The Start-G-Idea Platform is a crowdfunding platform that aims to remove financial barriers for young entrepreneurs below 25 years old. It provides a platform for entrepreneurs to showcase their ideas, connect with investors, and seek funding to turn their innovative concepts into reality. For more information about the platform, visit the About Us page.

Crowdfunding is a method of raising funds from many people, typically through an online platform. It allows individuals or businesses to present their projects or ideas to a broad audience and receive financial contributions from interested backers. Backers can fund any amount, from as little as $1.

The platform sustains itself through a 2% commission on funds raised, charged to the creator. The platform does not receive any fees from the investor. The commission received will be used for the hosting and maintenance of our platform, as well as development of future features on our platform.

The Start-G-Idea Platform is owned by Genius Development Workshop Hong Kong, founded by Kenneth Ma, an experienced angel investor.

There are no age requirements for being a creator. Although, if the creator is below 18 years of age, a project mentor will be assigned to the creator. However, there is an age requirement of 16 years old to be an investor on the platform. The age requirement comes from the legal age of being able to own a credit card in Hong Kong. Age requirements may vary according to country.

The Start-G-Idea Platform differentiates itself by not only providing a crowdfunding space but also offering business development planning, project development guidance, brand building and marketing advice, software technical guidance, access to development facilities, and a co-working space for a collaborative environment. Apart from offering help to startup entrepreneurs financially, we want to maximize the success probability of these startups in their ideas.

No, crowdfunding is not the same as selling shares in a startup company. While both involve raising funds for a venture, crowdfunding is focused on supporting specific projects or ideas rather than offering ownership in a company. The Start-G-Idea Platform allow individuals or businesses to present their projects or ideas to a broad audience and receive financial contributions from interested backers. The funds raised through crowdfunding are typically designated for the specific project or idea outlined in the proposal and do not grant investors any ownership rights or voting privileges within a company. It is more akin to seeking angel investments specifically for a project or idea rather than selling shares in a startup company.

After the funding campaign has ended, there is a grace period of 7 days to ensure all funds have been debited from the funder’s account. Within those 7 days of grace period, the project creator will have to deliver a spending proposal in each milestone, defined bi-monthly. The proposal will be published on the project’s page and the first bi-monthly funds will be released to the creator. To receive the second bi-monthly funds, the creator will have to provide a status update on the project’s page to receive the second bi-monthly funds. Updates will be based on project development and receipts received.

No, the platform does not charge fees on the funds pledged by the investor. However, the platform charges fees on the funds during the time it is dispensed to the project creator.