Who will win the first ever startup crowdfunding challenge in Singapore?

Elaine Huang

12 March 2013 at 12:03 am

Crowdsourcing Week is here in Singapore with Startup Challenge this June. Ten finalists will be chosen to compete, but only three will be crowned winners.

What is happening on the first week of June in Singapore? Yes, we know, Echelon, our flagship business and tech event is coming up. But what else is just as exciting and awesome? Well, it’s going to be the first time the city-state will see international startups come together to pitch and participate in a crowdfunding challenge.

Crowdsourcing Week will be a five-day event, from June 3 to 7 this year, which is hosted by RocketHub, a pledge-driven crowdfunding platform. Brian Meece, co-founder and CEO of RocketHub lauded crowdfunding as a way to gauge market feedback and demand. “We are excited to host the Crowdsourcing Week Startup Challenge, which is empowering collaboration within the international start-up scene. Crowdfunding is an authentic way to gauge market demand for endeavors, so these entrepreneurs will get valuable feedback on their early stage products and companies.”

Startups are to submit their business plans by April 8, 2013 and within that pool of submissions, only 10 will be handpicked by a panel of venture capitalists and startup mentors. Those 10 will compete to raise US$30,000 capital on RocketHub, with the top three taking the stage and being crowned as grand winners on June 6, 2013.

Excited to include the startup competition in their program at Crowdsourcing Week, Crowdsourcing Week co-founder and CEO Epirot Ludvik Nekaj said that “[t]his dynamic platform will allow startups from all over the world to pitch their ideas to an impressive panel of VCs and startup mentors while testing market response via crowdfunding. We also hope to see some innovative crowd-centric startups in the mix.”

RocketHub will also consult with these 10 chosen startups on how they should assemble and promote a crowdfunding campaign effectively. The panel of judges include startup investors and advisors like Yen-Lu Chow, WholeTree Ventures; Mark Hon, Business Angel; and Jeffrey Paine, Partner at Golden Gate Ventures and Director of the Founders Institute in Singapore.

Image Credit: Crowdsourcing Week

The post Who will win the first ever startup crowdfunding challenge in Singapore? appeared first on e27.

The Independent
Taiwan’s parliament descends into chaos and punch-ups between MPs in ugly scenes during debate
Brawl comes just days before president-elect Lai Ching-te is set to take office
SETHLUI.COM
Owner of Michelin-recognised Hua Xing Bak Kut Teh passes on in his 40s
The post Owner of Michelin-recognised Hua Xing Bak Kut Teh passes on in his 40s appeared first on SETHLUI.com.
CNN
He had strict instructions from the groom: ‘Stay away from the bridesmaid.’ Here’s what happened next
Ariff Hassan and Liliya Dauletaliyeva crossed paths at a wedding and couldn’t ignore their chemistry. They both flew across the world to continue their connection.
People
Gavin Rossdale Enjoys Beach Vacation with Girlfriend Xhoana X, Who Fans Think Resembles Ex Gwen Stefani
The Bush rocker and his new love were spotted out in their swimsuits soaking up some sun in Los Cabos, Mexico
HuffPost UK
Were Putin And Xi Really Spotted With 'Nuclear Footballs' Amid The Russian President's Trip?
A display of power – or social media jumping to conclusions?
The Independent
Man pleads guilty over arson that killed family after misplaced revenge for an iPhone
Bui was a teenager at the time of the arson but was prosecuted as an adult
The Independent
Man charged with raping two women in national forest after third woman heard screaming from his van
Eduardo Sarabia will appear in court next month
INSIDER
The US is worried about an invasion, but China could take control of Taiwan without firing a shot, war experts warn
A Chinese coercion campaign, likelier than an invasion and in some ways already happening, isn't something the US is prepared for, experts warn.
Evening Standard
‘Kidnapped’ man found after 27 years hidden in neighbour’s cellar
Omar Bin Omran was presumed dead after he went missing in Algeria when he was 17 years old
People
“SI Swimsuit ”Model Lauren Chan 1 Year After History-Making Rookie Debut: 'I've Come Into My Own' (Exclusive)
One year after Chan's 'Sports Illustrated Swimsuit' debut, the model opened up to PEOPLE about the sources of her confidence
People
Barron Trump, 18, Graduates High School with Parents in Attendance: Photos
The Associated Press caught a glimpse of the event on Friday, which saw Donald and Melania Trump sitting front row in the audience
The Telegraph
It’s time to bring back the world’s greatest fighter jet – from the 1990s
The Lockheed Martin F-22 is the US Air Force’s best fighter. The Lockheed Martin F-16 is its most numerous fighter. But its workhorse fighter – the type which balances capability and mass – is the Boeing F-15E Strike Eagle, the multi-role version of the classic air-superiority fighter. The Eagle was the best fighter in the world before the F-22 came along.
SETHLUI.COM
“The best Hokkien Mee in Singapore” reopens in Redhill after sudden closure
The post “The best Hokkien Mee in Singapore” reopens in Redhill after sudden closure appeared first on SETHLUI.com.
CBC
3 teen girls expected to plead guilty in swarming death of Kenneth Lee in Toronto, court hears
Three teenage girls are expected to plead guilty in the swarming death of Kenneth Lee near Union Station in December 2022, court heard Friday.The girls, aged 13, 13, and 14, appeared in provincial court in Toronto.Three other girls, aged 15, 16, and 16, are expected to plead not guilty, court heard. Eight teenage girls were initially charged with second-degree murder in connection with Lee's death. They range in age from 13 to 16 years old. Lee, 59, was pronounced dead in hospital on Dec. 18, af
Evening Standard
Thomas Tuchel confirms Bayern Munich exit as 'talks with Manchester United begin'
Speculation had arisen that German manager would stay in Bavaria
The Daily Beast
Russians Plunged into Darkness After Monster Drone Attack
Valentyn Ogirenko/ReutersUkraine launched a massive drone attack against military and energy facilities in Russia and the occupied peninsula Crimea overnight, with Moscow saying Friday that over 100 unmanned weapons had been involved in the operation.The Russian Defense Ministry claimed its forces had intercepted and destroyed 102 UAVs over four different regions while another six drone boats were taken out in the Black Sea. While the ministry did not reveal the extent of the damage from the att
The Telegraph
Russia’s navy has become a near laughing stock
The Russians are giving the world a maritime headache. In the High North, their uneasy teamwork with China continues. Moscow and Beijing have recently announced a “joint commission for the development of the Northern Sea Route”. Plenty of analysts, those of RUSI included, believe that this benefits Xi more than Putin, but either way, Russia’s desire to use the High North for grey-zone activities is only going to increase.
InStyle
Dua Lipa's Sheer Dress and Visible Thong Brought the Naked Dress Trend to the ACM Awards
Falling forever for this gown.
INSIDER
I have fond memories of high school in America. I'm worried my daughter won't feel the same in Singapore.
Jason Erik Lundberg's teenage daughter attends a public high school in Singapore. He worries about the high level of stress.
SETHLUI.COM
Grab Peach Garden’s $5 peking duck with no catch for anniversary
The post Grab Peach Garden’s $5 peking duck with no catch for anniversary appeared first on SETHLUI.com.

Crowdsourcing Week is here in Singapore with Startup Challenge this June. Ten finalists will be chosen to compete, but only three will be crowned winners.

Latest stories