Sydney, Australia – Design crowdsourcing site DesignCrowd.ca has set a new crowdsourcing record helping a Canadian entrepreneur crowdsource over 5,000 logo ideas.

A Canadian entrepreneur and client of DesignCrowd.ca, has received over 5,000 entries to a logo contest setting a new record for online logo crowdsourcing. TimesSquare.com - founded by Canadian entrepreneur Lorenzo Tartamella – offered $10,000 to crowdsource a new logo on DesignCrowd.ca has received 5,706 logo designs.

DesignCrowd CEO Alec Lynch said, “We believe TimesSquare.com’s $10,000 prize was the largest ever for an online logo contest and the first time an online logo crowdsourcing has received over 5,000 submissions for a client. The project is a fantastic case study in crowdsourcing and really highlights the power and creativity of the crowd.”

The contest received 5,706 submissions from 1,319 designers which included top design agencies. The client average cost of a design idea was $1.75 per design.

The contest and its entries can be viewed here: http://www.designcrowd.ca/timessquare-logo-contest

Lorenzo Tartamella, the founder of TimesSquare.com, said, “We needed to find a more creative approach to procuring a new logo design. I wanted the process to be easy, the design ideas to be more creative and the design talent to be global so I chose DesignCrowd to launch my contest. The process has exceeded our expectations and the world record is icing on the cake after a great experience.”

The winning logo will be unveiled in Times Square on December 12, 2012 (“12-12-12″) followed by a book launch featuring a selection of the entries from the contest. Participating designers whose designs are not selected will be invited to sell these designs on DesignCrowd’s sister website BrandCrowd.com – which allows designers to sell and monetise their unused designs.

The success of the TimesSquare.com logo contest follows a strong period of growth for DesignCrowd which had launched in Canada earlier this year. In the last 12 months, DesignCrowd has also launched in the UK and New Zealand, received a $3M investment from Starfish Ventures, acquired Brandstack.com, reached 100,000 users and launched a premium logo marketplace (BrandCrowd.com).

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