Two local Bristol entrepreneurs have launched a brand new crowdfunding platform offering a new way for people to fund social and creative ideas and projects in Bristol.
Bristol, UK -- (SBWIRE) -- 02/04/2014 -- Oliver Mochizuki and Derek Ahmedzai created Fundsurfer.com to provide an additional source of funding projects and ideas in a climate where lending from banks has become restricted as well as addressing the loss of grants and funding for the creative industries. Recently they have been invited to visit a number of interested investors in California and to visit tech start ups and other business incubators.
Fundsurfer offers rewards and donation based crowdfunding but the development team behind the platform are developing lending and equity crowdfunding to create only the second ‘hybrid’ platform in the UK.
In November 2013 Fundsurfer Ltd was accepted into the Bristol SETsquared Centre based at the historic Engine Shed in the cities Enterprise Zone. SETsquared accelerates early stage, high-tech, high-growth businesses and has helped its members raise over £115m since 2007 and create over 650 jobs. Having previously won two national awards from trade body, UKBI, the SETsquared Partnership was recently ranked 4th best business incubator in the world, and number one in Europe. Oliver who is 34 and lives in Horfield said:
“We created Fundsurfer.com to offer a simple yet highly effective platform to raise funds. Currently bank lending to small businesses and funding for creative and social projects has been cut dramatically. With councils expected to deliver 100% of services for 60% of the budget there is huge scope for disruption of traditional funding models. This applies to all sectors and industries, in the future all kinds of companies will be involved with crowdfunding”
“It’s a real honour to be part of the SETsquared Centre. We are also in discussion with key figures from the public and private sector to create a number of partnerships across Bristol. It is no exaggeration to say that in the future billions if not trillions of pounds will go through crowdfunding platforms. Anyone interested in submitting a project can register on the site for free and start raising funds, it’s a fantastic way to see if your idea is a good one without it costing you anything”
Nick Sturge, Director of the Bristol SETsquared Centre, commented: “A ready flow of investment for any project - be it a film, community project or start-up business - is a game-changer. Bristol & Bath needs more investment activity and we are keen to support any business that strives to disrupt this market. Crowdfunding is a hot-topic at the moment and Fundsurfer’s model is appropriately innovative - as we would expect from a Bristol business!”
Oliver and Derek founded Fundsurfer Ltd in 2012.
After launching Fundsurfer in 2014 and offering donations and rewards based crowdfunding they will provide equity based crowdfunding crowd lending in 2014.
Oliver previously co-founded Brisfest and works as a film producer. He also sits on the board of an LA based not for profit, The Creative Mind Group and lives in Horfield. He ran for local council in 2013 as part of Independents for Bristol.
Derek lives in Bishopston. He has been building websites for over a decade and works with local social enterprises including Happy City.
The SETsquared Partnership (http://www.setsquared.co.uk) is the enterprise collaboration of the Universities of Bath, Bristol, Exeter, Southampton and Surrey. Together, the universities employ 8,500 academic staff; earn £450m of the UK’s higher education research budget; and produce 11% of all UK university patents.
The partnership has a 10-year track record of supporting companies through its innovation centres, which provide access to industry specialists, investors and experienced entrepreneurs. SETsquared currently supports over 250 early stage high-tech, hig growth potential businesses, and 90% of its incubated companies are still in business three years on. In the past five years, nearly £0.75bn in investment funding has been raised by spin outs and incubated companies.
About The Bristol SETsquared Centre:
The Bristol SETsquared Centre, now located within the Engine Shed in the heart of Bristol’s Temple Quarter Enterprise Zone, supports over 60 members who between them employ over 650 people and have raised over £80m in the last 6 years.
A full list of the businesses currently supported by the Bristol SETsquared Centre can be found at www.setsquared.co.uk/companies/bristol-centre-members
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Fundsurfer Ltd. Engine Shed, Temple Approach, Bristol, BS1 1QH
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