On Monday, equity crowdfunding platform Crowdcube announced it has formed a partnership with RS Components, a distributor of electronic, electrical and industrial components. The funding portal revealed details about the collaborating by stating:
“RS Components have been serving engineers and procurement specialists with high-quality parts, on time and on budget for over 75 years. Serving over 1 million customers globally, with operations across 32 countries, it is the world’s leading high-service distributor of electronics, automation and control components, as well as tools and consumables.”
Crowdcube also explained that RS Components have set up a community called DesignSpark, which provides its members with the opportunity to share their ideas and to seek advice and support from other engineers and community members. Since its debut in 2010, the DesignSpark initiative has also delivered a growing portfolio of free tools that are easy to use and enable design engineers to reach their goals quickly and without financial impact. Mike Bray, Vice President of DesignSpark at RS, then stated:
“DesignSpark is an important enabling initiative that helps engineers and entrepreneurs realise their ambitions and bring their projects, products and business ideas to market.”
Crowdcube went on to add it will be working closely with the DesignSpark engineering community to provide easy access to investment support from the platform’s crowd. As part of the partnership, Crowdcube will be offering entrepreneurs who sign up via the DesignSpark portal a 10% discount on its regular fees.