09 April 2014

World first telco-backed crowdfunding platform now open for innovative project submissions

Singapore, 9 April 2014 – StarHub i3 today announced the beta launch of Crowdtivate (www.crowdtivate.com), its online social launchpad 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 to obtain financial contributions from supporters around the region via a funding system in return for specific rewards. Tapping on this crowdfunding platform, they are able to create awareness of or gather feedback on their ideas or works. Crowdtivate also allows supporters to easily discover and back new, cutting-edge products and services offered by these entrepreneurs or artists, and to support the project they most believe in.

Crowdtivate is co-managed by StarHub i3 and its partner, Crowdonomic, crowd-powered technology solutions and strategic advisory firm based in Singapore. The platform has the support from 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.

"Crowdfunding is an extremely popular way for the global community to connect with artists and entrepreneurs, and for them to participate in bringing great ideas to life. Many of the most successful companies today have roots in the crowdfunding community. 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 Mr 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 to supporters and backers to browse, view and fund projects they are interested in. Visit www.crowdtivate.com for more information.