Rocket Hub and Ovation Team Up to Bring Crowdfunding to TV

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Entrepreneur by Cat Clifford | August 5, 2015

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There are hundreds of online crowdfunding platforms, but this fall, crowdfunding gets a new platform: television.

Crowdfunding platform RocketHub, which was recently acquired by entrepreneur network EFactor for $15 million, has partnered with independent network Ovation TV to launch a TV special about creative people raising money to fund their dreams through crowdfunding.

The TV special, which does not have a name yet, will be available to a potential audience of 50 million strong. (The Ovation TV network includes subscribers from Comcast Cable/Xfinity, DIRECTV/AT&T U-verse, Time Warner Cable, Verizon FiOS, Charter Communications, Bright House Networks, and a handful of other smaller providers.)

Related: Crowdfunding Platform RocketHub Acquired for $15 Million

The television special will feature three artists and will tell their story, what they are working on and what it is like to raise money on a crowdfunding platform.

The television special will feature three artists and will tell their story, what they are working on and what it is like to raise money on a crowdfunding platform.

Related: Crowdfunding breeds sustainability for Calgary arts & culture scene

“Ovation is committed to empowering the next generation of artists. We are inspired and motivated by the level of talent in the independent artistic community,” says Charles Segars, CEO of Ovation, in a statement announcing the initiative, which has been dubbed "Creative Studio." “Creative Studio addresses a very real obstacle that many artists face in obtaining funding for their projects.”

The top three contenders, as determined by a panel of judges, also get $5,000 each to go towards whatever project they are raising money to support.

To be considered for the prize, artists need to apply between now and Sept. 4, 2015.

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The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country.  NCFA Canada provides education, research, leadership, support and networking opportunities to over 1100+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada.  Learn more About Us or visit www.ncfacanada.org.

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