Rocket Hub and Ovation Team Up to Bring Crowdfunding to TV The special will showcase the work of artists who are raising money to fund their creative projects.

By Catherine Clifford Aug 5, 2015

Opinions expressed by Entrepreneur contributors are their own.

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.)

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."

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.

Catherine Clifford

Senior Entrepreneurship Writer at CNBC

Catherine Clifford is senior entrepreneurship writer at CNBC. She was formerly a senior writer at Entrepreneur.com, the small business reporter at CNNMoney and an assistant in the New York bureau for CNN. Clifford attended Columbia University where she earned a bachelor's degree. She lives in Brooklyn, N.Y. You can follow her on Twitter at @CatClifford.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Most Popular

See all

Franchise 500 Annual Ranking

50 Franchise CMOs Who Are Changing the Game

Get to know the industry's most influential marketing power players.

By Jeff Cheatham

Thought Leaders

6 Tips From a Clean Beauty Entrepreneur

Sarah Biggers went from a newbie in the natural beauty space to a pro in just a few years. Here are six things she wishes she'd known at the beginning.

By Sarah Biggers

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

By Amanda Breen

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.

By Ben Angel

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

By Cynthia Kay