Try "pre-release distribution" Wadiz

“2024 Startup Platform – WadizProject
Serving as a ‘specialized platform’ to help small business owners succeed with innovative ideas
Following the positive response to ‘Pre-Launch Distribution’ via test sales prior to the first distribution phase
Ministry of SMEs and Startups Takes Notice… Connecting Investments to Startups Selected byWadiz

Instead of just adding a spoonful or two (financial investment) to a pot of cooked rice, what if we helped turn it into a nutritious mixed-grain rice (startup support) and even let you know if it actually tastes good (market validation)? If that delicious, nutritious rice dish gains popularity, providing follow-up investment to ensure it yields not just a spoonful or two, but ten or even a hundred bowls of rice, is just a bonus.

The process of Wadiz(CEO Shin Hye-seong), a crowdfunding platform that bills itself as the “number one destination for startups,” can be simplified as follows.

What small business owners with innovative ideas want most is to secure initial funding to bring their products to market and to know whether those products will actually sell well. Wadiza platform that addresses both of these needs at once. You can see at a glance how much funding has been raised relative to the target goal, based on public support.

Screenshot of the Wadiz website

A look Wadizon the 5th reveals a wide range of funding projects, from those seeking hundreds of thousands of won to those aiming for hundreds of millions. One project stands out for having exceeded its funding goal by a staggering 26,600%. While this might lead one to expect a project raising tens or even hundreds of billions of won, the actual amount raised is only around 100 million won. This truly is a platform used by small business owners.

The small business owners mentioned earlier have thoroughly validated their products’ market potential and can either raise the price of their packages—which currently range in the hundreds of thousands of won—or diversify their product offerings based on public feedback. Even a cursory glance reveals that there are more than a few such projects Wadiz. Wadizvision for the ecosystem is for small business owners to secure early supporters who recognize the maker’s potential for success, and use them as a foundation to further develop their products.

One entrepreneur who launched a follow-up crowdfunding campaign has already surpassed 79,500% of their funding goal. The total amount raised is nearing 400 million won. Well over 200 backers are signing up to support the maker, as if they’ve discovered a hidden gem.

 

Wadiz Introduction Materials

Shin Hye-sung, CEO of Wadiz, explains the platform’s strengths in terms of “discovering small brands” as follows.

“We are leading the industry with a new business model that goes beyond domestic reward-based crowdfunding to discover and nurture small brands and support their subsequent distribution. If a campaign Wadizreceives a positive response from users, it can generate sustained sales through Wadiz. Wadizis actively collaborating with online and offline distribution channels, such as live commerce and TV home shopping, to expand sales channels for small brands. We provide opportunities for makers who started Wadizto continue selling their products and services and grow, and we are committed to fostering small but strong, unique brands and opening up new sales channels.”

The Ministry of SMEs and Startups (MSS) has also taken note of Wadizrole as a startup platform.

Wadizis currently partnering with the Ministry of SMEs and Startups to provide support for the development of “Lycons.” “Lycon” is a neologism combining “life” and “local” with “unicorn,” referring to entrepreneurial small business owners who drive manufacturing-based service innovation in lifestyle sectors such as food, clothing, and housing.

“In 2023, Wadiz, a subsidiary Wadiz, successfully connected 14 startups it had selected to the Ministry of SMEs and Startups’ Private Investment-Linked Matching Loan (LIPS) program, cementing its reputation as a leading discoverer of small brands.Wadiz, an investment and incubation program through which Wadizdirectly invests in promising brands, enables participants to expand their sales channels via offline exhibition spaces and receive support for entering overseas markets. Based on its unique and differentiated “One & Only” strategy, Wadiz is actively supporting the global expansion of promising domestic startups through collaborations with Japan’s largest crowdfunding platform, “Makuake,” and Taiwan’s “Zek Jack,” among others, thereby accelerating its global business operations.

(Original: A 20,000% return? It’s not just someone else’s story… Try “pre-launch distribution”Wadiz)