Crowdfunding Site Pozible Promotes Chinese Innovators

Western-based crowdfunding sites like Kickstarter and Indiegogo now have company in the race to bring great ideas to market.

Gyenno One fitness wristband, smashed its funding target within minutes of going live. (image/ianpo.com)

Gyenno One fitness wristband, smashed its funding target within minutes of going live. (image/ianpo.com)

DAMON POETER | PC Mag | APRIL 24, 2014 – Kickstarter and Indiegogo have company. Pozible is a competing crowdfunding platform, but with a twist—the site targets projects and startups originating with Chinese innovators.
Western-based crowdfunding sites have been a fantastic means for bringing strong ideas to market at a pace unimaginable just a few years ago, with examples ranging from the Pebble smartwatch to the Veronica Mars feature film. But Pozible co-founder and director Rick Chen thinks projects emerging from China represent a vast, untapped market for investors looking for ideas worth backing.
“Most of the world equates China with mass-produced, cheap products, missing out on the amazing innovations and maker movements that are being generated from there,” Chen, who is based in Australia, said after setting up a new Pozible office in Shanghai.
The crowdfunding site this week reported that one of its very first crowdfunding campaigns for a China-based project, the Gyenno One fitness wristband, smashed its funding target within minutes of going live.
Within 25 minutes of launching their Pozible campaign, the Gyenno One creators were “halfway to selling out of their current stock” and by 2 p.m. local time on Thursday had raised 46 times their funding target, the crowdfunding site said.
“Just after midday on Wednesday, the campaign for the stylish and affordable new wristband Gyenno One was launched. Within a minute it had reached its campaign target of 10,000 Chinese yuan and for several minutes, every time the page was refreshed, the number of pledges doubled,” Chen said.
The Gyenno One is just one of several China-originating projects now in the pipeline for Pozible funding campaigns, he said.
“Over the next few months we look forward to hosting another seven to 10 campaigns, including an app that turns your smartphone into a wireless remote control, a smartwatch that helps health care providers monitor the vital signs of elderly or unwell patients, and various events and fashion projects,” Chen said.

read more: http://www.pcmag.com/article2/0,2817,2457106,00.asp

HEADLINE NEWS

U.S. News & World ReportNo Cash for Hate, Say Mainstream Crowdfunding FirmsU.S. News & World ReportThe block on mainstream crowdfunding is just the latest blow to far-right activists operating online. In the last 24 hours, neo-Nazi website the Daily Stormer had its domain regi [...]

FortuneUncensored Social Network Gab Raises $1 Million in Crowdfunding CampaignFortuneA crowdfunding campaign for Gab, a Twitter-like social network that touts its commitment to freedom of speech, surpassed $1 million yesterday. The company claims it is politically neutral and committ [...]

Baltimore SunHarford still opposes crowdfunding sites for school donationsBaltimore SunRaising money through online crowdfunding sites is an ideal way for teachers to find the funds to purchase classroom materials and should be restored, the head of the Harford County teachers' u [...]

League: Warriors legend Monty Betham drops crowdfunding bidNew Zealand HeraldFormer Warriors Monty Betham has pulled the pin on his quest to launch a crowdfunding campaign to buy the Warriors. With Warriors owner Eric Watson locked in negotiations to sell, Betham made a plea to league [...]

Crain's Cleveland Business'Smaller' gifts can go long way for Clinic's crowdfunding platformCrain's Cleveland BusinessFor an institution accustomed to securing multimillion-dollar donations, Cleveland Clinic's latest fundraising effort has some relatively [...]

GeekZing Smart Light Passes Crowdfunding Goal With Flying Colors ...GeekAt age 31, I still prefer to keep a light on in the hallway, illuminating my way to the bathroom in the middle of the night. (God forbid I step on the creeping cat—or ...and more » [...]

ForbesWhat Works In Equity Crowdfunding -- Insights From ResearchForbesAs we have recently celebrated the fourth anniversary of the signing of the JOBS Act into law, it is a good time to take stock of the effect that the legislature had on equity crowdfunding in the United States. It [...]

Deccan ChronicleHow to make crowdfunding work?Deccan ChronicleVarun, based on his experience, also says, that people new to crowdfunding should not be complacent with their campaigning — “I've seen a lot of people, who just think that crowdfunding is free money. They have a very [...]

FortuneDreamHost Sets Up Crowdfunding Page to Aid Trump Government FightFortuneThe Los Angeles-based web host DreamHost, which is fighting the Department of Justice over its attempt to seize records of visitors to an anti-Donald Trump website, has launched a crowdfunding campaign to a [...]

DualShockersBounty Battle Rolls out the White Carpet with Successful Crowdfunding CampaignDualShockersWhen we last checked in with the indie-obsessed fighting game, Bounty Battle, it was halfway through its $30,000 crowdfunding goal. Now with 3 days left to go, it's surpassed thi [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |