Introducing our new crowdfunding model
15 may 2015 by art:i:curate team
art:i:curate is launching the first crowdfunding platform that allows emerging artists to raise funds for their work and share profits on sales with their patrons.
We are disrupting the art world by reinventing the gallery model and enabling anyone to become a patron of contemporary art and design in a few simple steps.
How it works: the platform allows people to pledge a chosen amount to finished works they like thus providing financial support to help emerging artists to create new work. We call our patrons “Co-Producers” since their investment helps artists continue their creative practice. In turn, Co-Producers get a percentage of the proceeds once the work they have backed is sold.
We are building a vibrant community and help creative talents widen their audience; Co-Producers not only support them financially but also become their advocates.
With the successfully funded works, art:i:curate create offline exhibitions and events that allow artists to reach their audiences beyond the digital realm and Co-Producers to experience the art they pledged to in person.
Numb. Philip Gurrey. Currently 50% funded.
This collaborative element sets us apart from any other online platform, whether it is an art or crowdfunding concept. It combines a new dimension of patronage and an innovative infrastructure that helps artists make a living.
Since the beta launch of the Co-Production model in May, many artists have already successfully met their fundraising targets.
“When I first heard about the Co-Production model I was intrigued,” says Emily Lazerwitz, a young Columbia and Slade School of Fine Art graduate who was among the first artists to have her work successfully funded. “For an artist, everything is really expensive—from education to studio space to grant applications to open calls, which carry submission fees, it all adds up. Therefore receiving funding upfront is incredibly important and can make a big difference. It’s also a great way to get people interested and invested in my work.”
“For a visual artist it’s like oxygen—it lets them breathe”, says Benedetta Panisson, a Milan-based artist whose works were funded a few days into the beta launch.
People do water, Benedetta Panisson. Successfully co-produced artwork.