Crowdfunding

By Peter Baeck

Nesta’s Peter Baeck discusses how to mobilize resources in a crisis to fund a project. During a crisis identifying which local causes need support and getting funds quickly to those causes is a common challenge. While the often small amounts that can be raised through crowdfunding is no replacement for the larger long term support provided by governments, foundations and large NGO’s it can help connect people and their money to local worthy causes fast, which can help create more targeted short term support. Focusing specifically on its role in crisis management this module will cover:

• What crowdfunding is, how it can help local causes raise funds
• Matched crowdfunding and how to combine institutional support with funds raised from the crowd
• The role of crowdfunding in different forms of mutual aid platforms