Ubuntu Start-Up Fund Aims To Assist Entrepreneurs Sustain Their Businesses Through Crowdfunding
Ubuntu Start-Up Fund Aims To Assist Entrepreneurs Sustain Their Businesses Through Crowdfunding. Ubuntu startup fund is a transparent fund raising app which allows startups to generate passive income to sustain their businesses through crowdfunding. The company believes ideas can change the world but ideas alone are not enough to make any impact without someone to financially back them. Most ideas die before they start due to lack of funds. These so called “failed” ideas could have just been several rounds of funding away from success. Ideas are seldom born great, more commonly; they are pieced together over time to become great.
Ubuntu start-up fund is a mobile crowdfunding app for startups that brings together a richly diverse, furiously unique and radically creative group of people to support, inspire and co-fund business projects irrespective of the nature of the project or idea. Startup founders can create projects on the platform for any amount between R1000 and R30,000; this could be to buy a new equipment, start a marketing campaign or to formalise their business etc.
Ubuntu allows founders to set a deadline for themselves between 30 to 180 days to raise the funds they need. Upon successfully raising the funds or deadline lapsing, their project is removed from the app and the money raised will be paid into the founders bank account. Ubuntu collects a 5% management fee and finance processing fees, upon the end of the campaign or successful fund raise, whichever comes first.
The core of Ubuntu is leveraging social capital to empower entrepreneurs, restore livelihoods and the develop occupational diversity of the market place through a streamlined platform designed to offer financial support, priceless business advice and insight.
