Crowdfunding Platform Sponsume Helps Fund More Than £40,000 for Edinburgh Fringe Festival Projects

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Sponsume, a crowdfunding platform for creatives and innovators, has helped fund more than £40,000 for a total of 40 Edinburgh Fringe Festival projects.

Sponsume is a crowdfunding platform for creatives and innovators

We are delighted to have helped so many creative projects get the funding they need to take part in the Edinburgh Fringe Festival.

Crowdfunding platform Sponsume has helped fund more than 40 projects at a collective total of £40,000 for this year’s Edinburgh Fringe Festival. This is a 59% increase compared to 2012 in projects funded through the online platform for the festival, which showcases comedy, music and theatre productions from big names in the world of entertainment and unknown artists looking to build their careers.

Crowdfunding has become a popular method for many performers in helping them to cover the costs of funding the creative arts, and more Edinburgh Fringe Festival projects have been supported using Sponsume this year than ever before, highlighting the importance of this still relatively new source of funding.

Gregory Vincent, the French entrepreneur who started Sponsume in 2010 and has since seen it grow to become one of the leading crowdfunding platforms, said: “We are delighted to have helped so many creative projects get the funding they need to take part in the Edinburgh Fringe Festival. These have ranged from heart-warming tales of a young girl’s battle with depression, to what can only be described as the outright peculiar. But the theme is the same: These are creatives looking for investment and using Sponsume as a unique means to achieve it.”

The funding targets for Edinburgh Fringe projects on Sponsume have ranged from £500 to £6,682 with a total of 1037 individual pledges having being made. The highest amount of money raised was by the ‘Wot? No Fish!!’ project, which previewed in London to overwhelming praise that made the team behind the production decide they wanted to take the show to Edinburgh Fringe Festival. Sponsume helped the project to raise more than £5,500 of its £5,000 target, and it also received the highest number of individual backers with 123.

Gregory Vincent added: “Sponsume has helped to fund either fully or partially just over 1,200 projects since its inception, almost exactly 3 years ago, and continues to grow. Crowdfunding is still a relatively new concept, but the chance for creatives to get projects in front of their fans and get the backing they need is making a big difference to events such as the Edinburgh Fringe Festival. This is significant when we consider that funding from the government and other groups is now often difficult to attain.”

Sponsume is a flexible crowdfunding platform which helps innovators across the globe to raise funds for their creative projects.

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Richard Keane
Sponsume
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