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KEO Digital launches crowdsourcing site for new businesses

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By The Drum Team, Editorial

November 1, 2011 | 1 min read

KEO Digital has launched a new website which will help individuals and community groups crowdsource funding for their new businesses.

People Fund has been created in partnership with Forum For the Future and NESTA. It allows budding enrepreneurs to showcase their ideas in the hope of attracting financial backing.

Nick Underhill, managing director of KEO Digital, said: "Peoplefund.it is a unique and innovative solution that taps into the philanthropic potential offered by the digital world. Community is no longer defined by location or limited to industry sectors; the open platform offered by the site’s crowd-sourcing model means that anyone can support a scheme or project."

The website's launch projects including Bicycle Academy, which offers people the skills to build a bike which is then donated to Africa and Sustaination, described as a 'dating' site for local food.

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