Wine industry turns to crowdfunding

Filmmakers, tinkerers and IT innovators aren't the only ones turning to the internet to fund their projects. Through a new platform dubbed Fundovino, the crowdfunding principle has now made its way to the winemaking industry.

Read the story

Just as foodies seek out CSA (community-supported agriculture) programs to support local farmers, many wine enthusiasts are on the lookout for ways to get involved with the producers of their favorite beverages. But for those who aren't crazy about the idea of "sponsoring a vine" (a recent trend) or driving out to a vineyard every weekend to lend a hand, the new crowdfunding website provides plenty of alternatives.

Based in France, the website invites oenophiles around the world to contribute to winemaking projects that interest them, usually in exchange for special rewards. Among the handful of winemakers already seeking funding through the platform is a producer in the Rhône Valley's Cornas region aiming to preserve and reintroduce the endangered Dureza grape variety, a parent to the more famous Syrah grape.

In addition to such lofty and idealistic projects, there are also campaigns to fund essential purchases that will allow wineries to stay in business. David Reynaud, of the Crozes-Hermitage region, hopes to fund the installation of a bottling line, which will allow him to more closely control this stage of the production process.

In contrast with some crowdfunding sites such as My Major Company, does not allow supporters to acquire shares in the wineries seeking financial support. The contract between donors and winemakers is purely a moral one, and donors are rewarded "in kind," usually through a few bottles of wine or an exclusive tasting session at the winery.


Latest Tech & Science News

  • New species of frog unearthed in Peruvian Amazon jungle

    Tech & Science CTV News
    LIMA, PERU -- A new species of marsupial frog has been discovered in Peru's Amazon jungle, the state service for natural protected areas said on Monday. The new species belongs to the Gastrotheca genus of tailless frogs found in South and Central America. Source
  • Canada's greenhouse gas emissions increased slightly in first year of carbon tax: report

    Tech & Science CBC News
    Greenhouse gas emissions in Canada ticked up slightly in 2019 — the first year that the national carbon pricing mechanism was in place — according to a new report published today by Environment and Climate Change Canada. Source
  • NASA's Artemis program will land the first person of colour on the moon

    Tech & Science CTV News
    The Artemis program will land the first person of colour on the moon, according to NASA. The new goal for the program, which seeks to land the first woman and the next man on at the lunar south pole by 2024, comes from the Biden-Harris administration. Source
  • New York state pension fund says it's selling off a $7M stake in oilsands

    Tech & Science CBC News
    New York's multi-billion-dollar government-run pension fund announced today that it's pulling investments worth more than $7 million out of some of Canada's major players in the oilsands. The New York State Pension Fund — the third largest such fund in the United States — said it would be selling off securities in several Canadian oilsands companies and would not make future investments in them. Source
  • Soviet cosmonaut made pioneering spaceflight 60 years ago

    Tech & Science CTV News
    MOSCOW -- Crushed into the pilot's seat by heavy G-forces, Soviet cosmonaut Yuri Gagarin saw flames outside his spacecraft and prepared to die. His voice broke the tense silence at ground control: "I'm burning. Goodbye, comrades. Source
  • Canada's Telesat takes on Musk and Bezos in space race to provide fast broadband

    Tech & Science CTV News
    OTTAWA -- Canada's Telesat is racing to launch a low-earth-orbit (LEO) satellite constellation to provide high-speed global broadband from space, pitting the satellite communications firm founded in 1969 against two trailblazing billionaires, Elon Musk and Jeff Bezos. Source
  • Grizzly bears prefer walking on gentle slopes at a leisurely pace like humans, study says

    Tech & Science CBC News
    Grizzly bears seem to favour gently sloping or flat trails like those commonly used by people, which can affect land management practices in wild areas, says an expert who has written a paper on their travel patterns. Source
  • 'Super pink moon' expected later this month

    Tech & Science CTV News
    TORONTO -- Be sure to take a look at the night sky later this month because the next full moon on April 26 will be a "super pink moon," according to the Old Farmer's Almanac. It's the first of two supermoons this year. Source
  • The COVID-19 wasteland: searching for clues to the pandemic in the sewers

    Tech & Science CTV News
    OTTAWA -- When Ottawa Public Health officials are trying to decide whether restrictions in the city need to tighten up, they look to the normal markers like positive tests, patients in hospital, and outbreaks. But they are also among the few in the country that take cues from the city's sewers. Source
  • NASA delays Mars helicopter flight for tech check

    Tech & Science CTV News
    WASHINGTON, UNITED STATES -- NASA has delayed by at least several days the first flight of its mini-helicopter on Mars after a possible tech issue emerged while testing its rotors, the U.S. space agency said Saturday. Source