2013 is the year of the smartwatch, but can this new industry last, and will crowdfunded operations be squeezed out by the likes of Sony, Samsung, or Apple?
The UCD Confucius Institute is hosting a festival of Chinese Cinema online, Made in China. We spoke to the guys behind it about organising the event using Fund:it.
Fund:it encourages social networking users and others to donate small amounts of money to groups and organisations who wish to set up arts or technology projects in Ireland. As with other crowdfunding networks Fund:it follows sets a minimum monetary total and a time limit for each project, if a project fails to reach or exceed its target the funding will not go through.
Fund:it uses, to borrow a phrase from Chirs Andersen, “the long tail” of the web to create enough start-up capital for Irish arts and cultural organisations. What this means is that the organisation will encourage a large number of individuals to donate small amounts of money each.