Invest R1,000 in SA’s future

crowdfund

Crowdfunding is an excellent initiative by Eve Dmochowska to jump-start South African tech startups.

How does it work?

The idea is simple – a bunch of people each invest R1,000 [or multiples thereof] in a pooled fund which then gets allocated to startups based on merit.

The startups get funding [clearly not too much, but enough to get them through the initial tough phase], as well as support such as mentoring to improve their chances of success.

Investors get an opportunity to invest in the future of South Africa by helping support these young startups.

I think it’s a great idea and will be taking part to see how it plays out.

Good luck to the team and the startups that take part!

Want to take part?

You can read more about crowdfunding here, or if you’re already keen to invest, you can sign up to add your name to the list and pledge an investment [no cash required yet, they're just looking for commitments right now].

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This entry was posted on Monday, March 8th, 2010 at 10:14 am and is filed under Entrepreneurship, Investment and funding. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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