Photo credit; epSos.de on Flickr

Crowdfunding platform Kickstarter will be live in New Zealand as of Nov. 13.

The US-based platform, which has helped raise more than $US800 million for creative projects broke the news recently via its online blog.

“In August we announced that Kickstarter would soon open up to projects based in Australia and New Zealand for the first time. Today we’re happy to announce that the day has finally come!,” the blog read.

The company said New Zealanders could start building their projects now and would be able to launch those projects on Wednesday, November 13.

“We thought the month-long gap would give everyone plenty of time to build and tweak their projects before launching. Beginning November 13, they can launch and share their projects with the world.”

Crowdfunding is a modern alternative to traditional funding avenues such as bank loans. It enables people to raise money through pledges from a large number of people, usually through a web-based campaign.

Until now, Kickstarter has only been open to US, UK and Canadian citizens.

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