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While entrepreneurs in the United States wait for crowdfunding-based investing to become a reality, one of the most popular no-strings-attached US-based crowdfunding sites is delivering some good news for individuals in the UK who are looking for a few good benefactors.

Kickstarter, which to date has helped businesses, entrepreneurs and creatives raise some $275m across more than 63,000 projects, announced today on Twitter that it will be jumping the pond and making a UK debut this autumn.

While the UK is already home to at least 44 crowdfunding sites, Kickstarter has established itself as the crowdfunding brand in the prolific crowdfunding market in the world, the United States.

And with seven projects surpassing the $1m mark this year, Kickstarter's profile is only growing in prominence. One of those million-dollar projects saw more than 9,000 fans of musician Amanda Palmer give $25 to fund her next album in exchange for a deluxe version of it when released.

Once launched in the UK, Kickstarter could quickly give established services like Crowdfunder and Sponsume a run for their money.

Of course, crowdfunding isn't perfect, and it's not for everybody. Despite success stories like Amanda Palmer's, discovery can be a big challenge for individuals hoping to get their projects off the ground.

For entrepreneurs looking to sell shares of a company, Kickstarter isn't of use, although that may very well change in the United States in the near future. There's also the potential for disappointment, or outright fraud. Defending against the latter will obviously be something that Kickstarter will need to work hard at as it expands its geographic reach.

But even with those imperfections and risks, Kickstarter's entry into the UK market is good news for individuals with ideas and the masses who want to see them turn those ideas into reality.

Patricio Robles

Published 9 July, 2012 by Patricio Robles

Patricio Robles is a tech reporter at Econsultancy. Follow him on Twitter.

2393 more posts from this author

Comments (3)

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wm randy wood

This all sounds wonderful, and I look forward to posting my Kickstarter page to raise funding for our pilot, a remake of the hit tv series Puttin' on the Hits.

about 4 years ago

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BlindingPhil

As long as it's not separated from the original site in any way I'm happy with that! Thousands of UK Kickstarter investors already exist and I'd hate to see us getting less potential exposure through the website.

about 4 years ago

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Rene Power

Interesting. Seth Godin recently used this to crowdsource support for his next publishing venture - in his words to get publisher buy in based on a predicted demand but also to raise the capital upfront. Smart product.

about 4 years ago

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