Opportunities for Crowdfunding in Africa – Vincent Matinde

Thundafund IDGConnect

Raising funds in any market is crucial to business survival. In developed markets, crowdfunding sites like Indiegogo and Kickstarter have seen projects funded by the public. This has been the envy of the African continent.

In Africa, entrepreneurs who fail to raise funds for their project through bank loans and investments have traditionally tended to find a listening ear from friends and mostly family. This is because online options to raise funds were previously quite limited.

Now Thundafund, a South Africa crowdfunding site, has had quite a success in helping businesses raise funds since its introduction in June 2013. And the need was real.  Continue reading

#Opportunity: Sell your idea!

NETPROPHET SPARKUP THUNDAFUND OPPORTUNITY

Applications for Net Prophet Sparkup! 2015 now open –

After a wonderful success last year, the Sparkup! team are inspired to up the ante for the 2015 Sparkup! Weekend Programme.

Be ready to join up to 15 other startup teams and be a part of the amazing experience that is Sparkup! Weekend. You will be competing on a global level with intense workshops and coaching that will help your business level up. Continue reading

ThundaTips!

crowdfundingFirst things first: Crowdfunding is NOT easy! Just because you have a cool idea doesn’t mean people are going to throw money at you and your project. Crowdfunding campaigns can fail due to a variety of reasons. It could be a result of insufficient planning prior to launch, or people don’t believe that you can deliver on your promise (based on what you’ve shown them). And then there is of course the possibility that your idea isn’t as great as you thought it was. The last reason highlights one of the benefits of crowdfunding. It essentially shows you that your product wouldn’t sell because people aren’t interested. The sooner you find that out the better.

For now though let’s assume you DO have a kick-ass idea. So what are some of the things you should or shouldn’t do? Check out some of our Thundatips! Continue reading

WDC2014: Grooming Session 1

With 1300 projects submitted, 450 making it through to World Design Capital – ONLY a selected few will get to pitch the projects that they submitted at the WDC2014 Tuesday Pitching Sessions. A selection panel from Cape Town Design NPC will select 1 project on each of the pitching nights who will receive a R10 000.00 cash prize for the best pitch.

These pitches are open to the public & the audience will also include investors, philanthropists, venture capitalists, & social profit projects. Join in! 

Continue reading

Conversations on Crowdfunding with Thundafund: January 2014.

Thundafund and WDC

“Look at Crowdfunding as a shopping mall for doing a specific thing: Thundafund Is a shopping mall for new creative & innovative ideas. People walk pass shops & then decide to stop & check it out – this is your project.

Think about the way in which the Young Designer Emporium operates; where they are 1 store that hold spaces for number of designers to place their labels; these are the principles upon which Thundafund operates.”

The objective of Thundafund is to showcase your venture. Continue reading