30 Oct 2014: The Singapore Exchange (SGX) is considering a platform for start-ups and SMEs. According to a number of reports the SGX has created an internal team that is looking at setting up an equity crowdfunding platform. This could be a first for a major securities exchange. This alternative platform would enable a startup to raise its initial seed capital in a cost effective way, and then move to a more traditional IPO when the business matures.
By Crowdfund Vibe Staff writers
Sydney hosted the INITIATE 2: Pacific Crowdfunding Summit on 8 September 2014. Held in the historic State Library of NSW, the event featured a veritable who’s who of leading Australian and global crowdfunding sites, including the founders of Pozible, ASSOB & StartSomeGood along with Anna Maguire, author of Crowdfund It. Jason Best, founder of Crowd Capital Advisers, gave an fascinating presentation via video link from San Francisco.
This was the second outing of the INITIATE formula following on from a successful first event last year in Wellington. Crowdfunding sites have been operating in Australia for a number of years. The diversity of its applications was one of the themes, in addition to the question of how to regulate equity funding in the country.