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Cofounder Speed Date has come far in its mission to help entrepreneurs find equally passionate cofounders — a key bridge to success. But the startup — itself less than a year old — is now reaching out to more and more local partners in a bid to accelerate the process.
Lack of funding is nothing new for many young entrepreneurs. Without assets or experience, traditional funding sources are often out of reach. As luck would have it, 23-year-old Sydney-based entrepreneur Ryan Wardell thinks he’s hit upon a solution. His company, Project PowerUp, pitches itself as "Australia's first crowdfunding platform for startups and small businesses."
Crowd-funding has been spun as a viable alternative to traditional modes of finance and sponsorship in Australia, particularly for cash-strapped artists and independent filmmakers. But what if the crowd-funding model can be applied to startups as well? It's a question that has been floated recently, and Ryan Wardell thinks he has the answer. He's just launched Project PowerUp, and if it catches on, it will do for small businesses what Kickstarter has done for the arts.