Students are now using them to raise funds for the creative projects they plan to present at national and international level competitions. Besides college funds, students also get financial aid through sponsors, which usually are not sufficient to develop a competitive product capable of winning against the best in the world. Wishberry, a crowdfunding platform has observed that, on an average, 70 per cent funds come in from alumni. Student projects that crowdfund on Wishberry, are primarily by engineering students from reputed institutes across India such as MIT, NMIMS, VIT University, R.V. So far, 26 student projects have raised over 40 lakhs on Wishberry."

Source: dna November 21, 2016 02:18 UTC