricanidea.com from Nigeria since September 2012

Based on a concept like Kickstarter in USA Myafricanidea from Nigeria, by Abasi aims to provide a crowd funding platform where individuals or start-ups from Africa in sectors such as arts, music, technology, science, charity ... may upload projects for the world to fund.  

Here how myafricanidea.com works regarding the internal rules.                                                                                                                            

First you will be required to upload your pitch on the website. This would be done by filling a form and attaching a video .The video may be shot.

Second the form would require that you set the minimum amount that is required to complete your project and a target date.

Third for example, because you are targeting thousands of people, you would be required to break down pledges into realistic contributions (example: if you are trying to raise $4000, you may do this by asking for contributions of $1, $5, $10, $20, $200, $2000 etc. so that you may get 2 people contributing $2000 each or 4000 people contributing $1, etc. which equals $4000).

Fourth  your supporters (those contributing) are not doing this for equity but because they believe in your idea so you should come up with creative ways to reward them as an enticing reward may contribute to the success of your campaign because it attracts more backers. Example: if you are raising funds for a documentary, you may offer rewards such as an exclusive poster of the project, the DVD itself, a mention on the films credits (producer, executive producer, etc.) proportional to the amount contributed.

Remark: If the amount isn’t reached by the target date the money pledged by contributors would not be released to you in most cases (the exception being social projects). However if the minimum amount is reached or exceeded by the target date you will receive the funds.