Can Crowdfunding Work for Architecture?
Is crowdfunding the answer to giving stalled architecture projects a much-needed…kickstart? A report issued this week by the American Institute of Architects takes a closer look, highlighting crowdfunded projects such as Colombia’s 66-story BD Bacatá building and the “I Make Rotterdam” bridge-building project.
According to massolution, which compiled the white paper for the AIA, crowdfunding generated around $1.5 billion in 2011, of which almost half was raised via donation-based crowdfunding (distinct from Kickstarter-style reward-based crowdfunding, in which donors receive something tangible in return).
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