When you can’t accomplish a dream alone, you may be able to draw on the strength of others and complete your plan if you create a proposal. Crowdfunding platforms have grown in popularity in recent years, matching those who need funding with sponsors so that many with great, creative ideas but lack of funding can complete their projects. While the popularity of crowdfunding overseas has resulted in record numbers of projects listed. This has resulted in division of funding and lower success rates with each passing year. Success rates fell below 40% last year. However, funding is growing more concentrated in Taiwan, so the 40-50% average success rate has become a major advantage of crowdfunding in Taiwan.
WeBackers: Making Dreams Come True
With Taiwan’s significant advantages, what can Gamania do as a flagship organization on the internet? Last year, WeBackers was created through the internal entrepreneurship clause within the Gamania Group. The hope is to expand the existing crowdfunding model, to assist these successfully funded projects to achieve significant success through integrating internal group resources as well as external industry, governmental, and academic resources. Those looking for funding can now receive more than just funds. Backend resources such as sales channels, manufacturing, marketing, and strategic partnerships provide enough fuel and motivation to accomplish these dreams. This has caused a marked increase in the success rate of crowdfunded projects, where they achieved even more success than originally planned. Sponsors are also able to find various interesting, creative new ideas on the WeBackers platform. For example, the animation and character IP setting models which three students at National Kaohsiung Normal University created received lots of attention from sponsors on the platform.
New Sparks between Crowdfunding, Cultural Creativity, and Entertainment
Cultural creative funding, like original illustrations, anime, games, animations generally result in production and sales of products after funding is complete. However, with the assistance of WeBackers and the group’s resources, the character IPs in these works can be licensed to stimulate more creations and peripheral products. WeBacker worked with an illustrator named Era after his charity funding project successfully raised the targeted funds to become his agent. His work is being developed as products right now, and there are negotiations with jollywiz regarding subsequent product sales. Entertainment programs can also work with the platform to help fans support the idols and celebrities they love. WeBackers will consolidate group resources and share these resources with entrepreneurs in order to create the possibility of achieving more dreams.
