Asia’s first crowdfunding summit

By Crowdfund Vibe Staff Writers

“When I first heard about crowdfunding I thought it was too good to be true. They told me I could pitch my idea to the public on a crowdfunding platform or event, and if people liked the idea, they’d contribute to it.”  says Ms Kwek Hong Sin, organiser of the Singapore Summit.

Hong Sin, a former cyber security business developer, heard of crowdfunding when she was rejected by venture capitalists for another business in 2013. She travelled to San Diego, Silicon Valley, Las Vegas to find out more about the crowdfunding phenomenon. On her trip, she met some of the leading lights in crowdfunding and observed the impact it had on the regional economy and startups across the United States. “I went to the US to get money, but I left wanting to drive Asian crowdfunding,” she relates. Since that time she has been working tirelessly to organise the two day event which starts on Monday.

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The Lion City Roaring: Is Singapore leading the way in Asia with crowdfunding innovation?

By Crowdfund Vibe Staff Writers

Crowdfunding is more developed in Europe, North America & Australia/NZ, than it is in Asian countries. This situation is changing rapidly in Singapore. Crowdfunding activity has ramped up significantly in the Lion City over the past 12 months.

Like many parts of the world, various overseas crowdfunding platforms such as Kickstarter and Indiegogo have been available to residents of Singapore for some years. More recently they have been joined by the Australian-based global platform Pozible. Indiegogo has upgraded its service to  support funding in the local currency which has enhanced its appeal.

There has also been a flurry of new Singaporean crowdfunding platforms together with some notable fundraisings. The Singaporean public is starting to take a keen interest in this new business concept. It would seem Singapore may now be the trend-setter in Asian crowdfunding.

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