In the Year of the Goat, Asia Pacific crowdfunding is awakening

By Crowdfundvibe Editor

Back in July 2013, Fortune magazine published an article lamenting the slow growth of crowdfunding in Asia. Wind forward 18 months or so and it is clear that the region is now making strides to catch up with the rest of the world. There are a number of significant global platforms setting up branch offices in the region and local crowdfunding platforms are established in most major countries. Several crowdfunding conferences have generated significant interest in the field and a series of governments are looking at changing their securities laws to authorise equity crowdfunding. Indeed with the continued delay in crowdfunding rule-making under the JOBS Act in the United States, the region is now moving more quickly than North America in this area.

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Second INITIATE: Pacific Crowdfunding Summit held in Sydney

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.

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Cheers all round: 1st equity crowdfunding campaign in New Zealand raises $700k

By Crowdfund Vibe staff writers

Renaissance Brewing Company has something to celebrate, apart from this weekend’s convincing win by the All Blacks over their fierce rugby rivals, the Australian Wallabies. On Saturday it successfully closed the first capital raising under New Zealand’s new equity crowdfunding laws after just 10 days.

The Marlborough craft brewery launched a campaign to raise NZD $600,000 on 13 August 2014, on the country’s new equity crowdfunding platform, Snowball Effect. Reflecting the strong interest in this new form of fundraising – and no doubt with the added attraction of some free product with its shares – Renaissance reached its initial goal on 21 August. The campaign closed yesterday when a total of 287 investors helped it achieve its funding cap of NZD $700,000.

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