Crowdfunding set to take off

Before they raise funds, companies need to have a clear objective of the purpose of the funds, says Chung (left) as Foo looks on.

With crowdfunding companies approved by the Securities Commission now up and running, startups and SMEs have a new avenue to turn to for their funding needs, writes LIM WING HOOI.

Equity crowdfunding is another potential avenue that startups and small and medium enterprises could look at for fundraising.