UniCredit Bank Austria Launches Ninth Crowdfunding Initiative

Since the start of its annual “Reward-Based” crowdfunding in 2015, UniCredit Bank Austria has already raised around €2.7 million and supported 267 domestic cultural projects thanks to the participation of 21,200 supporters.

If you want to find more details about UniCredit Bank Austria’s ninth crowdfunding initiative and to read the most important business news of the day, download for free our companion app. The Born2Invest mobile app keeps its readers up to date with the most important market updates.

Strengthening Austria’s cultural diversity

And this year, too, the bank wants to strengthen Austria’s cultural diversity in cooperation with “wemakeit”. With the ninth edition of the crowdfunding initiative, creatives will once again have the opportunity to choose a campaign and submit a concept from May 23rd, 2023.

Each successfully completed project will receive funding of up to €5,000 – UniCredit Bank Austria will once again provide a total of €100,000.

“Heart of the matter”

“Art and culture are at the heart of our society. Therefore, it is a special concern for us to support young and innovative projects. Together with ‘wemakeit’, we are once again setting an example this year for the diversity and creativity of Austria’s cultural landscape. Through personal support and up to €5,000 in funding per project, we offer valuable and very practical assistance to cultural creators in realizing their individual projects,” said Robert Zadrazil, CEO of UniCredit Bank Austria.

Starting signal for crowdfunding

This year, May 23rd, 2023, marks the start of the submission of “young, innovative cultural projects” on wemakeit.com. Immediately after activation on the largest European crowdfunding platform for the cultural scene, the goal is to mobilize at least 20 supporters for one’s own project and thus reach the first third of the targeted funding amount.

Once this has been achieved, the campaign receives a commitment from UniCredit Bank Austria to finance the second third, up to €5,000. If the last third can be financed again by its own supporters before the end of the term, the campaign is considered successful – thus the project receives the support of the bank as part of the achieved target sum paid out.

Personal support through “wemakeit”

Cultural creators who participate in the crowdfunding initiative of UniCredit Bank Austria can count on the support of the experts at “wemakeit” throughout the entire process, according to a press release.

As soon as the submitter has created the presentation page on the platform and fulfilled all the conditions for participation, the “wemakeit” team will be there to help and advise them – the start date of the crowdfunding campaign can be chosen individually.

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(Featured image by Jacek Dylag via Unsplash)

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