Funding for genuine and creative projects:
A project should have a clear goal. The creator must specify what the project is
going to be at the very beginning. It can be making an album, a book, or a work
of art. The project must have a vision to be achieved. The idea is that a project
should be completed, and something should be produced out of it. It should not be
an open-ended venture. For example, starting a business, does not qualify as a project.
Project title should be simple, explicit and impressive. The title should give the
impression of the project you are raising funds for..
Use the description to share more about the objective of your project. Specify the
need for inviting contributions and how you plan to pull it off. The effort for
project development solely relies on you. It’s up to you to make others like, share
& contribute to the concept.
Once the project gets approval and is online, it will have 51 days to collect contributions.
Contribution target should be a minimum amount that fulfills the requirement of
project completion. Because funding can be all or nothing, you can always raise
more than your goal but never less. For example, say after 51 days you have collected
Rs.1.95 lakhs, but your target was Rs.2.00 lakhs, this implies that the fund raising
has failed. As a result, all the money will be returned to contributors.
The success or failure of your project heavily relies on your presence on the social
networking sites. Social networking sites such as, Facebook, Twitter,LinkedIn, Onstart51,
etc provides one point access for sharing information and videos. You and your project
can attain new heights of success, if these platforms are used to good effect.
Every project requires a verified Start51.com account. If the venture is an individual
idea, you need to get verified by providing basic identification details. If it
is representing a legal entity (organization or a company) you need to get verified
as the representative for the same. Verification process is a critical part of this
type of fund raising. The procedure requires legal documents for verification on
Start51.com prohibits charity or cause funding:
This website strictly supports creative ideas using funds from contributors. The
use of this website for raising funds for personal benefits and supporting NGOs
is strictly prohibited. The website restricts raising money for funding campaigns,
scholarships, future profits, share holding, donation to a charity or for supporting