A new crowdfunding platform for the creative industries has been launched in Cambridge.
TechBnk has been designed to help start-ups and large companies raise money online to turn ideas into innovative products.
Crowdfunding has become the money-raising method of choice for businesses of all shapes and sizes in recent years, and TechBnk founder Nkem Mpamah said: "Essentially we're keen on technology and creative industries. We will support all sorts of innovation, gaming, film and design. While technology is popular, there isn't enough funding support for individuals and startups to unleash their creativity in this area. The same is true with gaming, film, fashion, and design innovations.
"My experience coaching and mentoring startups in UK, Africa and some parts of the US suggests that there is a huge gap between individual having creative ideas and finding the money to fund those ideas. Banks are not interested in financing startups, and sophisticated investors such as VCs and Angels make unbearable demands to secure their money. So creativity and innovation suffer at the expense of funding barriers imposed by the system."
In addition to fundraising, the company offers comprehensive business development tools for people to unleash creativity and build successful campaigns.
Nkem himself knows a bit about start-ups. A chartered accountant by trade, he turned his hand to business coaching, advising many entrepreneurs and authoring four business books including The Entrepreneur – A Lean Startup Culture for the Smart Entrepreneur to Build a Sustainable Business, which was released in November.
He added that he hopes TechBnk can make a "real difference" in the crowdfunding market.
"We are privileged to operate in Cambridge, a city hosting some of the most amazing technology, biotech, and software start-ups in Europe, as well as having good proximity to London," he said.
"Taking Cambridge as case study, we have prominent universities producing some of the best talents in various disciplines including technology, engineering, filming, gaming, and music every year. Although some of the institutions run various acceleration programs to support startup ideas; who caters for the graduates having no access to acceleration programs?
"TechBnk is founded to fill this gap and empower individuals, startups, and even large companies to raise finance through crowdfunding to invent new products and solutions that adds value."
Head over to techbnk.com for further details.
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