There is a lot more to fund-raising than mere soliciting of financial support. Raising funds, whether for charity or non-charity purposes, entails a campaign. On top of that, it is regulated differently.
For example, fund-raising for start-ups such as venture capital and private equity firms are regulated by the Monetary Authority of Singapore (MAS), as opposed to charity fund-raising, which requires a permit from the Singapore Police Force.
Indeed, knowledge is key to fund-raising success, says Robin Teurlings of The Startup Buddy, an advisory connecting start-ups to potential investors, which won the SCAPE Most Innovative Startup Award as a part of the Singapore National Youth Entrepreneurship Awards 2018. He says: “Find a good legal counsellor or lawyer
who can advise you. Other than the regulations for fund-raising that apply in Singapore, you need to adhere to a lot of other company regulations and laws.”
Let’s take a look at how funds are most commonly raised in Singapore on various platforms, and what they entail.
START-UP ECOSYSTEM
Comprising incubators, accelerators, venture capitalists and angel investors, this ecosystem is a network for fund-raising startups in Singapore.
This story is from the September - October 2019 edition of NSman.
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This story is from the September - October 2019 edition of NSman.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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