Thundafund

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Get your business idea or project funded on Thundafund

To go live on Thundafund, a project must meet certain requirements to ensure it aligns with the platform's values and goals.

Here are the requirements a project must meet:

1. South African-based: Thundafund is a crowdfunding platform designed specifically for South African entrepreneurs and creatives, so the project must be based in South Africa.
2. Clear and specific goal: The project must have a clear and specific goal that can be achieved within a set timeframe. This goal should be well-defined and easily understood by potential supporters.
3. Unique and innovative: Thundafund encourages unique and innovative ideas that have the potential to create positive change in society. Projects that are not innovative or do not add value to society may not be approved.
4. Authentic and transparent: The project creator must provide a detailed description of the project, including its goals, timelines, and expected outcomes. They must also be transparent about how the funds will be used and provide regular updates to supporters.
5. Realistic funding goal: The funding goal must be realistic and achievable within the project's set timeframe. It's important to note that if the funding goal is not met, the project will not receive any funds.
6. Legal compliance: The project must comply with all relevant laws and regulations. This includes ensuring that the project is legally registered and has all necessary permits and licenses. Additionally, the project must not involve any illegal activities or promote any unethical or harmful behavior.
7. Marketing plan: The project creator must have a clear marketing plan to promote the project and attract potential supporters. This may include social media marketing, email marketing, influencer outreach, and other marketing strategies.
8. Effective communication: The project creator must have effective communication skills to engage with supporters, provide updates on the project's progress, and answer any questions or concerns. This includes responding to messages and comments in a timely and professional manner.
9. Incentives for supporters: Thundafund encourages project creators to offer incentives to supporters, such as early access to the project or exclusive merchandise. These incentives can help motivate supporters to donate and promote the project to their networks.
10. Risk management plan: The project creator must have a risk management plan in place to mitigate any potential risks or challenges that may arise during the project's development and implementation. This may include contingency plans, backup strategies, and risk assessments.

Here's how Thundafund can be used to generate funds:

• Create a campaign: The first step is to create a campaign on Thundafund's platform. The campaign should describe your business project or idea, why it's unique, and how the funds raised will be used. You can also include images or videos to make the campaign more engaging.
  Set a funding goal: You'll need to set a funding goal for your campaign, which is the amount of money you need to raise to fund your project or idea.
• Thundafund recommends setting a realistic goal that is achievable within a specific timeframe.
• Choose a reward system: Thundafund allows you to set up a reward system for your campaign. This means that you can offer rewards to people who donate to your campaign, such as early access to your product or a discount on future purchases.
• Share your campaign: Once your campaign is live on Thundafund's platform, it's time to start promoting it. Share your campaign on social media, email, or any other channels that can reach your target audience. Thundafund also has a built-in sharing tool that makes it easy to share your campaign on social media.
• Receive funds: If your campaign reaches its funding goal within the set timeframe, Thundafund will transfer the funds to your account. Thundafund charges a small fee for its services, which is deducted from the total amount raised.

So who and what simply won’t get funded?

• Projects that promote illegal activities or are morally questionable.
• Projects that do not have a clear and specific goal or lack a realistic plan for achieving it.
• Projects that have already received significant funding from other sources.
• Businesses or projects that do not comply with relevant laws and regulations.
• Projects that promote hate speech, discrimination, or violence against any group of people.
• Projects that lack a viable market or have no clear target audience.
• Projects that are speculative or involve high levels of risk, such as cryptocurrency or forex trading.
• Projects that have a history of fraudulent or unethical behaviour.
• Businesses or projects that are already established and do not need additional funding.
• Projects that do not provide sufficient information or transparency about their goals, use of funds, or expected outcomes.