Kickstarter Launching In UK 'This Autumn'

Kickstarter Launching In UK 'This Autumn'

Crowd-source funding website Kickstarter has announced in will be launching in the UK in the autumn.

The site has gained widespread fame for providing a platform for numerous projects to gain funding.

It works by allowing individuals to give small amounts - from $1 to thousands - in return for pre-release products, other benefits or simply a sense of wellbeing.

Now UK businesses will be able to join in.

Previously projects in the UK had to have a US citizen as part of the team, who were responsible for taking the money. A US passport, social security number and address were needed to get projects off the ground.

Piers Ridyard, whose own Kickstarter project was funded within 10 hours recently (and now stands at more than $125,000), said he was glad the service was going to hit the UK.

His business - which makes memory adapters for Macs to allow SD slots to become semi-permanent hard drives - included a US resident so was able to register.

But he said many other businesses had not been able to utilise the platform.

"We've been contacted by several people who are budding entrepreneurs in the UK and want to use the service, which is an amazing platform… but the US restrictions had stopped those outside the US from doing so," he said.

"It adds an extra layer of bureaucracy to get up and running.

"[Launching here] would be a huge boon for UK entrepreneurs."

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