Category Archives: Crowd Funding
SIPO warns election hopefuls on crowdfunding campaigns – Connacht Tribune Group
Bradley Bytes a sort of political column with Dara Bradley
Local election candidates hoping to win seats on Galway City and County Councils next year are turning to GoFundMe pages to finance their campaigns.
And while crowd funding online is a relatively easy way to generate cash to buy posters and fund newspaper and social media advertisements, election hopefuls need to be careful they dont fall foul of SIPO rules.
The Standards in Public Office Commission has confirmed to Bradley Bytes that there are specific obligations on candidates in the European Parliament elections next year, and in the Local Government Elections.
SIPO will publish guidelines specifically relating to the 2024 Local and European Elections in advance of the campaigns and each candidate will receive a copy of these guidelines.
But using past guidelines as an indication of future guidelines, candidates will need to keep a record of all donations they receive.
Candidates should know the name, description, citizenship, and postal address of the donor, date on which donation was received, whether the donation was requested (and if so name and address of person who requested it) and whether a receipt issued in respect of the donation, according to SIPO guidelines in last years Dil by-election in Dublin.
SIPO advised that candidates must ensure that any donations accepted are not prohibited.
There is a list outlining what constitutes a prohibited donation, but, for example, acceptance of an anonymous donation exceeding a value of 100 is prohibited, according to the legislation.
Cash donations of more than 200 are prohibited and so too are donations from people outside of Ireland, which is of particular interest for crowd funding campaigns.
The maximum value of donations a candidate can receive from one person is 1,000 in one calendar year.
The Commission advises that, if a candidate is using a crowd funding service, they should make it clear to donors that the acceptance of prohibited donations is not permitted.
The candidate may seek to work with the service to put in place measures to support this, according to SIPO.
Of course, regulations are only as good as the organisation that enforces them.
And SIPO has been shown to be a largely toothless organisation if Galway candidates want to circumvent rules on donations online or otherwise, theyll find a way.This is a shortened preview version of this column. For more Bradley Bytes, see the November 17 edition of the Galway City Tribune. You can buy a digital edition HERE.
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SIPO warns election hopefuls on crowdfunding campaigns - Connacht Tribune Group
Quantum International Corp. (QUAN) Provides Information on Their … – Marketscreener.com
Denver, Colorado--(Newsfile Corp. - September 18, 2023) - Quantum International Corp. (OTC Pink: QUAN), an app development company employing a group of highly specialized developers from around the world announces its providing information on their upcoming Crowd Funding app.
Quantum International Corp. (OTC Pink: QUAN), an app development company, is finalizing a new crowdfunding app called QFund.AI. QFund.AI is a for-profit platform that allows people to raise money for events ranging from life events to challenging circumstances. The main difference between QFund.AI and other crowdfunding platforms is that it uses cryptocurrency instead of native currency.
To use QFund.AI, users will create a campaign page and describe their fundraising cause. They can then share their page on social media and email. People who want to donate can do so using any cryptocurrency account or wallet. QFund.AI will charge a small fee, which can be paid in either cryptocurrency or native currency.
QFund.AI is unique in the crowdfunding space because it based on crypto, moderated by AI and not incentive-based. This means that users cannot offer rewards or incentives in exchange for donations. However, QFund.AI does allow projects that are meant to fund other projects, such as those by musicians or inventors.
QFund.AI is scheduled to have special section dedicated to users who are trying to raise money for tuition. An example, a user could try and raise funds for out-of-state tuition to a Law program or a homeless high school valedictorian could try and raise funds to attend college and help their family.
QFund.AI is similar to other crowd funding platforms in that it targets social media platforms to create awareness for campaigns. However, QFund.AI takes a different approach to social media promotion. Instead of encouraging users to share their campaign pages on social media, QFund.AI will use AI to identify potential donors and reach out to them directly.
QFund.AI will be a decentralized platform that uses the LGCY Blockchain to store client funds and deposits. This makes it different from other centralized platforms, which are more vulnerable to security breaches. QFund.AI prioritizes the security and safety of its users' funds, and the use of blockchain technology helps to ensure this.
QFund.AI is still in its final development stage, but it has the potential to disrupt the crowdfunding space. The platform's use of cryptocurrency, AI-based social media promotion, and focus on personal causes could make it a more attractive option for users than traditional crowdfunding platforms.
"This platform will be the next step in Crowd Funding and we are looking forward to completing the App. We are striving to have the App available soon to try and help the fire survivors in Lahaina, Maui, My Home Town," stated CEO Justin Waiau.
Follow us on (@QuantumintlCorp), Instagram and (@QuantumintlCorp}.
Welcome to a New Era of App development.
Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although Quantum International Corp believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Quantum International Corp is unable to give any assurance that its expectations will be attained. Factors or events that could cause our actual results to differ may emerge, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Justin Waiau quantumintlcorp@gmail.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/180949
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Quantum International Corp. (QUAN) Provides Information on Their ... - Marketscreener.com
Firm advocates crowdfunding to meet nations housing needs – Guardian Nigeria
The Lagos HOMS launched by the state government under the scheme
A Real estate development firm, Tobykemsworth Investment Limited, has called on Nigerians to embrace crowdfunding initiatives to meet their housing needs.
Managing Director of Tobykemsworth Investment Limited, Dr. Adekunle Raphael-Monehin, made the call in Lagos recently at the first anniversary of Rabanaire, a crowd funding initiative of the firm, aimed at making housing accessible for Nigerians.
According to him, Rabanaire was established because the alternative funding for real estate is crowd funding.
He said: We are sure that affordability for housing is key right now. If you want to set control on the housing deficit, with the experience we have had over the years, since 2009, we have found out that even the government has not been able to make affordable housing. They say this house is affordable.
How can it be when its above N15 million and the premium mortgage bank can only give a loan of N15 million? So, what we are doing is to create a pool where affordable housing can be picked from, and this firm has been in the industry; we have had our experience and we know that if we go in this direction of crowdfunding, it will help the real estate industry where people can own their homes.
Raphael-Monehin described the experience of the firm in the last one year as a success story. Stating that Rabanaire has achieved acceptability, he noted that Nigerians irrespective of class can invest a minimum of N55,000, to own a home.
Also, the Country Director of Rabanaire, Mrs. Pricilia Irabor, said the aim was to reach all parts of the country as they are currently in Abuja and Lagos.
She said: Housing deficit is not only in Nigeria. We are presently in Benin Republic, we are going to be launching in Cameroon and Ghana. We are also going to be looking into how to launch in Ethiopia. So, we found out that housing deficit is a global issue.
Since we launched Rabbanire on September 3, 2022, we have seen acceptance and a lot of people are coming on board.
Earlier, Permanent Secretary, Lagos State Ministry of Housing, Kamar Olowoshago, applauded Tobykemsworth Investment Limited for the crowd funding initiative.
According to him, there was a need for private organisations to assist the government in bridging the housing gap estimated at about three million.
Represented by Saheed Omotosho, the Director of Lagos State Real Estate Regulatory Authority (LASRERA), an Agency under the Ministry of Housing, Olowoshago said: Housing deficit is something that is predominantly mentioned in the present governments THEMES agenda, and government cannot do it alone.
They need to go into partnership with the real estate practitioners to get people there to support them for the provision of housing. Government is doing its best, but they have to do more because they are closer to the people than even the government.
Rabbanire is international not only in Lagos. I believe by the time other key players in the industry come, they will be able to compliment the effort of Rabanaire.
Also, the Permanent Secretary, Ministry of Commerce, Industry and Cooperatives, Mrs. Adetutu Oluremi Ososanya, represented by the Director, Agribusiness Support Unit in the ministry, Mrs. Gbemisola Muninat Atitebi Osi-efa, described the crowd funding initiative of the firm as a laudable project that needs to be extended to an average person on the streets of Lagos.
She pledged to partner the company to ensure that many Lagosians enter into the housing net without much hassles.
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Firm advocates crowdfunding to meet nations housing needs - Guardian Nigeria
Art Crowdfunding Market Report to 2030 Industry Demand … – Cottonwood Holladay Journal
New Jersey, United States The Global Art Crowdfunding Market report provides a comprehensive analysis by blending in-depth qualitative and quantitative insights. It covers a wide range of topics, including a macro overview of the Global Art Crowdfunding Market dynamics, industry structure, market size, and micro-level details segmented by type and application. This report conducts a thorough analysis of the Global Art Crowdfunding Market, taking into account various influencing factors. It highlights notable market changes and challenges that companies and competitors need to overcome, while also capturing future trends and market opportunities.
The research in this report explores the Global Art Crowdfunding Market size (value, capacity, production, and consumption) across key regions such as North America, Europe, Asia Pacific (China, Japan), and others. It categorizes the Global Art Crowdfunding Market data based on manufacturers, regions, types, and applications. Additionally, the report analyzes the market status, market share, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, and distributors, and incorporates Porters Five Forces Analysis.
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Art Crowdfunding Market Report to 2030 Industry Demand ... - Cottonwood Holladay Journal
"Splice Here: A Projected Odyssey" 2023 update – In70mm.com
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Go to "Splice Here: A Projected Odyssey" 2022 updateGo to "Splice Here: A Projected Odyssey" 2020 UpdateGo to "Splice Here: A Projected Odyssey", Crowd Funding Campaign
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Thomas, editor, in70mm.com
"Splice Here" running time is around 2 hours and 15 minutes, and is presented with an overture, intermission and exit music.
"Splice Here: A Projected Odyssey", Crowd Funding Campaign
"Splice Here: A Projected Odyssey" 2020 Update
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"Splice Here: A Projected Odyssey" 2023 update - In70mm.com
Jason Kelce, Jordan Mailata, and Lane Johnson are back in the recording studio. Is another Eagles Christmas album in the works? – The Philadelphia…
Is there another Eagles Christmas album on the way? Can we get A Philly Special Christmas, Part 2?
Last year, Eagles linemen Jason Kelce, Jordan Mailata, and Lane Johnson teamed with local musicians and producer Charlie Hall for a 7-song holiday album that was wildly successful, to say the least.
The collection, which featured the trio of husky vocalists on holiday standards like Christmas (Baby Please Come Home), Santa Claus Is Coming To Town, and Blue Christmas sold out of 25,000 green vinyl LPs in three pressings. They raised $1.25 million.
The project, which was executive produced by ex-Eagle Connor Barwin, currently the teams director of player development, donated funds to local charities. The principal beneficiaries were Childrens Crisis Treatment Center and Philadelphia public school teachers through DonorsChoose, a crowd funding program that fulfills teachers wish lists.
Such success which included topping the Billboard compilation albums chart creates demand for a sequel. And one might possibly be in the works.
On Wednesday, Kelce, Mailata, and Johnson spent the day at Elm Street Studios in Conshocken, the recording facility owned by Rob Hyman of the Hooters, along with Hall and crew of stellar Philly musicians.
Kevin Hanson, the guitarist known for his work with Huffamoose and The Fractals, posted a photo on Instagram and Facebook on Wednesday that pictures him with Hall, Kelce, Mailata, and Johnson, plus other (musical) players Luke OReilly, Justin Faulkner, and Anthony Tidd.
Both Kelce and Johnson are wearing Santa hats in the photo. In his caption, Hanson called their Tuesday session at Elm Street the funnest of fun recording sessions.
So what did they record? Has the snow-covered sleigh ride to A Philly Special Christmas 2.0 begun?
That is uncertain. Philly Special spokesperson Maggie Poulos and Barwin both said its too early to tell if a new LP is on the way to be for the holiday season. The teammates, who had a media day at the NovaCare Center in South Philadelphia on Wednesday, wanted to get together at the studio on an informal basis, without a definitive plan where their latest collaboration will take them.
They had such a good time last year, they decided to go back into the studio and experiment for a couple of days before everyone takes off for the off season, Poulos said. It is unclear where the project is going at the moment.
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Jason Kelce, Jordan Mailata, and Lane Johnson are back in the recording studio. Is another Eagles Christmas album in the works? - The Philadelphia...
Ellon Wheel Park to recieve Cycling Facilities Fund support – British Cycling
The significant investment will enable the Aberdeenshire group to complete a community asset transfer and create an exciting new wheeled sport hub. The hub will have three main activity spaces; a closed loop cycle circuit, a beginner pump track and a more advanced community pump track located within Gordon Park in Ellon.
The plans for the project have been drawn up following consultation with the local community and will provide opportunities for mountain bikers, road riders and BMXers at all levels to take part and hone their skills.
The facility will be a huge benefit to the local area providing a free to use, open and inclusive sports facility.
Colin Allanach, Group Chair of Ellon Wheel Park Group welcomed the funding saying:
"This is a huge step forward for the project and will allow us to get the first phase of the exciting new facility constructed for the people of Ellon and surrounding area. I am so pleased for our supporters and the hardworking team behind the project.
This investment from sportscotland and Scottish Cycling, on top of other funding from the Place Base Investment Programme fund, the Rural Community Led Vision Challenge fund, EB Scotland (landfill), local development obligations, other grants, a crowd funding campaign and support from lots of individuals, businesses and other organisations has raised in excess of an incredible 750,000 for the wheel park.
This facility will provide a unique experience for wheel sports users of all abilities where they can play, have fun, learn and develop new skills. The wheel park combines a pump track, a cycle circuit and a skatepark in one area. The park will have a beginners area and will also be used to help people learn to ride and gain confidence on bikes before they go out to ride on the open road. The cycle circuit has been specifically designed with the help of wheelchair athletes and for the trishaws used by Cycling Without Age. This makes the park truly accessible for all
The national Cycling Facilities Fund was established to build on the growing interest in cycling and deliver a tangible benefit as part of the wider policy objectives driving the 2023 UCI Cycling World Championships.
Chief Executive of Scottish Cycling,Nick Rennie added:
Its fantastic to see yet another facility a step closer to realising its ambition, which in turn supports our goals of having the right facilities, in the right places, so more people can enjoy riding a bike.
I know a lot of work has gone on up in Aberdeenshire to get the project to where it is, so thank you to Colin and his team I cant wait to see it in action in the coming months and hopefully riding on it myself in the not too distant future!
In the first event of its kind, over 8000 amateur and elite cyclists and para-cyclists will come together in Glasgow and across Scotland in August 2023 to compete at the highest level over 13 existing UCI World Championships.
Sport Minister Maree Todd said:
With only a few months to go until the 2023 UCI Cycling World Championships, Im delighted that the Cycling Facilities Fund continues to contribute to a long-lasting active legacy.
This latest investment into an accessible and inclusive facility will support the local community to be active and hopefully encourage more people to give cycling a try -benefiting their physical, mental and social health.
The Cycling Facilities Fund is made possible through a 4 million commitment from Scottish Government and 4 million from sportscotland through National Lottery funds.
This unprecedented investment in cycling infrastructure across the country is being delivered through a partnership between Scottish Cycling and sportscotland to ensure projects can have a lasting impact on their communities and the sport well beyond the Championships.
Chief Executive of sportscotland, Forbes Dunlop, added:
The Cycling Facilities Fund is a fantastic opportunity to build on the excitement generated by a major sporting event by creating a network of places for people across Scotland to get involved in cycling.
Creating an accessible community hub to encourage participation in cycling and physical activity more widely, is exactly the kind of project we hoped would be delivered through this fund. Ellon Wheel Park Group has demonstrated real ambition and commitment and we look forward to seeing the riders enjoying their new home later this year.
Ellon is the latest community to benefit from the fund which has already seen 34 projects share over 4,535,000 of investment to provide accessible community and club facilities that inspire new and existing cyclists to make cycling a sport for life.
Craig Burn, Strategy, Policy and Impacts Director for the organising committee, said:
This August Glasgow and Scotland will welcome the worlds greatest cyclists and para cyclists for the first of its kind event, the 2023 UCI Cycling World Championships. It will inspire people to ride bikes whether it be for sport, leisure or transport.
The investment in Ellon Wheel Park Group to create an exciting new wheeled sport hub in Aberdeenshire is a wonderful reflection of the wider ambition of the Championships to work in collaboration with cycling and wider partners to create fun and safe places for people to discover the joy riding a bike can bring to their everyday lives.
The Championships is more than just an event and will celebrate the unique power of the bike and all it can bring to everyday lives, whether its physical and mental health benefits, easing congestion on the road to help the environment, or simply making it easier for people to get around. Underpinned by four key policy drivers - participation, transport, tourism and economy - the Championships will be a catalyst for behavioural change across Scotland moving forward.
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Ellon Wheel Park to recieve Cycling Facilities Fund support - British Cycling
Locker raises more than 1m in crowd funding round – The Irish Times
Irish sports start-up Locker has secured more than 1 million as part of a fundraising round on Spark Crowdfunding.
The Galway-based start-up set a goal of 1 million on the site, but has already exceeded that with several days left to run on the campaign.
The company, which was previously described by investors as Spotify for sport, plans to use the funding to add new features to its service, including video, expand its engineering team and increase the quality of the product
Founded in 2020 by Ross ODwyer, Brian Quinn, Andrew Pierse and Matt Steerman, the Locker app provides a single platform for fans to consume content on their favourite sports and teams from sources they trust.
The platform uses machine learning and trusted aggregation to compile content from hundreds of publishers. It covers a range of sports, from soccer, rugby, GAA and golf, to growing sports such as esports and cycling.
Conceptually, putting all your sport in one has always been our goal as a founding team, so were going to continue to deploy that into engineering, adding video and live sport into the app, releasing enhanced data, statistics, audio, he said. A lot of users have requested integration of sports betting, which is an interesting one, as we have to be open to what our users want.
Some of those new features could appear before the end of the year, he said, with work ongoing into enhancing features and improving the back end systems.
The crowd funding brings to more than 2 million the total raised by the company to date. A previous funding round in 2021 was led by Techstars Sports and the Western Development Commission, along with a range of media and technology investors from across the US and Europe.
What was interesting about crowd raising is the concept of advocacy and really getting users involved in the company and in the product, said Mr ODwyer. That concept of advocacy, and also allowing our users to be engaged with us as a founding team.
Mr ODwyer said the company was considering making the crowdfunding an element of future funding rounds.
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Locker raises more than 1m in crowd funding round - The Irish Times
The ROC Strikes Back At The Crowd Funding Model – Securities … – Mondaq News Alerts
18 April 2023
Pioneer Legal
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Start-ups and small companies in India are always on the lookoutfor viable sources of capital. At the same time, small investorsare interested in diversifying their portfolios and betting onpromising new ventures. This has led to the mushrooming of manyplatforms offering companies an opportunity to connect withinvestors to crowdsource their funding goals.
Equity crowdfunding is not explicitly regulated under Indianlaw. In light of this, the platforms have taken a considered viewthat so far as they and the companies using them comply with theprovisions of the Companies Act, 2013 and the applicable SEBIregulations, their activities would be permissible. Afterall, mostsuch platforms merely act as technology intermediaries connectingthe investors and the companies with each other.
However, a couple of recent orders passed by the Registrar ofCompanies, NCT of Delhi and Haryana("ROC") in the matter of AnbronicaTechnologies Private Limited and Septanove Technologies PrivateLimited ("Companies") have put thismodel of raising funds through crowdfunding under the scanner.
Background:
ROC Observations:
Order:
Conclusion:
Footnotes
1.Section 42(10): "Subject to sub-section (11), if a companymakes an offer or accepts monies in contravention of this section,the company, its promoters and directors shall be liable for apenalty which may extend to the amount raised through privateplacement or two crore rupees, whichever is lower and the companyshall also refund all the monies with interest as specified insub-section (6) to subscribers within a period of third days of theorder imposing the penalty."
2.Section 446B: "Notwithstanding anything contained in thisAct, if penalty is payable for non-compliance of any of theprovisions of this Act by a One Person Company, small company,start-up company or Producer Company, or by any of its officer indefault, or any other person in respect of such company, then suchcompany, its officer in default or any other person, as the casemay be, shall be liable to a penalty which shall not be more thanone-half of the penalty specified in such provisions subject to amaximum of two lakh rupees in case of a company and one lakh rupeesin case of an officer who is in default or any other person, as thecase may be."
3. https://www.sebi.gov.in/sebi_data/attachdocs/1403005615257.pdf
The content of this article is intended to provide a generalguide to the subject matter. Specialist advice should be soughtabout your specific circumstances.
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Visakhapatnam: Former JD VV Laxmi Narayana of CBI goes for crowd funding to save Vizag steel plant – The Hans India
Visakhapatnam : The efforts of VSP to mobilise funds for repair of the blast furnaces and make them operational is taking several twists and turns. While the Telangana Government took a U-turn on its hyped decision to participate in the bid and invest Rs 5,000 crore, in a surprise move, former Joint Director (JD) of the CBI VV Lakshminarayana submitted an Expression of Interest (EoI).
The former JD's registration for the EoI was done through a private firm. Terming the Visakhapatnam Steel Plant as the pride of Andhra people, Lakshminarayana said that the plant needs to be protected from being privatised and hence he decided to participate in the bidding.
The VSP is still an infant, he said. He further said that the government may believe in 'clean shave' of the steel plant, but he believes in 'clear save' and that is the reason why he decided to pitch in. The next step, he said, would be focused on pooling of funds once the bid is declared qualified.
Talking about raising funds for the VSP, Lakshminarayana said that crowd funding and digital transfer systems would be considered. "Even if 8.5 crore Telugu people contribute Rs100 a month, it would help in saving VSP from strategic sale with a collection of Rs 850 crore within a few months," he added.
Making it clear that his move was not a political stunt, Lakshminarayana said his aim was to protect Rashtriya Ispat Nigam Ltd (RINL) from getting passed on to private players. If the bidding does not get qualified, still he would continue his fight in the court to protect it from being privatised, he stated.
He said, "Since there are a number of on-going infrastructure projects in Telangana, I have been requesting the Telangana government to get raw material from VSP to cater to their project requirements so that it would be a win-win situation. Also, I have met Telangana Chief Minister K Chandrashekar Rao and submitted a request towards this direction as well," he said.
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Visakhapatnam: Former JD VV Laxmi Narayana of CBI goes for crowd funding to save Vizag steel plant - The Hans India