Tagged: australia

Niederer: Unaccredited Equity Crowdfunding Needs to Have Light Touch Investor Regulation to be Successful

Cost of Excessive Regulations

Paul Niederer is not one to mince words. Having been around the block more than once, Niederer gives good advice.  When it comes to new forms of finance he speaks from experience not just unhindered opinion.  The Australian Small Scale Offerings Board (ASSOB), a company that Niederer runs, has been in operation since “back in… Read More

Australian Crowdfunding Platform Pozible Wraps Up a Successful 2014

Fireworks Cannes France

It may not be in your mailbox, but Australia-based crowdfunding platform Pozible just posted a thank-you letter to the community, wrapping up a busy 2014. The company hosted more than 3,000 projects, raising AU$14,151,243—a 49 percent increase year on year. Of those 3,000-plus projects, Pozible’s Food and Drink and Social Enterprise categories grew more than… Read More

Paul Niederer on Crowdfunding Regulations: Regulators & Legislators Often Have No Expertise in Small Business & Startup Ecosystem

Paul Niederer Shares His Crowdfunding Wisdom

Paul Niederer, founder of the Australian Small Scale Offerings Board (ASSOB) and crowdfunding protagonist, has tackled the global regulatory regimes around the world as they attempt to create rules for the new forms of finance. Niederer criticizes most approaches stating: “The [regulatory] implementation balance to date tends to favour investor protection which is not unusual… Read More

Australian MP Talks Importance of Crowdfunding

Paul Fletcher

Australian Member of Parliament and Secretary to the Minister for Communications Paul Fletcher published an interesting missive earlier this month on the importance of crowdfunding and why politicians should care.  Published in the Journal of Banking and Finance Law and Practice the statement is clear in his support of the new form of finance. Outside… Read More

Pozible Extends Open Residency Program into 2015

Pozible Open Residency

Pozible recently announced it is extending its Open Residency program into 2015.  In an update from Pozible co-founder Rick Chen, he stated they are opening up their office in Melbourne to anyone who is about to launch a crowdfunding campaign – free of charge. The Open Residency program was launched in early 2014 when the… Read More

Creator of Pozible-Success Sofi Spritz Talks Crowdfunding & Social Media With Bluewire Media

Sofi 4

Last spring, Sydney entrepreneur Tommy Maclean hit Australia-based crowdfunding platform Pozible with a new startup called Sofi Spritz. This company produced an all natural, All Australian take on the classic Italian spritz. During its run on the website, the project surpassed its initial goal of $10,000 and raised $11, 410 thanks to 133 backers. Now, Maclean… Read More

Aussie’s Bionic Runner Becomes Massive Hit on Kickstarter; Scores Over $120,000 in One Week

Biotic Runner 5

It may have started life in the back of a converted shipping container in far northern Queensland, but this week the Bionic Runner proved a hit on a global scale, with funders from Asia, the US and Europe, not-to-mention Australia, all jumping on board to fund this unique fitness trainer through global crowdfunding platform, Kickstarter…. Read More

Australia Financial System Inquiry Issues Final Report

Australia Currency Crowdfunding Quote

The Financial System Inquiry issued their final report earlier today.  The extended document has set out to establish a direction for the future of Australia’s financial system.  Not a small task. Expectations are the below document is a “blueprint” for the financial system down under.  This approach is not new, in fact there have been… Read More

Fat Hen is Australia’s Crowdfunded Venture Capital Company

Fat Hen

Australia recently encountered a bit of a regulatory stumble as CAMAC proposed rules for a new approach on investment crowdfunding that was widely denounced as “totally unworkable”.  One of the godfathers of equity crowdfunding himself, Paul Niederer, did not mince words as he lambasted regulators and politicians as “virtually non-existent”.  Following the trip to the… Read More

Aussie P2P Lender SocietyOne Closes Series B, Gets Backing from News Corp & Consolidated Press

societyone-co-founders

SocietyOne, described as Australia’s first and largest peer to peer lending platform, has announced a successful Series B funding round backed by a consortium of big name Australian investors including News Corp. Australia, Consolidated Press Holdings and Australian Capital Equity.  The big name investors include both Murdoch and Packer families.  At the time of writing… Read More

Taxpayers Australia: Consider Tax Obligations Triggered Through Crowdfunding

Taxpayers Australia

Taxpayers Australia, a non-profit entity that promotes “fairer and more transparent taxation system for every Australian taxpayer” has published a cautionary note on individuals using crowdfunding and the potential tax liability that may be incurred. The advocacy group warns that the Tax Office has taken into account the Goods and Services tax (GST) may be… Read More

Rapide 3D Signs Up For Indiegogo’s Forever Funding Program After Raising $203,000 For its 3D Printer

Rapid Lite 5

Rapide 3D, who recently launched a crowdfunding campaign on  Indiegogo, has exceeded its funding goal by 1500% raising just over $203,000.  The company is offering savings of up to 60% on retail pricing to campaign contributors.  Available in 3 sizes, 200, 350 and 500mm printer is setting new standards in design and affordability. As a result… Read More

Pozible Partners with Shanghai-Nanxiang Government, IDG Capital on Crowdfunding Match Program

Team Pozible with Flags

Australia based Crowdfunding Platform Pozible Partners with China Government Office  to Connect Entrepreneurs with Capital, Manufacturing Support, Chinese Entity Setup and More. Pozible, an international crowdfunding platform based in Australia, has partnered with IDG Capital Partners and the Shanghai-Nanxiang government to award matching funds and other support to the entrepreneurs behind the seven strongest Internet of… Read More

Kickstarter Takes a Look Back At Its First Year in The Land Down Under By Sharing Top Video Game Campaigns

Kickstarter NZ AUS

In celebration of its first year in Australia and New Zealand, crowdfunding giant Kickstarter shared its favorite video game campaigns from the land down under. On Thursday (October 30th), Kickstarter’s Luke Crane took to the platform’s blog and wrote, “It’s been nearly a year since we opened our doors to creators in Australia and New… Read More

Kickstarter Officially Opens to Crowdfunding Campaign Creators in Scandinavia & Ireland

Funded With Kickstarter

Last month, CEO of Kickstarter, Yancy Strickler announced the exciting news that the crowdfunding giant would be opening its platform to Scandinavia and Ireland startups. Kickstarter’s team wrote, “We’re so excited to announce that Kickstarter is now available to creators in Denmark, Norway, Sweden and Ireland — four countries with amazing cultural histories and creative populations. From to LEGO to Röyksopp to The Seventh Seal to… Read More

Paul Niederer: Investing from the Crowd Starts with Friends and Family

Paul-Niederer asks questions

Paul Niederer and his investment crowdfunding platform, The Australian Small Scale Offerings Board (ASSOB), started doing equity crowdfunding before the term was even coined.  The entire global crowdfunding industry has looked towards Australia for their experience garnered from years of actual practice.  ASSOB has raised over $140 million for 310 businesses since their laws were… Read More

Australian Tax Office Wants to Hit Crowdfunding Campaigns with GST

Australia Tackling Tax Evation ATO

The Australian Tax Office (ATO) has told the Aussie parliament that rewards based crowdfunding campaigns, like those listed on Pozible, Kickstarter and Indiegogo, may be required to pony up taxes on rewards purchased by campaign backers.  This is a question that has surfaced not only in Australia, but in other nations as well. According to… Read More

Aussie Startup Launches Indiegogo Crowdfunding Campaign For Ultimate GPS Pet Tracker; Raises Over $16,000 During First 24 Hours

Pod 5

This past weekend, Sydney-based startup hit Indiegogo with a new crowdfunding campaign for its pet tracker known as Pod. Seeking only $50,000, the project already raised $16,286 from 25 backers. The Pod is described as being the world’s “smallest, lightest, fully waterproof GPS pet tracker.” It is a sleek little device that attaches to your… Read More

Update: OurCrowd Has Funded 50 Companies with Over $70 Million

OurCrowd Featured Companies

This past July global equity crowdfunding platform OurCrowd published an announcement they had raised $60 million for 46 companies.  In a report filed with TechCrunch yesterday, the pace of growth appears to be increasing as they state they have funded 50 companies with at least $70 million.  Not too bad for a platform that has been… Read More

Paul Niederer: Proposed Rules on Investment Crowdfunding “Totally Unworkable”

Niederer Featured ASSOB CAMAC

Paul Niederer, a crowdfunding trailblazer, has been a consistent champion of the power and potential of investment crowdfunding.  The Australian Small Scale Offerings Board or ASSOB – has been regularly referenced for its knowhow and success in raising capital for small companies.  ASSOB has raised over $140 million so they posses the wisdom born of… Read More