Is there a sure-fire formula to crowdfunding?

A new crowdfunding challenge has been launched, designed to be a sure-fire formula to help entrepreneurs and creative bring their projects to fruition.

The Multitude Crowdfunding Challenge leads entrepreneurs through a 12-week crash-course in crowdfunding. Launching February 1st, the crash course will take participants from zero to funded by the end of April 2016.

Participants will receive expert advice through group webinars, and an exclusive online community. Along the way, they'll be provided with Multitude's proven cheat-sheets to make planning their campaign easy.

Multitude is owned and run by Kat Jenkins, who currently has 45 crowdfunding projects under her belt. Over the past two years, she has contributed to raising nearly $1.2 million dollars for the arts and business sectors, with a success rate of 90%.

"Over the last two years I've worked out the formula for success," says Jenkins.

 "Failure happens in two places: campaign preparation and during the campaign itself," she explains.

"The challenge is designed to support people through both these stages, and help them understand what they need to do to succeed."