Local entrepreneurs Nadine Stielow and Jacquie Fenske talked about the power of the crowd at yesterday's (November 1) chamber luncheon.
 
The two touched on the importance of an engaging fundraising campaign using the power of the internet and social media.
 
"As time goes on, we need to be more creative in how we're getting our funding," explained Fenske. "When we're looking at new ideas, they are rather outside the box, and traditional methods may not be able to support your idea."
 
Crowdsourcing is when people provide labour, ideas or help in other ways to get an idea off the ground. Crowdfunding allows people to donate to an idea and in return, receive a reward from the entrepreneur.
 
As society begins to shift towards more locally sourced products, entrepreneurs are jumping at the easy way to earn some money to start up and market their idea.
 
"I believe we're going to see more small businesses created, more entrepreneurs coming into it but it is one of the ways of the future and it's a way to engage the entire world, not just your local community."
 
Nadine Stielow of Thiel's Greenhouse is using crowdsourcing right now to help fund an innovative idea to grow food sustainably, while former Morinville town councillor Brennan FitzGerald used crowdfunding to get his clothing line, SeaChange, off the ground while cleaning up the oceans.

More Local News

Inter Pipeline still on time and budget after big move

Inter Pipeline’s $3.5-billion petrochemical complex continues to move along smoothly.

Jessica Littlewood staying put as NDP nominee

Current Fort Saskatchewan-Vegreville MLA Jessica Littlewood is sticking around.

Local MLA not seeking re-election

Strathcona-Sherwood Park MLA Estefania Cortes-Vargas will not be seeking re-election this year.

Around 2,200 vehicles to convoy through Fort Sask Tuesday

Tuesday's (Jan.22) drive could get interesting.

Dr. Vincenzo Visconti gets permanent ban in Alberta

A local doctor has been ousted in Alberta.

Fort Sask not using calcium chloride on roads

The City of Fort Saskatchewan continues to use the same de-icing agent as previous years on local roads.

St. Albert resident wins $7.9 million on LOTTO 6/49

An Alberta man recently hit the jackpot.

EIPS kindergarten registration to open next month

It's almost time for parents to register their kids for kindergarten.

Another massive load heading to Industrial Heartland

A second huge piece of equipment is about to travel on our highways.

15 taken into custody after drug bust

Area police detachments have teamed up in a recent drug bust.

DiscoverWestman.com is Westman's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login