More than just news
A new plastic flow hive invention that threatens to revolutionize the world honey market.
PIP COURTNEY, PRESENTER: Still on honey - the launch of a new free-flow beehive in recent weeks has had investors swarming. The Flow Hive was created by two Northern Rivers backyard beekeepers who were determined to find a simpler way to harvest their honey.
They ended up harvesting money, as an online crowdfunding initiative took off, with more than US$2 million pledged.
Here's Adrienne Francis.
ADRIENNE FRANCIS, REPORTER: Father and son Stuart and Cedar Anderson are honey hobbyists from the Northern Rivers of New South Wales. This slick and feel-good campaign of theirs is one of the latest crowdfunding success stories.
Instead of applying for a bank loan or grant, crowdfunding allows people seeking money to post a description of their project and a fundraising target online. Sponsors can donate small amounts to help the project take flight and the crowdfunding website makes money through a levy on the total funds raised.