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Singapore telco launches crowdfunding platform

Zafar Anjum | April 10, 2014
StarHub i3 introduces online social launchpad Crowdtivate to connect entrepreneurs and artists with their supporters

Singapore telco StarHub has announced the beta launch of a new crowdfunding platform for the region: Crowdtivate (www.crowdtivate.com).

According to a statement from the telco, this online social launchpad is 'aimed at helping local and Asia-based entrepreneurs and artists make their innovative ideas come true'.

Crowdtivate is an open platform for entrepreneurs and artists that will facilitate financial contributions from supporters around the region via a funding system in return for specific rewards.

Crowdtivate is co-managed by StarHub i3 and its partner, Crowdonomic, a crowd-powered technology solutions and strategic advisory firm based in Singapore.

StarHub i3 is formed to lead the company (StarHub) to becoming a top player in technological innovations and digital initiatives.

Other supporters of the programme include Home-Fix Experience Centre, National Book Development Council of Singapore, NUS Design Incubation Centre and Singapore Infocomm Technology Federation.

Crowdtivate is currently open to entrepreneurs and artists to propose projects for crowdfunding. Interested parties can visit www.crowdtivate.com to request for an Invitation Code to enter the platform, the telco said in its statement.

"With Crowdtivate, we aim to tap into a continuous source of innovative and creative ideas from local inventors, and ultimately help them grow as a future business or incorporate them into our service platforms," said Stephen Lee, StarHub's Head of i3 (Innovation, Investment, Incubation).

Crowdtivate accepts ideas or projects related to arts/books/films, technology and assistive technology. After an idea or project is accepted, Crowdtivate provides mentorship to create good campaigns, with options for support in business incubation and regional outreach. In addition, the top three monthly Crowdtivate campaigns will receive exclusive assistance, including access to test users, marketing support, startup funding, free software development, invention development, and infrastructure support.

Crowdtivate will be open in May 2014. 

 

 

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