UK accelerator Springboard is taking an unusual direction with itsforthcoming Internet of Things-focused program; crowdfunding is becoming a part of the fundraising available to startups taking part.
Yes, all the teams will launch their products on Kickstarter to coincide with the traditional investor demo day. Kickstarter, which recently launched its UK presence, has provided Springboard with a curated page to showcase all the teams’ campaigns when they launch.
As far as we’re aware, this is the first time that an accelerator program has offered a crowdfunding option alongside the more usual equity-based investment that comes with participation and from investor day meetings.
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