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

 

Media: Fairfax Moves To Create Modern Newsroom

Fairfax Media New Zealand continues its newsroom transformation this week, with a proposal to further organise its editorial operations into focused, local teams and specialist national topic areas. More>>

ALSO:

Dairy: Fonterra Forecast For 2015/16 Season

Fonterra Co-operative Group Limited has today reduced its forecast Farmgate Milk Price for the 2014/15 season to $4.40 per kgMS. Along with its previously announced forecast dividend range of 20-30 cents per share, the change amounts to a forecast ... More>>

ALSO:

BusinessDesk: SkyCity Lifts Minimum Convention Centre Investment To $430M

SkyCity Entertainment Group, the casino operator, has lifted the minimum it will invest in the Auckland International Convention Centre to $430 million and said total costs including land may be $450 million to $470 million. More>>

Statistics: Drop In Dairy Prices Leads Fall In Exports

Total goods exports fell $240 million (5.5 percent) to $4.2 billion in April 2015 compared with April 2014, Statistics New Zealand said today. More>>

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>


BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>

BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news