SEEDUPS Goes Live Today

Seedups, the new crowd-funding site for entrepreneurs, launched its Beta website in Ireland this week. Seedups uses "wisdom of crowd" applications to match great business ideas and start-ups with a pool of sophisticated high net worth investors. The aim is to enable entrepreneurs to secure funding for start-up businesses faster, as well as offering investors access to a wide range of early stage projects to review follow and invest in. The business has been in development for 12 months and is backed by Derry entrepreneur Michael Faulkner the founder of EuroXchanger.com and EuroXchanger Currency Services.

Michael says the idea came to him when using other crowd funding initiatives in the US such as Kickstarter and Indiegogo which fund creative and lifestyle ideas. Looking at the problems we face in the banking sector and traditional funding mechanisms for start-ups, this seemed like a timely solution in part for those most promising start-ups that need seed capital.

Seedups is aimed at improving the chances for early stage entrepreneurs match up with potential investors by providing a free platform to pitch their ideas in a secure environment. The SnapShot^TM system allows entrepreneurs to build an easily viewed, rich-media profile which is accessible only to the pre-qualified high net worth individuals and angel investors who are interested in that sector or project type and registered with Seedups. Entrepreneurs can be looking for seed money in order to develop brand new ideas or for larger amounts as they develop and grow their businesses which in start-up phase should be under 2 years old.

Seedups is Irelands first crowd-funding website and aims to fill a niche in the market for entrepreneurs looking to raise small amounts of equity capital, and Seedups provides the social networking arena in which to pitch ideas. We are now calling on all enterprise development partners to leverage their networks and refer active start-ups seeking start-up capital to Seedups.com

For further information contact Michael Faulker at:
Michael@seedups.com
www.seedups.com
www.twitter.com/seedups