'Piggybackr' Teaches Youth the Power of Crowdfunding

By: Alexander Lam - Published: May 31, 2013 • References: piggybackr and springwise
Bringing crowdfunding platforms to kids, 'Piggybackr' lets minors get funding for their ideas. The kid-friendly platform focuses on teaching young entrepreneurs how crowdfunding works in a safe environment. Since current platforms such as Kickstarter and Indiegogo bar minors, Piggybackr hopes to provide an outlet for enterprising youth.

The platform ensures that users under the age of 14 receive parental approval in order to comply with the Children’s Online Privacy Protection Act. In addition, youth can only solicit those in their family, school or society for funds. Though limited, the main goal of the site is to educate users about the power of crowdfunding.

'Piggybackr' has many educational resources and employs gamification to keep kids engaged. Points and badges are awarded for completed tasks and the site provides tips along every step of the process.