23 June 2017, New York – Angel investor Tey Por Yee & Gomif Partners are launching the Accelerator17 2.0, a seed capital investment program through socialpreneurship crowdfunding. The first part of the road show shall focus on New York, London, Paris, Tokyo and Singapore.
Tey Por Yee (Larry) is a venture capitalist investing in businesses with socially responsible business initiatives. Gomif Partners, co-lead by Larry, shows the tech-savvy startups on New York Cyber Workshop, how easy to contribute to society by using the Internet, besides making a profit from the business.
Socialpreneur can help, for example, to educate and support 40 orphans in Kampala. The program was initiated by a Ugandan physics teacher and pastor supporting 40 orphans (abandoned children) on a limited salary. The idea inspired a small volunteer group to set up Nursery and Primary 1. The group needs to buy land and build a school to educate the orphans and, by using surplus spaces, and to financially support the orphanage. The project will feed and educate the orphans.
Gomif will pick up an equity stake in qualified startups as part of the program. Interested candidates can visit http://www.gomif.com and submit business plans online. The program is preparing for the launch of Accelerator17 2.0 some time in July.
About Gomif Partners
Gomif Partners (GP) is an early stage investment crowdfunding network joint lead by socialpreneur Larry Tey Por Yee and several private venture partners. GP’s investors invest in and work with information technology companies at any stage but they are primarily focused on seed and early stage investments. GP is interested in socially responsible business models, especially renewable, retail, manufacturing, software, and services surrounding this concept. Visit http://www.gomif.com
Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people. Crowdfunding is a form of crowdsourcing and of alternative finance. In 2015, it was estimated that worldwide over US$34 billion was raised this way. Crowdfunding has been used to fund a wide range for-profit entrepreneurial ventures such as artistic and creative projects, medical expenses, travel, or community-oriented social entrepreneurship projects.