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21 Jan '13, 8am

Crowdonomic, the latest crowdfunding site from Singapore, wants to help startups raise money

Crowdonomic, the latest crowdfunding site from Singapore, wants to help startups raise money

Crowdonomic, the latest crowdfunding site from Singapore, wants to help startups raise money January 21, 2013 by Terence LEE There’s a new crowdfunding site in town, and it wants to help fellow startups succeed. Singapore-based Crowdonomic , which officially launched today, is kicking off with six projects raising SGD 30k each (USD 24k). The six startups involved are no strangers to the Singapore ecosystem. There’s FlagAHero , a peer-to-peer task marketplace, iCarsClub , a car lending platform, and QualityTime Lab , a company that develops software to foster family interaction. Crowdonomic aims to eventually expand across Asia. While funding targets have been fixed, campaigners can still collect the money even if the goals are not met. Like other crowdfunding sites, campaigns must offer incentives if individuals donate above certain thresholds. It charges a 9.5% admin fee ...

Full article: http://sgentrepreneurs.com/2013/01/21/crowdonomic-the-lat...

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