Crowdfunding for Social Entrepreneurship Partnership Ideas – Ukraine
Deadline: 07-Sep-20
The International Renaissance Foundation is announcing a call for ideas for partnership in the Crowdfunding for Social Entrepreneurship initiative.
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Through this competition, the Foundation aims to support new startups and strengthen existing social enterprises, promote social entrepreneurship and create a positive practice of attracting community funds from social enterprises.
With this initiative, the Foundation seeks to strengthen the practice of financing significant public initiatives through crowdfunding – raising funds from citizens. Through this competition, they aim to support new startups and strengthen existing social enterprises, promote social entrepreneurship and create a positive practice of attracting community funds from social enterprises.
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Funding Information
The maximum amount that the Fund will co-finance under this initiative is UAH 150,000.
The term of preparation and conducting of the campaign is not more than 6 months from the notification from the Foundation about the partnership.
Criteria for selection of applications at the first stage:
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social component of the enterprise (clearly defined social problem that the company solves; the relevance of this problem to the cross-cutting thematic priorities of the Renaissance Foundation – human rights, inclusion, gender equality, environmental sustainability, European integration of Ukraine, access to quality education, civic education, counteraction corruption, outlined target audience (beneficiaries) of the project);
realism of business idea: sustainability of the enterprise (for current initiatives) or realism of the forecast of achievement by the enterprise of a certain level of profitability in the future;
the ability of the project team and financial feasibility (realistic collection of the stated amount through crowdfunding – by analogy with similar projects or justification of the project’s ability to raise the necessary funds; reasonable and balanced budget expenditures)
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