Tag Archives: Funding Circle

Banking on one another: Can the crowd save itself from the banks?

Posted on by Ville Miettinen

… like RateSetter automatically link lenders and borrowers by the rates they want. Others like Funding Circle, which specializes in funding for small businesses, allow lenders greater control.

Despite their growth, peer-to-peer (P2P) lending only accounts for around $270 million of lending in the US. Such a measly amount is nowhere near sufficient to meet demand caused by banks’ current unwillingness to lend.

The reasons for the small numbers (when did 270 million become a small …

Tags: Bank crowd crowdsourcing eBay Facebook Funding Circle Loan microtask microwork Person-to-person lending RateSetter

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From millions of tasks to thousands of jobs: Bringing digital work to the developing world

Posted on by Vili Lehdonvirta

… connectivity.

m2Work is an online challenge conducted by infoDev and IdeasProject, with funding and support from UKaid and the Government of Finland. The aim of the challenge is to identify problems and needs that could be addressed by tapping into microworkers who use mobile phones – enabling the bottom of the economic pyramid to access the digital economy, and enabling the rest of the world to benefit from their intelligence.

Challenge participants are asked to come up with …

Tags: Bank crowd crowdsourcing eBay Facebook Funding Circle Loan microtask microwork Person-to-person lending RateSetter

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Crowd funding: a monumental achievement

Posted on by Ville Miettinen

… to Robocop.” But luckily for fans of the law-enforcing cyborg this is 2011 – the age of crowd funding.

Two days after the original tweet, a Detroit-based collective called Imagination Station launched a Detroit Needs A Statue of Robocop campaign on the crowd funding site Kickstarter. That was February 9th. By February 17th the project had reached its target of $50,000. Over 2000 people have donated money. When the campaign officially closes on March 30th, Imagination Station will …

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The Travelling Salesman is back – Part 1

Posted on by Tommaso De Benetti

… people who have succeeded got money from abroad one way or the other. In Finland we have Tekes funding and they have something similar over there, so that’s at least something…”

He believes that in Finland, however, there is more of a joint effort going on between startups and students – Aalto Venture Garage being one example. “That’s really good,” he says, “as in Sweden everybody seemed to be a bit isolated, kind of taking care of everything alone, or more like not …

Tags: Denmark Finland funding Iceland incubator kristoffer lawson Landrover Norway setok startup Stavanger Sweden tech traveling salesman travelling salesman Umeå

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Crowdfunding the future: Mad science, bad science, and the Tesla Museum

Posted on by Ville Miettinen

… crowdfunding success, the Wardenclyffe facility provides a useful insight into the pitfalls of funding today’s mad science.

Tesla is my Ohmboy

Tesla’s work was backed by J.P. Morgan and John Jacob Astor (which today would be the equivalent of having Bill Gates and the Sultan of Brunei in your corner). Both were confident that the man who won the “current wars” (without electrocuting a single elephant) would fulfil his promises of wireless power. Alas, the project fell apart in …