Oh the Pozibilities in China!

By Kat Jenkins
from Multitude

Crowdfunding is all about innovation. Innovative products are the ones that capture our imagination and make something like the Oculus Rift possible. Crowdfunding as an activity was an innovation borne out of the 2008 financial crisis. The whole thing is like a marketplace where good innovations are voted in, and bad innovations are voted out.

One crowdfunding platform in particular definitely earns the crown as the most innovative by far. While Kickstarter is spending time planning parties and adding a category dedicated to bacon, another platform has expanded into the world’s Manufacturing Mecca. And it seems to be doing very well in a country which countless other tech giants have failed to crack.

That platform is Pozible.

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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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The Crowdfunding Scene in India : Still a Long Way to Go.

By Raghav Hegde

India first woke up to the potential of Crowdfunding, with the huge success of the super-hit Kannada language film, “Lucia”. Made by a struggling filmmaker called Pawan Kumar, using innovative crowdfunding techniques on Facebook and Twitter, Lucia made hefty profits, making $550,000 in the box office, surpassing by far the $100,000 spent on it. But, more than the excellent box office collections, and the prestigious awards won by its filmmakers, Lucia will always be remembered for being India’s very first online Crowdfunding success.

History & Tradition

Crowdfunding has always been a part of India’s rich heritage. It may be argued that every major temple built in India over the past two thousand years has been financed through money contributed by scores of devotees. Every mass based, popular festival or event in India, is made possible only because of financial support from the local people – businessmen, shopkeepers, housewives, factory workers and so on. What is different about the new Crowdfunding wave is that the process has gone online – to social media (Facebook, Twitter), or through several new Crowdfunding websites, such as Wishberry.in, Catapooolt.com, Start51.com, Fundlined,  and a half a dozen more, many of whom are members of the new National Crowdfunding Association of India.

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