Kickstarter now open to Canadian projects

Canadians who want to crowdfund a film, video game or other project can now start building a page on Kickstarter, for public launch as soon as Sept. 9.

U.S. crowdfunding giant Kickstarter announced on its blog Monday that effective immediately, Canadians were invited to click on the "start your project" button on the company's homepage. Canada has now been added to the U.S. and U.K. in the drop-down menu that pops up.

The New York City-basedKickstarter announced in Junethat it would soon start allowing projects from Canadian creators. As of Tuesday, the company's own statistics say it has helped raise $627 million for 109,294 projects since it launched in 2009, including the high-profilePebble smartwatch,Ouya gaming consoleandVeronica Mars movie.

Kickstarter takesfive per cent of the money raised by projects that meet their fundraising target, while another three per cent plus 20 cents per pledge typically go to the company that processes the payments. Funders do notpay the money they pledgedand Kickstarter does not receive any moneyfor projects that don't meet their fundraising goal.

In conjunction with its Canadian launch, Kickstarter is hosting a series of meetups and workshops across the country over the next few weeks, which are posted on its Canadian homepage. As of Tuesday afternoon, events in Toronto and Montreal between Aug. 8 and Aug. 13 were sold out.

While Canadian projects previously had access toother crowdfunding platforms, such as San Francisco-based Indiegogo and Vancouver-based Fundrazr, Kickstarter is by far the largest and most popular, generating a much larger volume of web traffic, according to the Crowdfunding Press Center blog. Consequently, it potentially provides access to a larger community of funders and therefore more money.