Name of project: Bank Austria Art Award
Funds allocated: €110,000
Number of projects backers: 64
Sector: arts and culture
Platform: wemakeit.at (AT)
Type of crowdfunding: reward crowdfunding
In May 2016, Bank Austria announced a partnership with the reward crowdfunding platform wemakeit.at, to support arts and culture initiatives.
- It budgeted €100,000 to be allocated through the platform to projects (in the field of architecture, exhibition, theatre, comics, design, film, photography, games, art, literature, music, dance. ) participating into the so called Bank Austria Art Award.
- They prepared a crowdfunding campaign on wemakeit to verify that the projects filled the requirements – and launch it.
- Bank Austria corresponded 33% of the funds targeted to each campaign who succeeded in raising the first third of the total amount from minimum 20 backers.