I always like to find out about design related campaigns on crowdsourcing platforms (here and here are two I've mentioned before), so when I read about BYCO on inattendu I hopped over right away - and wasn't disappointed. BYCO is a recently launched platform for microfinanced design, focusing on fashion and a bit of home accessories. The idea behind it is that you can both fund ideas and shop successfully funded designs on the site. Designers can submit their ideas, the BYCO team selects and calculates the cost for a prototype and if the prototype gets funded it will be produced and sold online for a limited time on BYCO, with funders getting their share of the profit as well.
The first designs you can shop there look very promising and the idea sounds like a great chance for young designers and a win-win situation for all parties to me - let's hope it will be successful!