Crowdfunding site Kickstarter made its debut in Asia today with simultaneous launches in Hong Kong and Singapore, offering entrepreneurs in the cities the chance to attract funding from investors around the world.

Previously entrepreneurs in either entrepot had been unable to launch funding drives for projects on the high-profile funding platform, which has previously supported projects including the Oculus Rift VR headset and the Pebble watch.

The launch in the region’s two free-market favourites makes them the first two Asian entries on a list of North American and European countries whose residents can outline projects on the site, alongside a funding goal and deadline to meet it via pledges from potential backers whose promised payments only go through if that minimum is met in time.

Entrepreneurs in Hong Kong and Singapore seeking to fund a project through the platform can now set up accounts using local banking and business details and set funding goals in Hong Kong and Singaporean dollars.

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