Skip to main content

MSMEs, start-ups urged to avail crowdfunding options

 



CEBU CITY, Cebu, March 17 (PIA) -- SEC-licensed crowdfunding intermediaries have encouraged micro, small, and medium enterprises, as well as start-ups businesses, to utilize the means of crowdfunding as a financing alternative for raising capital needed for business formation and operational expansion.

These crowdfunding intermediaries offer various capital-based products and services that aim to assist businesses in forming capital and expanding their operations.

During the SEC Roadshow on Capital Formation held in Cebu City on March 17, executives from Investree Philippines, Seedin Technology, Inc., and Eastern Securities Development Corporation (Round One) presented their respective crowdfunding platforms as a capital-raising tool for businesses.

They also conducted personalized consultations with the MSMEs' owners who attended the activity regarding the financing processes and other relevant investment information.

According to the SEC, as of December 2022, there were over 200 businesses that had successfully raised capital through the platforms offered by the said crowdfunding intermediaries.

Crowdfunding is one of the financing platforms promoted by the SEC as a viable capital financing option for MSMEs and start-ups.

It involves the pooling of funds from a large number of individuals who offer equity or rewards in exchange for an individual’s contribution.

The process is being done through online platforms. (RGC/PIA7 Cebu)


Labels:

Comments

Post a Comment

Popular posts from this blog

Dumaguete crime rate drops

  DUMAGUETE CITY, Negros Oriental, Nov. 10 (PIA) -- The Dumaguete City Police Station has reported that between October 1 to Nov. 7, only 70 crime incidents were recorded, a decrease by 21% compared to 91 incidents in the same period of last year. In a City Peace and Order Council meeting, Lt. Col. Ronoel Fungo disclosed that no homicide, murder, robbery, carnapping, rape and rape with homicide cases were reported in the same period.  The City Health Office also reported that of the total 905 surrenderees or people who use drugs (PWUDs) in 2017, around 334 or 37% have completed their assessment as of Nov. 7, 2023. With the absence of drug dependents and pushers in Poblacion 4, 5, and 7, these are considered drug-free barangays, while Poblacion 6 was declared drug-cleared.  The City Health Office also noted that the low or no response to assessment of PWUDs are due to change of address, unknown whereabouts, conflict in work schedule, and imprisonment.  Meanwhile, the ...
Post a Comment
Read more

POPCOM7 strengthens KATROPA implementation in CV LGUs

  (Center left) Board of Director KATROPA Danao City Federation, Juan Capuno Jr. and POPCOM KATROPA Focal Person, Roberto Yana (Center right) CEBU CITY, Cebu, March 1 (PIA) -- The Commission on Population and Development (POPCOM) Region 7 is strengthening the implementation of Kalalakin-an nga Tinud-anay sa ilang Responsibilidad og Obligasyon sa Pamilya (KATROPA) in the local government units (LGUs). During the Kapihan sa PIA, KATROPA Focal Person Roberto Yana disclosed that they aim to educate the male population of their responsibilities in the family, especially on their roles as son, husband, and father.  Members undergo a training of trainers to have a wholistic understanding of their roles and responsibilities in family planning. Yana explained that they accept members as young as 15 years old so they would be educated on community development, livelihood, and responsible parenthood.  In the same forum, Board of Director of the KATROPA Danao City Fede...
Post a Comment
Read more

EMB 7 creates composite team for water sampling

The Environmental Management Bureau (EMB) 7 of the Department of Environment Natural Resources Central Visayas on Tuesday, Dec. 28, has created a composite team for water sampling in the different parts of the region affected by Typhoon "Odette" (International name: Rai). The EMB 7 deployed two teams conducting ambient water sampling in the Northern Cebu (Liloan area, Consolacion, Mandaue and Mactan Coastal Area) and Southern Cebu (Cebu Port Area, Talisay, Naga and San Fernando). The bureau said the first two samples from Punta Engaño near Movenpick Hotel Mactan Island Cebu and Umapad, Mandaue City near the bridge and Petron) taken last Dec. 23 and 24 were brought to Ostrea Laboratory since the EMB laboratory cannot analyze due to no electricity. The office is still awaiting the result for these two samples which will be available by Wednesday, Dec 29.  It said the other samples taken on Tuesday will also be brought to Ostrea laboratory, an accredited laboratory of EMB 7. (ID...
Post a Comment
Read more