An Olympic hopeful from Penticton has successfully raised the money he needs to continue training for the Winter Games in Sochi next year.

Freestyle skier Matt Margetts is the second-highest ranked Canadian in his sport, and while some of his training is covered by the federal government’s Own the Podium program, he still needed to raise $20,000 to keep his Olympic dream alive.

Margetts turned to Pursu.it, an online crowdfunding website specifically created to help Canadian athletes secure the extra funding they need to compete. In just nine days, Margetts had his $20,000.

"It was unreal,” says the 25-year-old. “I had never expected to have so much support and so many people in my corner from all over the world."

Matt Margetts

Matt Margetts, who grew up skiing at Apex Mountain Resort near Penticton, hopes to qualify for the 2014 Winter Olympic Games in Sochi, Russia. (Canadian Freestyle Ski Association )

Tom Hall is a Canadian Olympian who won a bronze medal in canoe sprint at the 2008 Summer Games. He now advocates for athletes in their quest for financial support.

"Internationally if you don't have a big enough budget to pay for all the training and living and extra expenses you've got, you're just not going to compete," he says.

Hall notes that many Canadian Olympic hopefuls are forced to market themselves these days, when in the past they could just focus on training.

2013/2014 Budget, Canadian Halfpipe Ski Team

Expenses

Team Fees – $2,500.00

Training Camps:
Mammoth, California – $5,112.00
New Zealand – $5,536.00
Copper, Colorado – $2,406.00

(Includes flights, accommodation, lift access)

Olympic Qualifying Events:
December 12-22: Dew Tour in Breckenridge, Colorado & 
World Cup in Copper, Colorado – $606.00
January 3-4: World Cup in Calgary, Alberta – $761.00
January 10-11: World Cup in Northstar, California – $419.00
January 23-26: X Games in Aspen, Colorado – $703.00

(Flights only. Does not include accommodation, registration fees, lift access, etc.)
Transaction Fees: $1,957

Total – $20,000.00

Source: Matt Margetts

With files from CBC's Brady Strachan