Rocket Hub and Ovation Team Up to Bring Crowdfunding to TV

Rocket Hub and Ovation Team Up to Bring Crowdfunding to TV
Image credit: Shutterstock
Senior Entrepreneurship Writer at CNBC
2 min read

There are hundreds of online crowdfunding platforms, but this fall, crowdfunding gets a new platform: television.

Crowdfunding platform RocketHub, which was recently acquired by entrepreneur network EFactor for $15 million, has partnered with independent network Ovation TV to launch a TV special about creative people raising money to fund their dreams through crowdfunding.

The TV special, which does not have a name yet, will be available to a potential audience of 50 million strong. (The Ovation TV network includes subscribers from Comcast Cable/Xfinity, DIRECTV/AT&T U-verse, Time Warner Cable, Verizon FiOS, Charter Communications, Bright House Networks, and a handful of other smaller providers.)

Related: Crowdfunding Platform RocketHub Acquired for $15 Million

The television special will feature three artists and will tell their story, what they are working on and what it is like to raise money on a crowdfunding platform.

“Ovation is committed to empowering the next generation of artists. We are inspired and motivated by the level of talent in the independent artistic community,” says Charles Segars, CEO of Ovation, in a statement announcing the initiative, which has been dubbed "Creative Studio." “Creative Studio addresses a very real obstacle that many artists face in obtaining funding for their projects.”

Related: Déjà Vu 2012: A Zombie-Frankenstein JOBS Act 2.0 Is in the Works

The top three contenders, as determined by a panel of judges, also get $5,000 each to go towards whatever project they are raising money to support.

To be considered for the prize, artists need to apply between now and Sept. 4, 2015. Those creative entrepreneurs who are selected will get coaching throughout their process -- from advice on what they need to do before the campaign launches to how best to socialize their project on social media -- in addition to the organic publicity that comes with being on a television show.

Related: An Insider Look at RocketHub, the AlleyNYC Company That Sold for $15 Million

More from Entrepreneur

David provides constructive insight to help businesses focus on their company growth, build brand awareness and know when and how to raise money.
Book Your Session

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.