Mediacorp’s Mediapreneur partners FundedHere to Help Incubate Local Startups
Singapore, 12 December 2016 – Mediapreneur and crowdfunding platform FundedHere announced a strategic partnership to promote seed funding for mediarelated startups through the crowdfunding platform.
Through this strategic partnership, Mediapreneur-supported startups will be listed on FundedHere, giving them a wider platform to attract capital. Mediapreneur, which puts seed-stage media companies through a one-year structured incubation programme, will also connect FundedHere to other startups.
The collaboration between FundedHere and Mediapreneur has already helped one company, Spotted!, raise S$375,000. Spotted! will use the proceeds raised through FundedHere to expand its business of turning digital advertisements into games to help advertisers better engage their target audience.
“We are excited to collaborate with Mediapreneur to contribute to the growth of local entrepreneurs. FundedHere targets companies, like Spotted!, with compelling services and products that can solve real problems.” said FundedHere CEO, Mr Michael Tee.
“We are pleased that the first Mediapreneur startup we put on the Fundedhere platform was able to reach its fund raising target very efficiently. The platform works well for seed stage companies seeking capital before Series A. It certainly works for us and we expect to do more in the coming years following this successful partnership,”said Mediacorp’s Head of Strategic Planning, Mr Guillaume Sachet.
Launched in 2013, Mediacorp’s incubator Mediapreneur provides seed funding, intellectual property, mentoring, working space and networking opportunities for digital media startups. Startups supported by Mediapreneur also get regular guidance from mentors and can tap Mediacorp’s TV, radio, print and online platforms to reach customers.
FundedHere is the first registered private equity and lending-based crowdfunding platform for promising businesses in Asia issued by Monetary Authority of Singapore (MAS). FundedHere has built an ecosystem for investors and businesses, utilizing Singapore as a springboard for Asia.