The outbreak of the COVID-19 pandemic and the subsequent containment measures have severely affected not only Austria’s economy but the global economy as well. In 2020, the country experienced a great change in its gross domestic product. However, after the third quarter of the year, the economy started to recover. The government’s support and the lifting of travel restrictions helped boost the country’s growth.
Although the economy was affected by the second lockdown, it was less severe than the first one, as the foreign trade and industrial sectors were not severely affected. In 2022, the energy crisis in Europe has been hard on the entire population of the continent, including Austria.
According to FocusEconomics, the outlook for Austria’s economic growth is expected to moderate this year (2022) due to the sanctions and war in Ukraine and the impact of the Covid-19 pandemic. However, the country’s tight labour market and rising household savings rate will support demand.
So how can individuals and small businesses get the necessary funding to combat the entire economic crunch and get up and running? Well, one of the best options to get funding for day-to-day needs is crowdfunding.
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Crowdfunding Austria
Online crowdfunding platforms make it easier for individuals and organisations to raise funds for various private and non-profit needs. There are a variety of fundraising platforms that cater to different requirements, such as education, medical, and sports.
Such kinds of online crowdfunding platforms can make lives easier by providing them with a platform where people can lay down their issues and the crowd to lend a helping hand. However, in Austria crowdfunding, it is still a real challenge to find the proper crowdfunding platforms that are authentic, trustworthy and cater to the individual needs of the people of Austria.
So here we have a couple of crowdfunding platforms in Austria that can help you to raise money for your need. Let’s take a peek!
Crowdfunding Platforms In Austria
1. WhyDonate
WhyDonate is one of the best crowdfunding platforms in Austria for people and charity organisations to raise funds. It allows individuals and groups to connect with donors. Its free registration and minimal fee structure make it the most cost-effective alternative to other platforms.
You can create a fundraising page for yourself or a group by providing the necessary details. Then, tell your story and share it with your friends and family. You can also send messages and share your campaign on social media and other platforms.
WhyDonate caters to all European countries with the best possible crowdfunding experience. From healthcare to creative projects, people can raise money for a variety of options. Using the online fundraising platform is simple, direct and very seamless. Not only for creating fundraising campaigns but also WhyDonate contains many active fundraisers to which one can choose to donate.
2. Conda
Launched in 2013, Conda is a property crowdfunding platform that allows investors to participate in the partial ownership of a property in exchange for the rent and capital gains from its value appreciation.
The platform is ideal for small and medium-sized enterprises (SMEs) and startups. The platform believes that the industry’s future lies in the hands of young and revolutionary entrepreneurs. Through its platform, Conada aims to help these individuals establish their own visions and develop their businesses.
3. GoFundMe
The American crowdfunding platform, GoFundMe, is one of the most popular websites that help individuals to fundraise for their needs. Creating an account on GoFundMe is easy, and the entire fundraising process is relatively easy to do. From medical emergencies of individuals to charity works of non-profits, GoFundMe provides everyone to fundraise on their website.
4. GoGetFunding
GoGetFunding is a peer-to-peer platform that enables people to raise funds for various purposes. It was first launched in 2011 and has since become one of the most popular platforms for crowdfunding.
With GoGetFunding, users can raise money for their goals even if they don’t reach them. This eliminates the time and effort involved in starting a crowdfunding campaign. It also allows people to reach out to a wider circle of supporters.
5. Companisto
Companisto is a leading European equity-based crowdfunding platform and one of the best crowdfunding platforms in Austria that has a network of prominent business supporters and venture capital firms. It allows investors to make investments in different types of start-ups through its platform. It also allows them to pay using various payment methods such as bank transfer, credit card, and instant money transfer.
Through its platform, Companisto has successfully funded over 30 startups and invested over 6 million in these start-ups. It is regarded as one of the most prominent platforms in Europe for crowdfunding.
6. Edseed
The youth-focused venture philanthropy fund Edseed is considered to be one of the best crowdfunding platforms in Austria. In 2015, Edseed was established as a non-profit organisation focusing on youth philanthropy.
It invests in startups, education networks, and social media platforms that help young people. The goal of the fund is to provide them with the necessary tools and resources to succeed in their chosen field. Through its app, Edseed connects education institutions and donors.
7. Raisenow
As one of the end-to-end crowdfunding platforms in Austria, Raisenow allows individuals and organisations to raise money for various types of projects, such as personal causes and non-profit organisations. We have identified the seven most popular platforms that cater to the needs of both individuals and organisations.
Get Started Now!
Thanks to the technological advancements that have occurred in the past few years, we are able to gather funds for our cause through crowdfunding. Crowdfunding is a convenient way for individuals to raise money for their charitable activities. However, there are a lot of options when it comes to starting a fundraising campaign.
To help you navigate through the crowdfunding industry and various aspects of this process, we have reviewed multiple websites for you to choose from. You can simply choose any fundraising platform from above to get started and find potential investors for multiple successful crowdfunding campaigns. Happy Fundraising!
