European Space Agency’s incubator selects Symbid for incubation track

06 SEPTEMBER 2012, ROTTERDAM, NETHERLANDS
Summary
Symbid, the equity-based crowdfunding platform from The Netherlands, is ESA's new incubatee, meaning that from now on Symbid can start building their Location Based Contract Management System, automatically providing investors with the right contract.

06-09-2012 Noordwijk, The Netherlands - The idea of building a Location Based Contract Management System was chosen by ESA-BIC for its innovative use of location-based information. Symbid, as a crowdfunding platform that is expanding internationally, often runs into difficulties with variations in financial legislation. These can prevent investors from participating in different business ideas on one of Symbid's platforms. Symbid is in conversation with several partners across multiple European countries, requiring the need of a management system that can automatically assign the correct regional contracts to investors. ESA’s satellites will help determine the location of the investors and take over a process that is currently time-consuming and complicated.

Symbid's CEO, Korstiaan Zandvliet, says: “Now that equity-based crowdfunding is gaining momentum, its orientation is becoming increasingly international. As a crowdfunding platform that aims for high quality services, we see it not only as our obligation but also as our main goal to service entrepreneurs and investors internationally, without the hassle that local legislation sometimes provides. Our cooperation with ESA-BIC is a great step in setting the next standard for the crowdfunding market in terms of pan-European investor support”.

ESA-BIC's support of Symbid's Management System is another step towards the next frontier. After successful implementation of the First European E-Money Trust's safety standards for the crowdfunding industry and the Crowdfunding Accreditation for Platform Standards (CAPS) in the pocket, it seems that Symbid is becoming the overall standard for the equity-based crowdfunding market.

The Location Based Contract Management System is due in ten months. 

Quotes
"Now that equity-based crowdfunding is gaining momentum, its orientation is becoming increasingly international. As a crowdfunding platform that aims for high quality services, we see it not only as our obligation but also as our main goal to service entrepreneurs and investors internationally, without the hassle that local legislation sometimes provides. Our cooperation with ESA-BIC is a great step in setting the next standard for the crowdfunding market in terms of pan-European investor support" Korstiaan Zandvliet
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About Symbid

About Symbid

Founded in April 2011 as one of the first investment crowdfunding platforms worldwide, Symbid is The Funding Network™, where companies get funded and grow. As a leading online funding portal for small- and medium-sized enterprises, Symbid gives entrepreneurs direct access to traditional and alternative forms of finance, while offering investors full transparency on the potential risks and returns of their portfolio. Advanced investing, monitoring and data tools ensure companies connecting to The Funding Network™ are financed in the most efficient way possible. Built around cutting-edge technology and expert financial advice, The Funding Network™ by Symbid is the go-to platform for entrepreneurs in search of funding and investors in search of exciting opportunities. As of March 2015, Symbid (www.symbid.com) has successfully funded 70 small businesses for a total capital sum of $7.5 million. With over 40 funding partners already connected – including banks, venture capital, angel investors and 30,000 private (crowdfunding) investors – the total transaction volume of The Funding Network™ in 2015 is estimated at $800 million. Symbid Corp. is a U.S. publicly listed company (OTCQB:SBID). For investor relations, please visit www.symbidcorp.com.

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