Category Archives: Crowd Funding

Africa’s first impact-focused equity crowd funding portal founder … – CNBCAfrica.com

She is a pioneer in numerous fields: an entrepreneur who can recognise a great idea, and a philanthropist by nature who believes in profit with purpose. She is the quintessential modern woman and her name is Uneku (Neku) Atawodi.

Neku is the CEO and founder of Malaik, Africas first impact-focused equity crowd funding portal. Malaik was created to connect global and local investors with entrepreneurs raising equity finance. It aims to offer potential investors the chance to participate in Africas growth story.

Africa is brimming with entrepreneurs with growing high-impact businesses that could not only positively impact Africa, but the world, Neku says.

It is no wonder then that social entrepreneur and presenter of Chivas, Win the Right Way, Audu Maikori, tracked her down to share career insights over a glass of Chivas Regal 12 Year Old Whisky. Chivas, Win the Right Way is a TV series on CNBC Africa, featuring Africas most inspiring social entrepreneurs who run their business based on profit with purpose and use their shared success to inspire other African entrepreneurs to join a growing movement.

Neku is one of the few international female polo players in Africa her non-profit organisation, Ride to Shine, is the first self-funded NPO based in Abuja, Nigeria. Ride to Shine gives orphaned children access to equestrian activities and experiences. The organisation has a strong belief in the power of sports to develop key individual characteristics in a child.

Ride to Shine aims to use the sport of polo as a tool to open unimaginable doors for our children, giving them a global reach to develop into responsible individuals that go on to inspire their peers with a strong pay-it-forward ideology, says Neku.

When she is not working to enrich her community, she is a World Economic Forum Global Shaper, an associate fellow of the Royal Commonwealth Society and a Clinton Global Initiative Lead mentor. In addition, the Meltwater Entrepreneurial School of Technology (MEST) recently scooped her up as General Manager in its Lagos Incubator programme, which provides training, investment and mentoring to aspiring technology entrepreneurs. The programmes goal is to create globally successful companies that generate wealth and jobs locally in Africa.

I am a believer in all things that spur innovative disruption across sectors, says Neku. Technology is proving to challenge the status quo globally, and is now offering a solid route to empowering Africas youth.

Neku is living proof that opportunities are plentiful when you are willing to aim high and work hard. For her, the biggest rewards are gained through living a lifestyle that is inclusive and generous, and for Chivas, she is undoubtedly winning the right way.

Chivas, Win the Right Way is profiling six African social entrepreneurs, and has been airing on CNBC Africa, DStv channel 410, every Wednesday since September 7, 2016. Follow Chivas, Win the Right Way on social media: #WinTheRightWay http://www.chivas.com

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Africa's first impact-focused equity crowd funding portal founder ... - CNBCAfrica.com

Crowd funding campaign to save a two-year-old kid – Times of India

Hyderabad: Parents of two-year-old city boy who is suffering from a rare liver disorder since birth, have recently turned to crowd funding to raise money for an emergency liver transplant operation.

While the total cost of the operation has been pegged at Rs 22 lakh, parents of Nihaal Prian, who has been suffering from Progressive Familial Intrahepatic Cholestasis (PFIC) are trying to raise Rs 9 lakh through the crowd-funding platform Impact Guru.

So far, they have managed to raise close to Rs 93,937, through donations on the online platform.

"Since my son has been suffering from this rare liver disorder from birth, he has been suffering from intense itching, ever since we can remember. He keeps scratching his body rigorously through day and night and this often results in bleeding. He neither eats nor sleeps. Unable to bear the pain, he keeps crying continuously," said Ramakrishna, father of Nihaal and a daily wage labourer who lives in Manikonda with his family.

"We have consulted many hospitals, doctors and have tried taking many medicines to reduce the effects of the condition. Doctors have finally suggested undergoing an emergency liver transplant operation, which according to them, is mandatory and is only option left for my son to stay alive. My wife Swetha has agreed to be the donor for our son," he added.

According to research published by the National Technology for Biotechnology Information (NCBI), PFIC is part of a group of rare, chronic liver disorders which are caused by defects in bile secretion and whose symptoms usually manifest during infancy and childhood, typically three months after birth.

"Since Nihaal's birth, I have spent nearly Rs 3 lakh for his medication and have run into debts. For a daily labourer like me, who struggles to provide food twice a day, it is near to impossible to pay Rs 22 lakh for an operation. In spite of having approached state government departments regarding this, repeatedly, we have been denied any help. This is when doctors at the hospital suggested we use a crowdfunding platform instead," added Ramakrishna.

Graphics

Features of PFIC

A group of rare, chronic liver disorders

Caused by defects in bile secretion

Symptoms usually manifest during infancy and childhood

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Crowd funding campaign to save a two-year-old kid - Times of India

Arrowtown musician Holly Arrowsmith crowd funding new album – The Southland Times

SUE FEA

Last updated18:19, June 26 2017

Theresa Fryer

Arrowtown singer-songwriter Holly Arrowsmith is crowd funding her latest album.

House concerts and wedding gigs are all up for grabs as Queenstown's own TUI Award-winning queen of folk Holly Arrowsmith turns to crowdfunding for her second album due out later this year.

Arrowsmith, who was back home in Queenstown early this week to star in Auckland folk band Tiny Ruins' Sherwood show, launched a Kickstarter campaign on June 15.

She has until July 6 -22 days - to raise the $21,000 to fund her second album, which is almost complete.

Donations can range from as little as $10 or $20, for a free digital album or CD, through to $1000 for which Arrowsmith will sing at your wedding.

"I'll sing you down the isle and do a one-hour canape set for guests. For $1500 I'll do that in Australia as well, travel included," she said.

So far she's been pledged two $500 house concerts in Queenstown and Te Awamutu.

"We set up in your living room, or backyard, and create a beautiful ambience."

She's offering a host of other rewards, and if she doesn't reach her target by July 6, people don't pay on their pledges.

"I'm nervous, but hopeful," Arrowsmith said.

She's already got a generous pledge from an American family, who drove 321 kms (200 miles) from Minnesota to Wyoming to hear her show in the United States.

"People are basically pre-ordering now, buying my album to support its creation."

The money will cover production, mastering, pressing vinyls, CDs and marketing.

Arrowsmith describes this as her "most honest work yet" themes of home-sickness, loss, painful growth and hope in dim places. Cities emerge "like dark forests" for the first time, but as always there's a

strong reflection of nature.

Slow Train Creekwas written in a log cabin in the Rocky Mountains of Colorado during her American tour last year.

Most of the nine new songs were recorded in a 'pop-up studio' created in a Colac Bay bach where Arrowsmith and her Arrowtown producers, Tom Lynch and Steve Roberts, were holed up making music for several

weeks late last year.

"I think recording in that bach at Colac Bay has had a massive influence on the album," she said.

"It feels like you're sitting there next to the fire with me. The intimacy is cool."

She's trying to build on that in the final stages being recorded at renowned Lyttelton music studio, The Sitting Room,where she's working with producer Ben Edwards, who's recorded with Marlon Williams, Julia Jacklin and The Eastern.

Arrowsmith may have been born in Sante Fe, New Mexico, but it's the mountains of her beloved Wakatipu where she grew up, that have inspired the album.

"I'd just moved to Auckland 18 months ago when I started writing the album. I literally wrote the first song, Farewell,as we were driving out of the Kawarau Gorge, saying 'goodbye' to my home and all those nostalgic memories," she said.

"When I returned to Auckland from my South Island tour last year, and drove into that southern motorway, I felt really disappointed."

Soon after she and husband, Mike, moved to Christchurch.

"Auckland isn't a bad place, but I'm just a South Island girl at heart. I miss the people, the mountains, family and friends."

To donate search 'Holly Arrowsmith' on http://www.kickstarter.com

-Stuff

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Arrowtown musician Holly Arrowsmith crowd funding new album - The Southland Times

Ex-Googler Lina Gantar launches crowd funding agency in Manchester – Manchester Evening News

Ex-Googler Lina Gantar has launched a new crowd funding agency to help tech firms secure the money they need to scale up.

Nuuk, which has been created with partner Luka Cvikl and is based at Accelerate Spaces on Princess Street, Manchester, has already helped secure over $13m for 40 start-up businesses including Ossic X and Orbitkey.

As regular visitors to Google HQ in Dublin, Lina, 28, is a go-to market strategist, and Luka, 29, is a digital marketing expert and are set to play a major part in furthering Manchesters position as the tech innovation capital of the UK.

Both originally from Slovenia, the tech-savvy pair who first launched Nuuk in Dublin in 2015, relocated to Manchester where thet have grown their team to six members.

The company, which is aiming to target turnover of 500,000 for 2018, are also looking for new recruits.

Lina, said: Latest figures show that crowdfunding is a $34.4bn industry, which is expected to surpass venture capitalism by 1.8 this year. However, not all applicants are successful and theres a real skill to being selected - its vital to seek expert support to ensure success.

Nuuk works with companies all over the world, helping them secure the funding they need to launch and scale up. We specialise in tech, fashion and design industries but are open to using our experience to support a variety of businesses into action.

With their sights set on a 350,000 turnover for 2017, Lina and Luka are well on track to exceed their target.

Luka said: Weve purposefully formed quite a niche offering as the popularity of crowdfunding grows so too does the demand for dedicated, expert support to attain it.

Additionally, we see a big increase in the demand for go-to-market strategy, which is what crowdfunding essentially is, so we can apply our crowdfunding expertise to other industries as well.

Were meeting new clients all the time and our roster is rapidly expanding, so were feeling really positive about our future in Manchester.

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Ex-Googler Lina Gantar launches crowd funding agency in Manchester - Manchester Evening News

Crowd funding could be used to buy the long-vacant Bell Building downtown – Wyoming Tribune

CHEYENNE Steve Borin, a Cheyenne businessman and developer, is looking into using crowd funding as a way to buy a vacant building in downtown Cheyenne.

Borin informally presented his idea Tuesday to the City of Cheyennes Fight the Blight Committee.

His concept would help bring the vacant Bell Building at 1605 Central Ave. back to useful life or ultimately tear it down and use the space for other purposes.

Crowd funding is a process where people donate money online for a specific purpose.

Everybody who gives money to the crowd fund would then be interested in the downtown, Borin said. He stressed that he still is working out the kinks in his plan, but first the City of Cheyenne could use some of its grant money from the Environmental Protection Agencys brown field project to pay for cleaning up asbestos at the old building.

Once thats done, the public could buy the building through crowd funding. Anyone could contribute to the cost of the 18,869-square-foot building in downtown Cheyenne.

Developers could bid their proposals for renovation or redevelopment on the publicly owned building to the City of Cheyenne, he said. The city would select the developer and work could begin.

Personally, Borin likes the idea of creating a public meeting space there.

Thats a realistic approach. We do the crowd funding to get it to the point where somebody could bid on it and then rehab the building in a logical fashion, he said.

If the idea works, it can be used again with other vacant buildings in downtown Cheyenne.

It appears to me that its time that we cant lean on any particular public entity, he said, like the city or the Downtown Development Authority/Main Street.

Borin renovated an old building on 17th Street and turned its upper floors into five lofts.

I know it can be done, he said. It will take a lot of participating from everybody and a lot of out-of-the-box thinking.

The project would need to raise between $300,000 and $400,000.

The four-story Bell Building at 1605 Central Ave. has been vacant since 2004, according to Patrick Graham, a real estate agent who is listing the property for $425,000.

The earthen-colored building was constructed in 1913 and once was used as a car dealership, Graham said. He has seen a photograph of the building where six large floor-to-ceiling glass windows accent the second and third floors instead of the small windows located there now. Parked behind the windows are automobiles.

The building itself has huge I-beams inside, and structurally it is a pretty sound building, Graham said. But theres water damage and buckled floors, he said.

Speaking from a personal standpoint, Graham said the building can be saved, but he represents his clients first.

He said hes not sure how Borins plan would work, and that it has pros and cons.

Borin said his idea can improve downtown.

You take an unused property and make it bloom again, he said.

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Crowd funding could be used to buy the long-vacant Bell Building downtown - Wyoming Tribune

Wyo. Sec of State unveils new crowdfunding platform – Wyoming Business Report

Thanks to changes in federal and state statutes, Wyoming residents will be able - as of July 1 - to make investments through crowdfunding options. Information released by Secretary of State Ed Murray's office notes that crowd funding occurs when a business raises capital by seeking and receiving monetary investments by a large number of people.

The practice had not been available to investors until the Wyoming Legislature amended state securities statutes. Federal legislation was also changed a few years ago enabling individuals to invest in a non-publicly traded company if they were an "accredited investor" with $200,000 in hand or $300,000 in annual income or net worth over $1.0 million. Now, residents of Wyoming can invest in Wyoming businesses by joining others as investors.

The Secretary of State's information notes "crowdfunding platforms serve as portals where contributors can view, research and fund projects in various sectors, including technology, manufacturing and more." The office notes, "numerous crowdfunding platforms are active and raise millions of dollars for various projects."

There are five basic forms of crowdfunding:

1.Donations are a philanthropic gift with no expectation of a return.

2. Rewards are contributions in exchange for a possible pre-order of a product or other premiums.

3,4 and 5 Lending, Equity and Royalty all involve capital repayment, an ownership in a business or a share of revenue earned in return for an investment.

There have already been various crowd-funding operations that help non-profits in Wyoming, including the Powell Economic Partnership that used part of a $100,000 in federal funding to kickstart local efforts.

Will Dinneen of the Secretary of State's office said donation-based crowdfunding has been around for years in Wyoming and across the U.S. "WIN is different as it allows for the offer and sale of financial securities through crowd funding. Instead of receiving a gift or a possible tax deduction for a contribution, under WIN and other equity based models an investor would receive ownership shares in a business." Only Wyoming based companies and Wyoming investors can participate in WIN authorized efforts.

Wyoming statutes were changed in 2016 when Secretary of State Ed Murray noted that securities-based crowd funding would be incorporated into modernization of the Wyoming Securities Act. The agency included in proposed legislative changes WIN, the acronym for Wyoming Invests Now. The Cowboy State joined 36 other states in allowing crowd funding as a method individuals can use to invest in companies in Wyoming.

Once a business entity is registered with the Secretary of State's office they can initiate a crowd-funding model, which allows for equity or debt-based forms of securities or a combination of both. In return, investors are eligible to see a financial return on their money. Murray's information released earlier in June notes that "WIN opens new opportunities for potential adult investors."

Secretary Murray said, "WIN will open the door to community investors and allow them the opportunity to evaluate a good business idea, invest [their money] and seek a return on that investment." There are still risks with WIN investments, as there are with any participation in buying stocks, mutual funds or a variety of other products. Kelly Janes is director of the Secretary of State's Compliance Division. In an interview with AARPs Wyoming Newsletter she said "crowd funding is an exciting opportunity to raise capital but we want to caution investors to do their homework and contact our office to check the legitimacy of any investment offering."

The Secretary of State's office in Cheyenne can be reached at 307/777-7370 or atcompliance@wyo.gov.

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Wyo. Sec of State unveils new crowdfunding platform - Wyoming Business Report

Wyo. Sect’y of State unveils new crowdfunding platform – Wyoming Business Report

Thanks to changes in federal and state statutes, Wyoming residents will be able - as of July 1 - to make investments through crowdfunding options. Information released by Secretary of State Ed Murray's office notes that crowd funding occurs when a business raises capital by seeking and receiving monetary investments by a large number of people.

The practice had not been available to investors until the Wyoming Legislature amended state securities statutes. Federal legislation was also changed a few years ago enabling individuals to invest in a non-publicly traded company if they were an "accredited investor" with $200,000 in hand or $300,000 in annual income or net worth over $1.0 million. Now, residents of Wyoming can invest in Wyoming businesses by joining others as investors.

The Secretary of State's information notes "crowdfunding platforms serve as portals where contributors can view, research and fund projects in various sectors, including technology, manufacturing and more." The office notes, "numerous crowdfunding platforms are active and raise millions of dollars for various projects."

There are five basic forms of crowdfunding:

1.Donations are a philanthropic gift with no expectation of a return.

2. Rewards are contributions in exchange for a possible pre-order of a product or other premiums.

3,4 and 5 Lending, Equity and Royalty all involve capital repayment, an ownership in a business or a share of revenue earned in return for an investment.

There have already been various crowd-funding operations that help non-profits in Wyoming, including the Powell Economic Partnership that used part of a $100,000 in federal funding to kickstart local efforts.

Will Dinneen of the Secretary of State's office said donation-based crowdfunding has been around for years in Wyoming and across the U.S. "WIN is different as it allows for the offer and sale of financial securities through crowd funding. Instead of receiving a gift or a possible tax deduction for a contribution, under WIN and other equity based models an investor would receive ownership shares in a business." Only Wyoming based companies and Wyoming investors can participate in WIN authorized efforts.

Wyoming statutes were changed in 2016 when Secretary of State Ed Murray noted that securities-based crowd funding would be incorporated into modernization of the Wyoming Securities Act. The agency included in proposed legislative changes WIN, the acronym for Wyoming Invests Now. The Cowboy State joined 36 other states in allowing crowd funding as a method individuals can use to invest in companies in Wyoming.

Once a business entity is registered with the Secretary of State's office they can initiate a crowd-funding model, which allows for equity or debt-based forms of securities or a combination of both. In return, investors are eligible to see a financial return on their money. Murray's information released earlier in June notes that "WIN opens new opportunities for potential adult investors."

Secretary Murray said, "WIN will open the door to community investors and allow them the opportunity to evaluate a good business idea, invest [their money] and seek a return on that investment." There are still risks with WIN investments, as there are with any participation in buying stocks, mutual funds or a variety of other products. Kelly Janes is director of the Secretary of State's Compliance Division. In an interview with AARPs Wyoming Newsletter she said "crowd funding is an exciting opportunity to raise capital but we want to caution investors to do their homework and contact our office to check the legitimacy of any investment offering."

The Secretary of State's office in Cheyenne can be reached at 307/777-7370 or atcompliance@wyo.gov.

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Wyo. Sect'y of State unveils new crowdfunding platform - Wyoming Business Report

Where is the crowd-funding for the destitute? – News24

2017-06-09 15:02

Maxine Becket

If there's one thing about South Africans, it's our ability to come together when disaster strikes.

This week saw the devastation of homes and lives in the Western Cape by gale force winds, fires and rain, causing flooding in some areas.

It didn't take long for South Africans to start crowd funding for the families affected by the fires in Knysna, offer their homes and start Facebook groups to help find people who went missing in the chaos. These acts are to be admired and it probably made things a little easier for those who lost their homes to the fires.

But the efforts are slightly skewed.

Where was the crowd funding or private sector to offer time, money or blankets to our brothers and sisters in Mfuleni or Lavender Hill, who just hours before the fires in Knysna, also lost everything?

It must be difficult watching your every possession go up in flames, trying to salvage what you can. Imagine that happening twice.

Our people in Imizamo Yethu don't have to. They rebuilt their lives after a fire ravaged through the informal settlement just two months ago and now they have to do it again after powerful winds swept through the area, taking with it anything in its path.

Where are the offers for accommodation for these people? They are the destitute folk who don't have resources to provide for themselves. These are our people in Imizamo Yethu, Mfuleni and Khayelitsha - already dirt poor yet no drop off point for groceries has been arranged for them, after the little they had is gone.

Where do we suppose they will go after everything has settled? They do not have insurance to cover them. They do not have a lifeline.

They are destitute. Destitute.

Of course, our hearts go out to those who lost their homes to the brutal fires in Knysna, it's a tragedy and it's sad. Maybe we can't compare the severity of the fires to the storm in Cape Town or the devastation suffered. We can't help everyone. But we do know that some are more "destitute" than others and while some are able to get into their cars and drive to a new beginning others are trying to figure out how they are going to start over, for a third time.

- Maxine Becket is a content producer at News24.

Disclaimer: News24 encourages freedom of speech and the expression of diverse views. The views of columnists published on News24 are therefore their own and do not necessarily represent the views of News24.

* Only comments that contribute to a constructive debate will be approved by moderators.

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Where is the crowd-funding for the destitute? - News24

Florida education news: #HB7069, teacher diversity, crowd funding and more – Tampabay.com (blog)

#HB7069:Backroom dealing over the Florida Legislature's proposed education budget and conforming bill caught even lawmakers offguard. Education advocates continue to call for a veto of HB 7069 despite Gov. Rick Scott's insistence on higher per-student funding as part of the agreement. St. Johns County school district leaders worry that provisions for "schools of hope" in the bill will diminish support for traditional public schools, the St. Augustine Record reports. More on "schools of hope" from TC Palm. A special session begins Wednesday, Florida Politics reports.

TEACHER DIVERSITY: The Pinellas County school district aims to increase its ratio of black teachers.

CROWD FUNDING:South Florida teachers turn to online fundraising sources to help pay for some basic classroom items, as well as some extras, the Sun-Sentinel reports.

BUDGET CUTS: Marion County school district leaders look for $10 million in spending reductions that have limited classroom effect, the Ocala Star-Banner reports.

SUMMER SLIDE:Polk County educators offer ideas to keep kids learning over the summer, the Ledger reports.

COST OF LIVING:Gov. Rick Scott vetoes funding to study teacher cost-of-living disparities, the Miami Herald reports.

SUPERINTENDENTS:Clay County School Board members give new superintendent Addison Davis positive marks after six months on the job, the Florida Times-Union reports.

SCHEDULING:All Lee County middle schools will run on the same block schedules in the fall, the Fort Myers News-Press reports.

LETTERHEAD: Sarasota High School gets a new address after renovations relocate its entrance, the Herald-Tribune reports.

PERSONALIZED LEARNING: A lab school in Gainesville dives into personalized learning for its students, Redefined reports.

READING LESSONS: Sarasota County schools rely on Direct Instruction to teach children to read, the Herald-Tribune reports.

NEW LAW:Gov. Rick Scott has signed into law HB 293, mandating a study of high-performing middle school reading and math programs in other states. The study has a budget of $50,000.

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Florida education news: #HB7069, teacher diversity, crowd funding and more - Tampabay.com (blog)

BBB Has Advice Before You Contribute To A Crowd Funding Site – Newstalkkgvo

There are over 2,000 Crowd Funding sites on the internet, and the Better Business Bureau has been busy fielding complaints from individuals who have contributed online.

BBB spokesman Dan Buchta said contributors are complaining that they are not receiving what they were promised from the recipient of their Crowd Funding contribution.

People make an investment of $50 or $100 dollars, hoping to receive something in return, Buchta began. However, they go online to check the status of the project and find that theyre giving to a campaign thats really just helping to fund someones lifestyle, and that money is just going into someones pocket.

Buchta said the BBB advises potential contributors to take certain steps to protect themselves.

Look for current and ongoing updates, Buchta said. Make sure they have a presence on Linked In or Facebook. Read the fine print before you donate to make sure you are fully informed about the project. Check court documents to ensure the organization or individuals dont have a criminal record, and also, dont just assume that your contribution will be tax deductible.

While there are some charities that are funded through these Crowd Funding sites, a lot of them are just business projects and the money youre giving is not tax deductible, he said. Youre basically just making a business investment.

Buchta encourages a visit to the BBB website for more tips, or call 406-303-3296.

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BBB Has Advice Before You Contribute To A Crowd Funding Site - Newstalkkgvo