Wadiz School Makes Its Mark as Crowdfunding Gateway… Maker Demand Surges 56-Fold

Wadiz School Makes Its Mark as Crowdfunding Gateway… Maker Demand Surges 56-Fold

- Single Program Attracts Record 1,000+ Applicants…Practical Consulting on Success Strategies Proves Effective
- Cumulative 10,000 Participants… About 40% of Teams That Launched Funding Have Completed Wadiz School Training
- The education and consulting program ‘Wadiz School’, which introduces the world of crowdfunding, is experiencing remarkable growth.

Wadiz, a lifestyle design crowdfunding platform, announced that ‘Wadiz School’, which it has been operating to revitalize the funding industry and local startup ecosystem, has successively broken recruitment records with over 1,000 single applicants. 

Compared to 2016 when Wadiz School officially began, this represents explosive growth over seven years, with average monthly applicants increasing 56-fold. In 2016, approximately 80 people applied per month on average, but in January 2023, based on the 26th, about 5,000 people applied, and the program engaged over 10,000 cumulative startup teams.

Wadiz School provides step-by-step segmented information that makers need, including the education and networking program ‘Maker Day’ for makers challenging and launching funding, as well as △Introduction △Practical △Mentoring △Special Lectures and more. The ‘Beginner Class’, which recruited a record 1,000 people as a single program this time, is a class for funding novices and shared know-how on how to launch and increase success rates in funding.

Before COVID-19, it operated only offline, but succeeded in transitioning online after the pandemic, becoming even more sophisticated. In fact, approximately 40% of teams that launched funding have a history of taking Wadiz School courses.

What proved most effective was word-of-mouth about being able to receive practical help by providing success know-how sharing and consulting rather than simply one-way education. Representative makers who started and grew together with Wadiz School include Tomin (Food), Dimaff (Beauty), and Bella C&C (Beauty). Kim Mi-ra, Team Lead of Bella C&C, a maker that raised a cumulative 800 million won through vegan beauty products, said "At first, the concept of funding was unfamiliar, but as I gradually learned and took on the challenge, and achieved good results, I realized the impact that funding has. I think Wadiz is a channel to communicate with customers with authenticity. If you challenge without hesitation, it will be of great help in brand expansion." 

Jang Min-young, the Team Lead overseeing Wadiz School, said "So far, we have poured all our efforts into communicating to the market how crowdfunding, from its very concept, can provide practical help to entrepreneurs" and "With great growth achieved in seven years, we will continue to build an ecosystem where anyone can start and grow through funding through providing broad information and communication."