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.
Key Themes Behind This Trend
- Kid-friendly Crowdfunding Platforms
- Crowdfunding platforms specifically designed for children with an educational twist providing an opportunity for children to showcase their ideas.
- Gamification in Education
- Gamification applied to education can lead to better engagement, motivation, and learning, making learning and fundraising simultaneously engaging for children.
- Child Entrepreneurship
- An increase in offerings designed to empower children to become entrepreneurs can result in innovative ideas framed from children’s perspectives.
Where This Applies
- Education
- Piggybackr's educational twist has the potential to provide a new and engaging way of learning and could be used by schools to teach entrepreneurship.
- Finance
- Crowdfunding has disrupted the traditional financing model, and with up-and-coming entrepreneur's younger than ever before, it has the potential to change the face of finance.
- Childcare
- As more parents look for ways to keep their children engaged and entertained, platforms like Piggybackr offer a creative way to keep kids stimulated and learning outside of traditional, structured childcare environments.
