Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZ Entrepreneurs Get First Shot at Equity Crowdfunding

New Zealand Entrepreneurs Get First Shot at Equity Crowdfunding

Auckland, 26 February 2014 – Kiwi crowdfunding specialist, Crowdfunding NZ is giving New Zealand entrepreneurs and startups their first shot at equity crowdfunding through a newly launched platform, Fundakiwi.com.

Equity crowdfunding enables everyday Kiwi investors to invest in local businesses and access investments which were previously only available to venture capital firms and high net-worth individuals.

As part of its push to introduce equity crowdfunding to New Zealand entrepreneurs and investors, Fundakiwi is hosting a nationwide competition, in which entrepreneurs can win more than $10,000 worth of services from a variety of prize partners. These services will help budding entrepreneurs build and promote a real equity crowdfunding campaign once new legislation allows it and to potentially raise up to $2 million for their dream startup.

The grand prize includes free office space from ColabNZ and a professional campaign video by Auckland videographer Joey De Guzman. Among other essential services being sponsored by Fundakiwi's partners are the setup of a crowdfunding campaign by Multitude and prototyping services by Dunedin-based 3D printing company, Transcendent. Fundakiwi will also provide the winning entrepreneurs a complete set of financial forecasts for their business - courtesy of EdgeFF, the only financial forecasting automatically pre-approved by Crowdcube.com - the UK’s largest equity crowdfunding platform.

“This competition offers entrepreneurs the chance to both get their idea validated by potential customers and to get visibility for their startup in front of potential investors,” said Clive Fernandes, Managing Director of Crowdfunding NZ.

"More valuable than the $10,000 worth of prizes offered for the winning campaign, is the first-mover exposure to potential investors and the opportunity to be one of the first companies in New Zealand to be crowdfunded."

The competition is open for entries from now until 25 March. To enter or for more details visit www.fundakiwi.com.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Development: Screen Precinct Earmarked For Hobsonville Point

Auckland Council’s Auckland Development Committee has today passed a recommendation to create a screen precinct on council-owned land at Hobsonville Point. More>>

ALSO:

Scoop Business: NZ Business Confidence Plummets To Lowest Level Since GFC

New Zealands business confidence plunged to the lowest level in three years in the second quarter as companies became pessimistic about profitability expectations. More>>

ALSO:

Oceans: NZ Jumps Into International Shark Agreement

New Zealand has boosted the protection of sharks by signing the Memorandum of Understanding on the Conservation of Migratory Sharks. More>>

ALSO:

Insurance: EQC To Double Payout, Scrap Contents Insurance

New Zealand’s Earthquake Commission may double its payout amount, scrap contents insurance and process claims through private insurers under the government’s long-running review of funding and management of the state-run earthquake insurer. More>>

ALSO:

Gordon Campbell: On Tiwai Point (And Saying “No” In Greece)

Its hard to see how Rio Tinto’s one month delay in announcing its intentions about the Tiwai Point aluminium smelter is a good sign for (a) the jobs of the workers affected or (b) for the New Zealand taxpayer. More>>

ALSO:

Half Empty: Dairy Product Prices Extend Slide To Six-Year Low

Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction, weakening to the lowest level in six years. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news