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PRESS RELEASE: Fundable and Staples Team Up to Crowdfund Next Great Innovation

Winner of the Crowd2Shelf Contest Will Have the Opportunity to Sell on Staples.com and/or Staples Shelves

COLUMBUS, Ohio --(August 1, 2014) Fundable, the largest business crowdfunding platform, and Staples (NASDAQ: SPLS) have teamed up to launch the first Crowd2Shelf Contest. Created by Fundable and sponsored by Staples, the Crowd2Shelf Contest invites entrepreneurs and small businesses to harness the power of crowdfunding to propel their product onto Staples.com and the shelves of Staples stores.

According to Fundable CEO Wil Schroter, “We’re thrilled to work with Staples to help small businesses tap into the power of crowdfunding as well as Staples’ world-class retail capabilities. Staples shares Fundable’s mission of empowering entrepreneurs to do great things, and we’re looking forward to helping great businesses launch through the Crowd2Shelf Contest.”

The winning entrant(s) will have the opportunity to present their products to the Staples store merchandising teams for the chance to sell their products in Staples stores and on Staples.com through the Staples Brands Group product line.

“The Staples Brands Group is always looking for new ways to help our small business customers make more happen for their business,” said Scott Young, senior vice president, Staples. “We’re thrilled to team up with Fundable as the sponsor of the first-ever Crowd2Shelf Contest and to help emerging businesses by bringing their innovative products to our customers.”

Entrepreneurs and small businesses can enter the Crowd2Shelf contest at http://www.fundable.com/crowd2shelf. Contest entrants will be asked to create a crowdfunding campaign page and encouraged to share their profile through their social channels, asking the public to support them with their vote. A panel of innovation experts including Fundable and Staples representatives will select the top 25 submissions that will continue in the Crowd2Shelf Contest. Contestants will be judged on their number of votes, the success of their crowdfunding campaign, and judges' recommendations.

Submissions will be accepted from August 1st to August 31st, with the Top 25 submissions being announced on October 5th. Final winners will be announced December 10th.

The panel of judges will consist of:

  • Elliot Schneier, startup funding and growth architect
  • Scott Miller, visionary creator and force behind iRobot
  • Wil Schroter, veteran technologist and internet entrepreneur
  • Daniel Reilly, director product design innovation, Staples
  • Scott Young, senior vice president, Staples
  • Peter Gerstberger, director of new business development, Staples
  • Brian Coupland, vice president business development, Staples

About Fundable:
Fundable.com is the largest business crowdfunding platform with over $130 million in commitments, and is exclusively dedicated to helping businesses. Different from any other crowdfunding platform, Fundable offers both rewards and equity business crowdfunding options. Founded by veteran entrepreneurs who have raised countless venture capital and angel investment rounds of financing, Fundable seeks to empower startups by providing access to early stage growth capital.

About Staples:
Staples makes it easy to make more happen with more products and more ways to shop. Through its world-class retail, online and delivery capabilities, Staples lets customers shop however and whenever they want, whether it’s in-store, online or on mobile devices. Staples offers more products than ever, such as technology, facilities and breakroom supplies, furniture, safety supplies, medical supplies, and Copy and Print services. Headquartered outside of Boston, Staples operates throughout North and South America, Europe, Asia, Australia and New Zealand. More information about Staples (SPLS) is available at www.staples.com.