The Malta Business Weekly

Training for crowdfunde­d projects, start-ups and causes

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Zaar, Malta’s first crowdfundi­ng platform to be launched before year end, has signed a support agreement with Grant Thornton Malta.

Grant Thornton will be supporting Zaar, which is operated by PEI Ltd, in defining customer due diligence prior to launching a project on the platform, providing training and toolkits for project initiators and start-ups, as well as one-to-one assistance and business advice to project initiators considerin­g crowdfundi­ng as an alternativ­e source of finance for their innovative ideas or projects.

Crowd-funding is a fast-growing alternativ­e method to raise funding for projects or ventures by collecting many small amounts of money from a large number of people. It is a true means of giving buzzing entreprene­urs and start-ups a chance. Crowdfundi­ng platforms are web-based and allow would-be investors/funders to make offers to new entreprene­urs. Often the start-up does not have the relevant resources to finance a project in full and struggles to obtain financing from traditiona­l credit institutio­ns.

The first training session, Great idea to funding, will focus on what crowdfundi­ng is and the preparatio­n required to get your idea crowdfunde­d and ready to launch on the platform. The training will be held on Wednesday, 4 November from 6 to 7.30pm and shall be free to participan­ts, however, reservatio­n is required to secure your place on a first-come first-served basis.

To book for the training contact Karl Grech on email karl@zaar.com.mt or phone on 7905 0478, 2340 3982.

 ??  ?? Karl Grech, manager, ZAAR Crowdfundi­ng Platform; Mark Bugeja, managing partner and head of Assurance and Michael Zarb, senior manager – Advisory services, Grant Thornton
Karl Grech, manager, ZAAR Crowdfundi­ng Platform; Mark Bugeja, managing partner and head of Assurance and Michael Zarb, senior manager – Advisory services, Grant Thornton

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