International Renaissance Foundation: Crowdfunding for Media Competition – Ukraine
The International Renaissance Foundation announces a competition within the framework of the EU4USociety project in cooperation with the European Union Crowd funding for the Media.
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The Foundation seeks to strengthen the practice of financing significant public initiatives through crowd funding – raising funds from citizens. The purpose of the competition is to strengthen the ties of the media with their audiences, to form stable communities around the media.
The priority of the competition is to co-finance crowd funding campaigns and campaigns to attract regular contributions from independent media and content producers.
In 2020, the International Renaissance Foundation (IRF), with EU financial support, launched the EU4USociety project. The overall goal of the Project is to strengthen the involvement, sustainability, capacity, relevance and influence of Ukrainian civil society in addressing current domestic, regional and global challenges.
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The maximum amount that the Fund will co-finance under this initiative is UAH 200,000.
Grant funds from the Foundation can be used both for content production and media development, strengthening it as an organization (formation of development strategy, marketing research, business processes, etc.).
Step 1: Submission of a conceptual application by filling out an application form.
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Criteria for selection of applications at the first stage:
Prospects for forming a community around the media (understanding and segmenting your own audience; past experience of raising funds from the community) (crowdfunding, subscription, fundraising events) or realistic plans to continue such practices;
Existence of clear plans for media development and formation of a successful business model;
The ability of the project team, in particular, experience in the field of production of quality media content;
Financial feasibility (realistic collection of the declared amount through crowdfunding, reasonable and balanced budget expenditures)
Step 2: If your application is approved, you need to raise funds for your project on Shared Costs (our program’s affiliate platform), another crowdfunding website, or a platform to attract regular contributions from your audience (such as Patreon).
The term of preparation and holding of the campaign is not more than 6 months from the date of notification from the Foundation about the partnership.
Step 3: If the crowdfunding is successful – the Fund finances the project of the public organization in the amount equal to the amount raised through crowdfunding (but not more than the amount of co-financing confirmed by the Fund).
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The participants of the competition are public organizations, unions, associations, societies and other associations registered in accordance with Ukrainian legislation as non-profit or charitable organizations.
The same organization cannot claim support in the total amount of more than 60,000 euros during the implementation of the EU4USociety project (2020-2023).
The Foundation does not provide grants to political parties, religious communities and individuals.
Grant organizations are responsible for monitoring the implementation of the project and evaluating its results compliance with communication policy and branding of EU projects. Grant recipient organizations will submit reports on the funds provided by the Fund in accordance with the reporting forms in the format specified by the Fund. Mentoring support (if necessary) can also be organized to prepare crowdfunding campaigns.
To help the organizations selected in the first stage, the Renaissance Foundation together with partners organizes an online workshop on crowdfunding. The winning organizations of the first stage of the competition and the recipients of grants will also be invited to participate in grant meetings and other events organized by the IRF to network, train and strengthen the organizational capacity of EU4USociety project partners.
For more information, visit https://www.irf.ua/contest/konkurs-kraudfanding-dlya-media/