Private Sector Support

Crowdfunding has emerged as a new source of income for the arts

Globally, crowdfunding platforms have seen dramatic increases in funding raised with $2.7 billion raised in 2012 (up from 1.5 billion in 2011) across all categories (including arts).

Kickstarter, one of the key global crowdfunding platforms, has successfully funded over 20,000 arts-related projects, which raised over $100 million in support.[1]

Pozible, an Australian crowdfunding platform, had an average success rate of 56 percent in 2012, up from 45 percent in 2011. As of February 2013, the platform has helped funnel a total of AUD$8 million across 1,300 successful projects since it was established in May 2010. While this funding was across all categories, some of the most popular categories have been film, performance, art and music.

[1] Within the categories of music, dance, theatre, art and publishing. Kickstarter 2013, ‘Kickstarter facts