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11/15/2013 McKinsey & Co - Why crowdfunding appeals to the Middle East
12/30/2013 KQED Radio - Richard Swart - A How-To Guide to Crowdfunding 12/20/2013 Gulf Times - Silatech Hosts Seminar...

World Bank-supported Climate Innovation Center launches program to promote crowdfunding campaigns for Kenyan entrepreneurs

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Media Invitation

 

World Bank-supported Climate Innovation Center launches program to promote crowdfunding campaigns for Kenyan entrepreneurs

 

On August 28, 2014 the Kenya Climate Innovation Center (KCIC) — an initiative of the World Bank and its global entrepreneurship program infoDev —invites you to a pitch competition and award ceremony for clean technology entrepreneurs who will participate in the first-ever support program for crowdfunding in East Africa.

Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people through an online platform. It has the potential to connect local cleantech ventures with more than 340 million households in the developing world able to make investments in community businesses. The latest World Bank/infoDev study - Crowdfunding's Potential for the Developing World - estimates that together these households will have the ability to deploy up to US$96 billion a year by 2025.

To help Kenyan entrepreneurs tap this emerging market, the KCIC and its partner Crowdfund Capital Advisors (CCA) will conduct two days of hands-on training on the current status of crowdfunding and crowdfunding campaigns in Kenya and the world. The training will be concluded by a pitch competition in which 20 companies supported by the Kenya CIC will participate. The winners of the contest will receive support and mentorship to launch and run their own crowdfunding campaigns.

Media are invited to pitch competition and the subsequent award ceremony on Thursday August 28, 2014. 

To attend, please RSVP to This email address is being protected from spambots. You need JavaScript enabled to view it. or +254 703 034 701

WHAT: Kenya Climate Innovation Center Crowdfunding Workshop

  • §9:00-12:00: 15 minute presentations by the Top 20 KCIC teams
  • §14:00-14:30: Announcement of winning teams

WHEN: Thursday, August 28, 2014 from 9:00 am to 2: 30 pm 

WHO: Crowdfund Capital Advisors, Kenya Climate Innovation Center, and 20 of Kenya’s most innovative clean-tech companies

WHERE: Strathmore Business School, Ole Sangale Road Madaraka, Nairobi Kenya

For media requests, please contact:

Kenya CIC, Nairobi, Kenya

World Bank, Nairobi, Kenya

Mary Njoroge, Program Officer

Peter Warutere, Sr. Communications Officer

Tel: +254 20 2936487

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Tel: +254.20.293.6444

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

The KCIC is part of infoDev’s Climate Technology Program (CTP), which is currently implementing a global network of innovation centers across seven other countries. The KCIC is supported by the government of Denmark, UKAid and the World Bank.

 

www.infodev.org/climate          http://www.worldbank.org/en/country/kenya

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New report cites potential for Crowdfund Investing for Women and Minorities

  • Crowdfund Capital Advisors launch “Crowdfunding's Potential for Minority and Women Owned Enterprises”
  • Authors identify higher funding potential, access to capital and underserved market as key opportunity

 

Miami, Florida | 28 July, 2014 – Crowdfund Capital Advisors today launched a report to highlight crowdfund investing as a powerful new tool to fuel the underserved women and minority markets.

According to Sherwood Neiss (@woodien), Principal at Crowdfund Capital Advisors and cllaborator of the report, “Crowdfund investing is addressing funding voids in many markets.  Since women and minorities have historically been shunned from the private capital markets and now we have tools to allow them to access capital from their peers, we will be seeing many more women and minority businesses receive funding.  This report lays out the rationale.”Screen Shot 2014-07-28 at 1.23.37 PM

The report’s authors highlight 4 cases where crowdfunding has had a positive impact on women and minorites. Jason Best (@CrowdCapAdvisor), Principal at Crowdfund Capital Advisors and a collaborator on the report adds, “When you look at Majority Minority communities around the United States you can already see how donation/perks crowdfunding is having a tremendous impact.  It brings in capital to these underserved communities and more importantly, well needed jobs.  As we move to investment based crowdfunding, these underserved communites will leap frog other communities that have benefitted from access to capital for decades."

Key highlights from the report include: 

  • Because of the stigma attached to the difficulty in gaining access to traditional funding sources, many women and minorities forgo the traditional capital markets further reducing access to capital within these groups
  • Data shows that many women and minority-owned businesses tend to be strong market performers, survived the economic crisis better than their counterparts, and were more profitable afterwards
    • Women owned businesses had sales of over $1.4 Trillion in 2014
    • 41% of businesses are women owned, but only 8% of ventures that are backed by professional investors are founded by women
  • Data indicates that the venture community and banks have not invested proportionally in women and minorities
  • Crowdfunding can provide an alternative method of funding minorities and women, while providing investor protections and enabling risk sharing among a community.
    • Of the fifty highest funded projects on Kickstarter, the premier crowdfunding site, 45 have turned into ongoing entrepreneurial firms . This proves that crowdfunding ideas can lead to promising enterprises.
  • Crowdfunding is unique because it not only brings money, but also an engaged community of supporters that are both customers and investors
  • Peer to peer lending data shows that women are receiving more funding then men
  • Major underserved markets, many of which are turning majority minority, are where very successful crowdfunding campaigns have been based
  • Promoting crowdfunding as an alternative funding source for women and minorities can create more new business starts, tax revenue, jobs, gender inclusivity and economic equality. All key parts to a healthy economy 

 

Crowdfunding is attracting global interest as a simple but transformative concept. Someone proposes a business, charitable or creative project on a crowdfunding website. If convinced, tens, hundreds or even thousands of individuals commit relatively small amounts of capital to support the idea or business. Taken together, these contributions are significant enough to turn the idea into a commercial reality.

Crowdfund investing is the newest and potentially most powerful model for crowdfunding: instead of donating or lending money, investors receive an equity share in the business.

downloadreport

 

 

New report signals potential for Crowdfund Investing

  • Crowdfund Capital Advisors launches first of its kind report “How Does Crowdfunding Impact Job Creation, Company Revenue and Professional Investor Interest?”
  • Authors confirm early signals that crowdfunding leads to job growth, stronger companies and follow on investor interest 

 

Miami, Florida | 15 January, 2014– Crowdfund Capital Advisors (CCA) today launched a report that illuminates market signals emanating from crowdfunding.   The reports uncovers how companies that use crowdfunding as a means to raise capital are creating jobs, building stronger businesses and attracting follow on capital.   

According to Sherwood Neiss (@woodien), principal at Crowdfund Capital Advisors, "When we set out to write this report we wanted to test a big assumption about crowdfunding. Namely is it more than just money?  The results, which are early indicators, show that in fact it is."  Some of the key findings in the report include:

  • Screenshot 2014-01-14 16.38.38Companies that were success with crowdfunding campaigns saw a 24% quarter-to-quarter increase in revenues net of crowdfunding proceeds.  Filtered for only equity campaigns, they saw a surprising 351% quarter-to-quarter increase
  • 39% of the responders hired on average 2.2 employees and an additional 48% signaled they intended to used the crowdfunding proceeds to hire new staff.
  • 71% of companies that were successful with crowdfunding either received or were in conversations to accept follow on investment.
  • Other than money key benefits from the crowd during and post campaign included knowledge, experience, strategy, marketing, product position and demand.   


The report’s authors identify these positive signals as an initial verification that debt and equity crowdfunding, when it fully goes live in 2014 will have a tremendous impact. Jason Best (@CrowdCapAdvisor), Principal at Crowdfund Capital Advisors and a co-author of the report adds, “These are still early days for crowdfund investing. It is exciting to see Web 3.0, where the social network meets community finance, develop in front of our eyes. We hope this evidence further encourages global policy makers, regulators and investors to take note of this opportunity and consider this new asset class to enhance current efforts to train and support entrepreneurs in their markets.”

Crowdfund Capital Advisors has been the global thought leaders on crowdfunding investing having written the framework to legalize debt and equity based crowdfunding in the United States.  Their principals were at the White House as President Obama signed the JOBS Act into law.  They are also the authors of the World Bank Report, "Crowdfunding's Potential for the Developing World."  Richard Swart, Research Director for CCA said, “By analyzing campaigns globally we were able to get an early view into the potential crowdfunding not only has for the USA but globally.  By leveraging the power of the crowd we can help fund the next generation of entrepreneurs.”

Crowdfunding is attracting global interest as a simple but transformative concept. Someone proposes a business, charitable or creative project on a crowdfunding website. If convinced, tens, hundreds or even thousands of individuals commit relatively small amounts of capital to support the idea or business. Taken together, these contributions are significant enough to turn the idea into a commercial reality.

Crowdfund investing is the newest and potentially most powerful model for crowdfunding: instead of donating money, investors receive a debt instrument or an equity share in the business.

 

downloadreport