Funds for the Budding Entrepreneurs

Posted on
  • Tuesday, February 19, 2013
  • by
  • Jennifer C. Jimenez
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  • It’s hard to undertake a mission without cash, especially if it’s an entrepreneurial idea that has long been conceived in your mind. But in the age where everything seems to be at our fingertips, is start-up cash still that hard to find?

    Entrepreneurship has been highly supported by the business industry nowadays. Now, there are several possible options for the aspiring entrepreneurs to turn their ideas into reality.

    Crowdfunding pertains to collective funding of a particular venture, usually by people who believed in both the feasibility and the mission of a project. Below are the sites you can visit to pitch your business ideas to angel investors. Though a lot of these are based abroad, these are accessible to everyone from the different corners of the world.

    1.      Kickstarter
    -This is the most popular crowdfunding US-based platform that allows creative idea owners from different parts of the world to get funding. The angel investors or “backers” pledge money in return for “rewards”,  which could be in either monetary or non-monetary form.

    2.      Kickstart Ventures Inc.
    -Kickstart is different from Kickstarter. This is an entrepreneurship incubation venture launched by Globe Telecom, a pioneer telco player in terms of innovation in the Philippines. Globe launched this program to support the technopreneurs in the country. Kickstart offers facilities, seed funding, coaching and the networks necessary for a technopreneur to be successful.

    3.      Ideaspace
    -Ideaspace was launched by another big player in the Philippines’ telco industry: Smart Telecom. I first heard about this straight from the brain of the foundation himself, Mr. Earl Martin Valencia. He is a living inspiration to the other entrepreneurs, as he pursued his dream and went on to being one of the tech geniuses in the country. He said, “Opportunities will come to you, and all you need is to apply and try. You have to be prepared, because you don’t know if the next opportunity will be the one changing your life.”

    4.      ToGather.Asia
    -is an crowdfunding site for budding entrepreneurs in Asia. It operates similarly to that of Kickstarter.

    5.      Crowdcube
    -This is the world’s first equity crowdfunding platform. It is UK-based and it enables small start-ups to get investment from backers in return for the promised rewards. Crowdcube gets 5% from all successful fundraising. By 2012, it has already helped 21 companies gain funds for investments.

    6.      Indiegogo
    -This US-based world crowdfunding platform was initially geared towards films, but now accepts creative ideas from different fields. It takes 4% from the total funding fee of successful projects and 9% from those that were unsuccessful. Its interface is very attractive, too!

    7.      Fundable
    -This another US-based platform enables start-ups to get investors to buy their equities.

    8.      Rock the Post
    -It is a US-based site that combines the elements of crowdfunding and social networking. It enables communities to gather around new business ventures or ideas, thus helping them get not just funding, but the support, advice and encouragements as well.

    9.      RocketHub
    -The site is open to entrepreneurs worldwide. It enables them to get funding from fuelers. The latter can opt to vote them in the Launchpad Opportunities, and if the venture won, it can get assistance from prominent international marketers.

    10.  Gambitious
    This unique platform serves as a bridge to the digital gamers and game developers. Gambitious enables the gamers to support the gaming ideas they like by providing funds and pre-launch buzz to ensure the games’ success. Europe-based funders can also opt to buy equities of the company that develops the game.

    11.  Appstori
    -This one is for the app lovers! This New-York based platform allows app lovers to support and fund the app ideas that they like. They can also provide pre-launch support through beta-testing and providing the apps’ much-needed feedback.

    12.  ZaoZao
    -Fashion-lovers unite! This Hongkong-based crowdfunding site links the fashion designers and the fashion lovers to create an avenue for engagement by enabling the latter to provide pre-production funding.

    Internet can be a powerful tool if utilized wisely. Crowdfunding is the latest name of the game when it comes to start-up fundraising. Here’s a word of warning: backers can sense sincerity and zeal. They are willing to part from their hard-earned money as long as they can smell a sense of purpose and commitment. Maybe others can fool some once, but it’s easy to track digital footprints in the advent of modern tools.

    Entrepreneurship is not for the weak. But the sense of fulfillment that these brave souls get is surely worth the risks.


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