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Crowd-funding takes off in Asia

11 July 2013 Last updated at 03:32 BST

Crowd-funding websites have provided a vital source of finance for many entrepreneurs in the US and Europe.

Start-up firms can reach a huge audience of potential investors by posting their ideas on a crowd-funding websites, which will then help them collect money from anyone keen on investing in their project.

At the moment, Asia accounts for just 2% of money raised this way.

But as Saira Syed explains, that is changing fast.