Founded by Brett East, Sproutback is the latest to enter the crowdfunding sector. As part of their launch, Sproutback will be hosting projects for free on the site, and providing project creators a copy of ‘The Lean Startup’ by Eric Ries. The offer is a discount from the 5 percent that is usually charged for successful projects, although unsuccessful projects are always run at no cost.
Sproutback is Australia’s latest crowdfunding platform and offers support for Australian ‘creatives’ in a wide range of areas, including Music, Art, Technology and Design. Support for projects is provided through their mentor and partnership programs, with entrepreneurs such as Mick Spencer of On-The-Go Sports listed among their mentors.
“Sproutback has a network of volunteer mentors, who are experts in their fields, and whenever we can, we put them in touch with project creators to provide advice and guidance. With our partners, we try and team up with co-working spaces and recording studios as well as other manufacturers that might be able to assist projects in ways other than financially,” says East.
“Whether it’s through mentor advice or discounted services with our partners, Sproutback does its best to help projects to succeed.”
This year, Sproutback aims to spread awareness about how crowdfunding works and to become an alternative to other platforms with a low success rate.
It will be interesting to see how Sproutback fares against current leaders in the crowdfunding sector, Pozible and Indiegogo.
The offer is limited to the first 50 new projects hosted on the site, whether the project succeeds or not. From April they’ll be going back to a standard 5 percent service fee for successful projects; and as always, unsuccessful projects won’t cost a cent.
For more information, visit www.sproutback.com.