Lets say you have a great business idea and would like to see it through. You have assembled your team and would like to go out to the world – blazing with your game changing projects. You only have one little problem- funding. You need money. Where do you get it?
After attending the garag3.com sponsored event in Singapore, here are some ideas I was able to learn and share with you here:
Getting Donations:
http://www.kickstarter.com/
Kickstarter lists projects from the creative arts—Art, Dance, Film, Music, Photography, Publishing, and Theater—as well as projects from the diverse and creative fields of Food, Design, Fashion, Technology, Games, comics and jouranlism. People then choose which projects they would like to fund. It could be yours.
One sample success story is from the Moonchild project. Sara Chong and Chen Yanyun, was in dire need of donations in order to finally finish their animated film – “Moonchild” They aimed for only 2000 USD in 60 days, but already got more than 4000 USD in 6 days!
Getting Equity Investors:
http://www.profounder.com/
ProFounder was created to ensure all entrepreneurs have access to the resources they need through the engagement of robust, supportive communities. Traditional funding sources can be expensive, difficult to access, or not a great fit for many small enterprises. Instead, we believe that communities can be the best source for the energy, encouragement, tools and capital small business entrepreneurs need to succeed.
Getting Loans:
http://www.kiva.org/
Kiva’s mission is to connect people, through lending, for the sake of alleviating poverty. Kiva empowers individuals to lend to an entrepreneur across the globe. By combining microfinance with the internet, Kiva is creating a global community of people connected through lending
I am sure that the Philippine government has counterpart funding scheme of some sort similar to Singapore’s Spring, MDA and IDA programs, but I am not aware of any at this point. If you have information about this, kindly share it with us here.
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