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India becomes the first country to crowdfund a project!

"To raise funds for Prime Minister Narendra Modi’s dream project — Statue of Unity, world’s tallest statue at 182 metres — the state government has roped in the multinational IT consultant Accenture to build an IT platform for crowdfunding to raise funds for a project through the Internet. Accenture has been granted a tender of Rs 3 crore which was floated by the Sardar Sarovar Narmada Nigam Limited (SSNNL), the state government agency executing the project. Official sources said that Accenture was the only bidder for the tender which submitted a bid of Rs 2.5 crore. Accenture has also paid the security deposit of 10 per cent of its bid to the SSNNL. The state government has already granted the tender for the construction and maintenance of the statue to engineering giant Larsen & Toubro Limited (L&T). The government had floated a tender of Rs 2,063 crore for the project against which L&T emerged as the lowest bidder which offered its services at the cost of Rs 2...

Crowdfunding News 9/30/12

Crowdfunding News 9/30/12 Crowdfund Tim Russ' Star Trek pilot, an Arctic documentary, and a short time ... io9 Crowdfund Tim Russ' Star Trek pilot, an Arctic documentary, and a short time We have three very different film projects vying for your crowdfunding dollars this week. One is a Star Trek film and possible pilot starring lots of familiar Trek faces. We ... See all stories on this topic » The growing trend of crowd funding Times of India Artistes, filmmakers and even the aam janta seem to have really taken to the new-age idea of crowd-funding . This new DIY (Do It Yourself) approach may still be in a nascent stage in India, but its popularity is picking up. A music gig held in Mumbai on ... See all stories on this topic » Boulder businesses, artists turn to Kickstarter to crowdfund their ideas Daily Camera Audrey Forlee, 6, left, and Kiedis Forlee , 3, look over the doughnut selection at Dizzy s Donuts in Boulder. The owners of the n...