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India’s Top 10 Crowdfunding Platforms

The global crowdfunding industry generated about $34.4 billion in capital last year. No reliable numbers are available for India though it is estimated it accounts for a small fraction of this. Yet local crowdfunding sites are proliferating and drawing attention from backers, and India is now the world’s second-largest internet market with more than 342 million mobile users and online payment options that make it easy to give money, says Bloomberg.

Crowdfunding is limited to giving donations and loans. The Securities and Exchange Board of India (SEBI) claims the Indian public lacks adequate investment knowledge or experience and requires strict protection. It has recently sidelined an incomplete aim to create a regulatory f2ramework for investment crowdfunding, and equity crowdfunding in India remains on hold.

The biggest player in the market, Milaap, has raised the equivalent of over US$12.7m through donations and microloans, though spread across close to 50,000 projects it has averaged around just $260 per project. The beneficiaries of these low cost loans and relatively small donations have largely been people in rural India and in underprivileged sections of society. Other platforms better serve the creative arts and larger community benefits, though beyond micro-businesses crowdfunding isn’t yet a major opportunity for entrepreneurs.

India’s top peer-to-peer lending platforms

Rang DeRang De
Co-founders: Smita Ram and Ram N. K

Founded in Bengaluru in 2008, RangDe.org is an internet-based peer-to-peer micro-lending platform that facilitates micro or low-cost loans to rural e1ntrepreneurs across India with the help of funders. A remarkable aspect is that over 93% of borrowers have been women.

This not-for-profit crowdfunding portal has attracted 9,699 social investors and helped1 disburse 50,008 loans for a section of Indian population who are usually overlooked by banks and financial institutions. So far they have raised social investments of approximately USD 7 million while repaying very close to USD 5 million. Borrowers pay interest rates ranging between 4.5% and 10% p.a. for collateral free loans. Rang De gets a nominal cut of 2% on all the loans repaid by borrowers.

Rang De has been funded by the World Bank through Development Marketplace (DM) and is a recipient of several social change-related awards including South Asian International Fund Raising Group’s Fund raising Campaign of the year Award and 2013 Millennium Alliance Award.

The organization has a network of 25 field partners in 16 states of India who physically take the money to the borrowers and can contact them if they fall in to arrears.

FaircentFaircent
Co-founders: Rajat Gandhi, Vinay Matthews, Nitin Gupta

Located at Gurgaon, Faircent is a peer-to-peer lending platform and a virtual marketplace where borrowers and lenders can interact directly, without the involvement of banks. In practice the platform allows lenders and borrowers to negotiate directly the terms of loans including interest rates and the duration of the loan.

Faircent is thus able to eliminate high margins on loans and keep institutional charges low. It charges a one-time listing fee of around USD 23 plus an administration fee depending on the size of the loan and interest amount, but doesn’t earn from interest that is paid.

Faircent has more than 6,000 potential lenders and 26,000 want-to-be borrowers on its platform and has disbursed total loans worth almost USD 973,000 in the last 24 months.

Top donations crowdfunding platforms

India's Top Ten Crowdfunding PlatformsKetto
Co-founders: Kunal Kapoor, Varun Sheth and Zaheer Adenwala

Founded in 2012, Mumbai-based Ketto supports fundraisers in three main categories:

  1.    Community/social projects (NGOs/Non-Profits/Charities),
  2.    Creative arts (Movies/Music/Theatre/Fashion/Technology)
  3.    Personal development (Health/Education/Travel).2

They also encourage corporates to search for projects to support as a way of demonstrating Corporate Social Responsibility, and allow NGOs to use Ketto as an e-commerce sales channel.

Ketto offers fundraisers a unique cash pick-up facility and charges 5-8% of the funds raised or USD 30 (whichever is higher in case of individuals and corporates) along with payment gateway charges.

Project creators keep all the money that is raised even if they fall below the target they set for their project.

The platform has so far raised USD 5,990,400 through more than 100,000 backers to support over 10,000 projects (averaging just under USD 600 per project).

WishberryWishberry
Co-founders:
 Priyanka Agarwal, Anshulika Dubey

Wishberry is a donations-for-rewards crowdfunding platform founded in 2010 in Mumbai and is exclusively dedicated to funding creative projects – music, stand-up comedy, film production, art, dance, design, photography, publishing, theatre.

A Wishberry adviser, a ‘Campaign Coach’, is appointed to each project to help the project creators write an effective pitch, make a good video (a video is compulsory) and handle the logistics of choosing, sourcing and distributing the rewards. This helps them achieve a very high 70% success rate.

It has so far completed 325 projects raising almost USD 1.3 million from more than 11,000 backers in around 60 countries. This is an average of nearly USD 4,000 per project. The contributors are rewarded with non-monetary incentives such as invites to film premiers, limited edition merchandise, experience in the making of the project, a named credit and so on.

It charges a one-time non-refundable fee of USD 52.37 plus 10% commission of the funds raised – charged only if the funding goal is reached. For a monthly fee they also provide digital marketing and PR services.

Wishberry works on an ‘All Or Nothing’ policy (which they also claim pushes up the success rate) and allows fundraisers a maximum of 60 days to reach their target.

FuelADreamFuelADream
Founder: Ranganath Thota

Bengaluru-based FuelADream launched in April 2016 with 14 projects. It is a rewards-based crowdfunding platform and focuses on creative arts projects, social causes and charities.

It gives its fund raisers the choice of either AON (All or Nothing) or KWYG (Keep What You Get) campaigns. When an AON campaign doesn’t reach its goal, all the money collected is returned to funders.

The company has its own content and marketing team that will help put together the online pitch and help design a rewards system for each project. They charge 9% (2% gateway +7% contract charges) of the total amount collected during the campaign whether an AON or a KWYG model. On the 9% there is a govt levy of 14.5% Service tax. This works out to a total charge of 10.3 % of the money raised.

FuelADream seems to be going for quality rather than quantity and will restrict itself to hosting a maximum of 20 new projects per month. Notable campaigns so far include a battery powered e-bike and a canal to irrigate a village’s arid farmland .

They also intend to make campaigns available in multiple languages.

CatapoooltCatapooolt
Founder: Satish Kataria

From startups to Parallel Cinema and from DJS Racing Car to India’s leading political party AAP, Catapooolt has helped fund raisers bring to life creative, sports, and political projects, social enterprises and business startups.

Founded in July 2013, the crowdfunding platform has helped fund over 40 projects to raise almost USD 150,000 from over 2,000 contributors. 53 active projects are currently listed 9at 17 August 2016).

Catapoolt offers three unique tier rewards to its contributors, and claims to be the only crowdfunding platform that gives fundraisers access to distribution in 300,000 retail outlets with exposure to their walk-in customers across India. It charges around USD 23 as a project submission fee along with 10-15% of the total funding raised.

BitGivingBitgiving
Founder and CEO: Ishita Anand

Founded in 2013 with headquarters in New Delhi, BitGiving is a crowdfunding platform that enables artists, engineers, and creators of all kinds to come together in a bid to share their stories and raise funds online for entrepreneurial, creative and social projects. Almost 15 per cent of campaigns are focused on raising funds for medical treatment.

BitGiving has so far completed over 650 projects and notable success stories include projects to help Nepal after their earthquakes, sending an Indian athlete to the Olympic games, a project to help farm widows in Marathwada, and funding two months hospital treatment for a teenager with a rare disease.

BitGiving charges 6-10% commission on the amount funded, depending on whether the seekers are non-profits, individuals, organizations or corporates.

BitGiving rewards its contributors through non-monetary incentives such as social media call-outs, personalized cards, pre-orders or discounts on products, VIP passes or tickets to workshops etc.

CrowderaCrowdera
Co-founders: Chet Jain, Chaitanya Atreya, Rich Mastuura

Founded in October 2014 in Palo Alto, California by two Indians and an American, Crowdera is a completely free global crowdfunding platform that launched for Indian fund raisers recently in April 2016.

Until this period, the crowdfunding platform had raised over USD 537,000 helping several prestigious nonprofits, individuals, and organizations.

The platform is currently funded by some friends and their third co-founder Rich Mastuura. The team intends to start monetizing in 2017 from the CSR activities of enterprises and foundations across the world.

Crowdera doesn’t charge any commission at all and has a motto: Doing good must not be penalized.

Top hybrid donations and loans platforms

MilaapMilaap
Co-founders: Mayukh Choudhury and Anoj Vishwanathan

Based in Bengaluru and founded in 2011, Milaap began as a crowdfunding platform for micro-loans for people in rural India, helping low-income borrowers with projects such as education, energy and water and sanitation.

Milaap added donations on its portfolio in 2014 and now allows donations and micro-lending for emergencies, neighbourhood projects, medical conditions, natural calamities and micro business projects.

Milaap has donors and lenders from over 120 countries for close to 50,000 projects, and has raised over USD $12.7 million.

It charges 5-8% of the funds raised from campaign owners.

ImpactGuruImpact Guru
Co-founders: Khushboo Jain and Piyush Jain

Beginning as a crowdfunding platform for non-profit organisations in 2014, Impact Guru is a Harvard iLab incubated fintech platform based in Mumbai.

It helps individuals, non-profits, social enterprises, startups, corporates for their fundraising needs. It engages in donations, rewards crowdfunding and investment fundraising.

In April this year, it had raised a seed round of USD 500,000 from Singapore-based venture capital fund RB Investments and private investment pl1atform Fundnel. In the last year, the total funds raised by Fundnel and Impact Guru add up to $8.5 million.

More than 100 causes and organizations from six countries have been benefited by ImpactGuru’s campaigns. While it is free to launch a campaign on Impact Guru, the platform charges a 5% fee along with transaction costs if a fund raiser chooses a ‘Default’ package on the portal.

 

Given that the pace of change only ever moves faster, we shall have to see how India either adapts to encourage and enable innovation or remains cautious and holds the lid down on entrepreneurial opportunities.

Top 10 Science Experiments for Class 5 kids

If Your Kid is in Grade 5 or 9-11 yrs Old. He/She will love following  Science Experiments that can be done at home with Simple Materials.

Top 10 Experiments for Class 5 Kids
Top 10 Experiments for Class 5 Kids

Activities range from Electronics, Chemistry, Construction, Engineering Click on Each activity to Watch Youtube Video, Instructions and Working Principle
These activities increase the curiosity  as well as reasoning skills of your little scientist. You need common home materials for the experiments.

List of Activities (Click Below) for Class 5 Kids

  1. Color Density Tower – Density Experiment
  2. Popsicle Catapult – Engineering Activity
  3. Dry Ice Rocket – Experiment with Dry Ice
  4. Balloon Powered Car – Newton’s 3rd Law of Motion
  5. Magnetic Slime – Magnets & Iron Experiment
  6. Chemistry Rocket – Alternate Rocket that work with Newton’s 3rd Law
  7. Chemistry Rocket launcher – Make your Own Launcher
  8. Hot Air Balloon –  Temprature Activity for Kids
  9. Drinking Candle – Experiment with Water and Colors
  10. Popsicle Chain – Chain Reaction Activity
  1. Color Density Tower

    Density Tower Experiment Step 7
    Density Tower Experiment

    Density Tower (Click for Video and Instructions) is a fun science experiment for kids to do at home which shows how due to density difference, layers of different liquids can sit on top of each other.

  2. Popsicle Catapult

    Catapult Experiment Step 21
    Catapult Experiment

    Popsicle Catapult is a fun engineering experiment where kids can build their own catapult and hit targets! One can also customize it to make it an ‘Angry Birds’ game.

  3. Dry Ice Rocket

    Dry Ice Rocket Experiment Step 5
    Dry Ice Rocket Experiment

    Make your own Dry Ice Rocket is a fun experiment for kids which explain what happens to dry ice when water is added to it and in this experiment, we are going to use the reaction to propel a rocket!

  4. Balloon Powered Car

    Balloon Powered Car-Experiment Step 21
    Balloon Powered Car-Experiment

    Balloon Powered Car  is a fun science experiment for kids to do at home which demonstrates the law that even governs the fastest vehicle that we knows of- Rockets.

  5. Magnetic Slime

    Magnetic Slime Experiment
    Magnetic Slime Experiment

    Super amazing experiment for Kids. Magnetic Slime is a super cool science experiment where you can make your dancing slime.

  6. Chemistry Rocket

    Chemistry Rocket Experiment Step 18
    Chemistry Rocket Experiment

    Chemistry Rocket is a fun science experiment for kids to do at home which shows how easily you can construct your own home-made rocket, with simple materials.

  7. Chemistry Rocket Launcher

    Chemistry Rocket Launch Experiment Step 8
    Chemistry Rocket Launch Experiment

    Chemistry Rocket Launcher: This is a fun science experiment for kids to do at home in which they launch their chemistry rocket with an effervescent tablet acting as fuel for the rocket.

  8. Hot Air Balloon

    HAB-Experiment-Step-16
    Hot Air Balloon Experiment

    In this cool activity – Hot Air Balloon– is a fun science experiment for kids to do at home where one can understand the effect of temperature on the density of air.

  9. Drinking Candle

    Drinking Candle Experiment
    Drinking Candle Experiment

    In this cool activity –  Drinking Candle – is a fun science experiment for kids to do at home. It is an awesome science experiment which shows how a burning candle drinks up all the water kept beneath it.

  10. Popsicle Chain

    Popsicle Chain Experiment Step 4
    Popsicle Chain Experiment

    In this cool experiment –Dry Ice Soap Tower is a fun experiment where kids can build a huge chain of popsicles and lock it using a specific pattern.

Amazing Google Science Fair Projects

Google announced the winners of its fourth annual Google Science Fair, which Scientific American co-sponsors. Watch the awards ceremony here live.
The 15 global finalists, ages 13 to 18, set up their projects yesterday at Google headquarters in Mountain View California for judges and members of the public to see. The grand prize winner will receive a $50,000 scholarship, a 10-day trip to the Galapagos Islands, a behind the scenes look at Virgin Galactic’s commercial space program, a $10,000 grant for their school and many other perks. Here are highlights from this year’s amazing batch of projects.

Fruit Fly-Inspired Flying Robots:

The Fruit-Fly-Inspired Flying Robot can dodge incoming objects fast.

Rotting fruit inspired 14-year old Mihir Garimella of Pittsburgh to design a new navigation system for robots. “Last summer, my family went to India, and when we came back we realized there were these bananas on the counter that we forgot to throw out,” he says. “So our house was filled with fruit flies that I was trying to swat.” To his frustration, he realized how quickly the fruit fly’s visual system operates despite the tiny size of its brain (only 100,000 neurons versus a human’s 100 billion). Using infrared distance sensors, Arduino programming and a quadrotor – a flying robot with four propellers – Garimella designed a mini flying machine that can take off rapidly in response to objects approaching from different directions. The machines, he says, can be deployed to survey disaster zones and would be able to nimbly navigate around obstacles and evade falling debris.

Bacteria Vs. World Hunger:

 A chance observation about warts on a pea plant led three friends from Kinsale, Ireland on a three-year mission to solve the world food crisis. Emer Hickey, Ciara Judge, and Sophie Healy–Thow, all 16, learned that the wart-like nodules hold beneficial bacteria known as rhizobia that produce ammonia and other compounds that help the plants grow. At the time, their class was studying the world food crisis in geography, and an idea for a science project quickly germinated. “We became really interested in what this bacteria can do and what people haven’t done with it so far,” said Healy-Thow.

Though many people told them that the bacteria would have no impact on cereal crops, the friends decided to test it on barley. They found that the microbes increased seed germination rates by 50 percent. Over the course of three years, the team has tested some 13,000 seeds and has a large controlled field site set up with another 3,600 seeds in their hometown. Hickey says the bacteria may also reduce the need for chemical fertilizers, which can harm the environment.

Olfactory alarm clock:

The olfactory alarm clock can wake you with the scent of mint or money.

Why wake up to a jarring beep when you can rise to the scent of peppermint — or crisp dollar bills? Guillaume Rolland, 17, of Nantes, France, hatched his idea after learning that hearing-impaired patients at a nursing home where his father works needed nurses to wake them each day. He built an alarm clock equipped with a small filter onto which users can drip a variety of scents. He has worked with perfumers to synthesize the smell of coffee, freshly baked bread, chocolate, and, yes, American dollars. When it’s time for the alarm to go off, a small fan at the back of the clock spins, and a tiny door at the top of the clock opens so the fan can blow air through the filter and disseminate it near the sleeper. In pilot tests on nursing home patients, teenagers and adults, Rolland says the menthol scent woke people within 2 minutes 100 percent of the time.

Rethink: Effectively Stopping Cyberbullying.

14-year-old Trisha Prabhu of Naperville, Ill. designed a program that can detect hate speech and make a teenager think twice before using it. At the science fair she demonstrated the software by typing “You are so ugly @jilljone,” into a Twitter like interface. A message immediately popped up warning that the note could be hurtful and asking if she was sure she wanted to post it. It then gave the option of editing the message or posting it anyway. Rethink also notifies parents about bullying comments their child may post online

TALK – a communication system for people with disabilities:

Dilbagi plotted dots and dashes onto the letters of the alphabet to help users learn Morse code.

Arsh Shah Dilbagi of Panipat, India came up with a way to convert long and short breaths into Morse code that a computer can then translate into speech. He then designed a creative way to teach people Morse code, by plotting dots and dashes onto the letters of the alphabet. He says his device, which cost less than $100 to make, is cheaper and faster than current technology.

TheraNIM: A Touchless Respiratory Monitor.

Eswar Anandapadmanaban, 16, from Jersey City, NJ was inspired by the ghostly instrument the Theramin – used to create creepy sound effects in science fiction films — to design a less invasive and inexpensive way for caregivers to monitor patients’ breathing. Like the Theramin, the TheraNIM is touchless. It monitors breathing by creating an electrical field around a patient and detecting the chest movements that accompany inhalations and exhalations. One of its advantages, says Anandapadmanaban, is that it keeps patients comfortable because it requires no stick-on electrodes or other wires and sensors.

Remote-controlled school presentation microscope:

Drobnych built a microscope from a LEGO Mindstorms kit

Mark Drobnych, 13, of Uzhgorod, Ukraine used a LEGO Mindstorms kit to create a microscope with two lenses and four glass slide holders that teachers can use to show students a variety of images on a projection screen. A Web cam enables schools around the world to compare images and results. He came up with the idea after watching his science teacher run between desks as she tried to help each student properly set up his or her experiment. He said his invention can also benefit schools that don’t have enough money to supply each child with a microscope.