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

Data & Recovery

Invest in Your Company's Cybersecurity with This $50 Bundle

Train to become a certified ethical hacker with this collection of e-learning courses.

By Entrepreneur Store

Business Culture

Are 5-Day Workweeks Outdated? Exploring Alternative Schedules for the Modern Workforce

Discussing the history and evolution of the five-day workweek and exploring more flexible work schedules that better accommodate the diverse needs and lifestyles of today's workforce.

By Adam Markel

Growing a Business

3 Strategies to Keep Your Customers Coming Back For More

The critical risk area for losing a guest varies, depending on the industry and the individual guest's experience, but three main touch points offer opportunities to reinforce loyalty. Just remember that they can also drive guests away if not done right.

By Dave Ragosa

Starting a Business

Maximize Profits and Achieve Success With These Effective Goal Setting Tips

Join us for this exclusive subscriber Q&A, where Clinton Sparks shares his goal-setting secrets for all entrepreneurs.

By Entrepreneur Staff

Business Culture

Hybrid Work Is Failing Your Employees — Here's Why (and What You Can Do About It)

Business leaders are trying to choose between in-person and remote work. This leads to hybrid, which just isn't effective. Here's why.

By David Nilssen

Growing a Business

How to Properly Manage the Cash Flow of Your Startup

Ever think financial planning and analysis is just for big businesses? Think again! Startups thrive on solid financial planning, which is key to staying ahead of your competitors.

By Nick Chandi