Successful crowdfunding pilot project in Basel
The Basel-Stadt Department of Culture has completed the pilot project launched in 2012 to cooperate with the crowdfunding platform Wemakeit. On the Basel channel, 16,792 people supported projects in the culture and arts sector with over 2.4 million francs.
With 146 projects, the music category leads the ranking of funding areas represented, followed by the society/socioculture (65 projects), visual arts (56 projects), stage (49 projects) and film (44 projects) categories. The campaign with the highest contribution was an album production by the band Bianca Story, which raised 91,662 euros from 625 supporters.
Of the 361 projects listed on the channel to date, 273, or 76%, have been successfully funded. This is well above the overall average for all Wemakeit projects, which is 63%. The average amount raised through crowdfunding for the Basel channel is 8942 francs. The average contribution per supporter is CHF 146, which is above average by national and international standards.
In 112 projects, the initiators even managed to raise more than 110% of the original target amount. The city attributes the fact that the Basel region was able to achieve such a top position in the statistics to the cantonal start-up support and advice.
