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CROWDFUNDING IS FUTURE FOR BUSINESS - MP.

Byline: HENRYK ZIENTEK News Reporter henryk.zientek@examiner.co.uk

READER OFFER HUDDERSFIELD MP Barry Sheerman will speak at a major conference to discuss crowdfunding.

The Labour MP is among a group of parliamentarians, entrepreneurs and pioneers of the crowdfunding sector to descend on the Royal Geographical Society in London next month for Deep Impact 2: Capitalism Rebooted.

The second national "Deep Impact" crowdfunding conference has been organised by Barry E James, founder and director of The Social Foundation, and is the cornerstone of a number of activities taKing place to celebrate the UK's first National Crowdfunding Day on Friday, November 1. Crowdfunding involves a large group of people contributing money to support a business, individual or campaign.

The funds raised are often used as start-up capital, to help a business expand or even to stop it going bust.

Crowdfunding is usually arranged through an online platform, particularly specialist websites and social media.

While crowdfunding is relatively new to the UK, there is increasing interest in it as a new way for businesses and individuals to raise funds and for people to invest money.

Barry Sheerman is a crowdfunding ambassador and chairs the Westminster Crowdfunding Forum.

He said: "I'"I'm excited by the potential that crowdfunding has for not only starting new businesses and new social enterprises but bringing hope to communities that believe that modern internationalcapitalism has left them behind.

"I believe that crowdfunding gives us the capacity to change people's lives and real potential for a new Kind of democratic, participatory capitalism that could change the world."

Mr James, who is also founder of the newly-launched Crowdfunding Centre, said: "At the first Deep Impact conference, we made the case that it was time for crowdfunding to go mainstream - and it certainly has "It's now time to taKe crowdfunding to the crowd with the benefit of the wisdom of some of those at the forefront of this revolution."

Deep Impact 2 will see some of the world's leading thinKers and pioneers of crowdfunding explain how individuals, cities, towns, regions, universities and organisations can tap into this new way to fund startups, business expansion and social ventures.

Said Mr James: "It's time to grasp this huge opportunity to taKe crowdfunding to your crowd, and really to start over at business, community, town and city, regional and national levels. To get stuff funded and get the things that matter done."

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Title Annotation:Features
Publication:Huddersfield Daily Examiner (Huddersfield, England)
Geographic Code:4EUUK
Date:Oct 18, 2013
Words:414
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