Crowdfunding Public Goods Meeting the needs of citizens
Crowdfunding Public Goods Meeting the needs of citizens in SE Europe via crowdfunding when public bodies fail to do so. Building the Crowdfunding Market in the SE Europe HUB 385 - Zagreb 13 th October 2016 Tim Wright
PUBLIC GOOD ? A commodity or service that is provided without profit to all members of a society
CANNOT? GOING BEYOND? STEPPING IN? WILL NOT?
£ 800 k IN 3 MONTHS Community Benefit Society 5 -8. 5% RETURN
Key Considerations
The TAMP Process The Purpose of TAMP is to: • T • A • M • P Targets Audit Method Plan/Prepare Establish if crowdfunding is right for your project. Show ready you are to crowdfund. Analyse which form of crowdfunding is best for you. Build a plan that will help you to run a successful crowdfunding campaign around.
Campaigning? Building Awareness? Initiating Debate? Attracting Other Funding? Building an Enduring Asset? Strategic or Tactical?
£ 6, 002 the crowd + £ 4, 500 Envirocentre skills pledge TOTAL RAISED £ 43, 302 Crowd raised £ 6, 002 Received £ 36, 000 + £ 10, 300 Local Council + £ 22, 500 FLAG Match Funding Annan Harbour
CULTURAL TRADITIONS
$31 M 2010 $140 M 2015 http: //www. digitaltrends. com/web/teachers-crowdfunding-school-supplies
THE CROWD IS OFFLINE AS WELL AS ONLINE
Working Together
Key Points • What constitutes a public good? • What is the stance of the public body? • Be clear about your aims and approach • Be aware of local sensibilities • Work online and offline • Upwardly manage partners
Questions? Tim Wright @twintangibles
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