StartSomeGood

Tips and inspiration for changemakers from the social impact crowdfunding website, StartSomeGood


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This Week in Social Entrepreneurship: Let’s Start Good This Year!

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Don’t just bury those ideas. Start good with them this year!

Hey, everyone! On our part of the world, we celebrated Australia Day yesterday! It was filled with good fun. We hope you had a wonderful day, too.

This week, we are back with links to different events, articles, and resources we thought would help you in your social entrepreneurship schemes. Have a read through them.

 

Opportunities and Events 

#StartingGood Social Enterprise Virtual Summit

Learn how to start good this year! We at StartSomeGood are bringing you the #StartingGood Social Enterprise Virtual Summit for social entrepreneurs and aspiring changemakers. It is free to access and you will get the chance to hear from social entrepreneurs and thought leaders on their experiences and insights regarding how to get started, tools for social change, how to avoid burnout, and so much more. We are currently running a crowdfunding campaign for this project. Check it out and, together, let’s help people start good!

The MCIC Catalyst-in-Residence Program

The Michael Crouch Innovation Centre at UNSW is bringing together innovators who are helping build a connected community of startups. There is space for 16 teams in the first half of this year. Apply until 30 January here.

Third Phx Startup Week announces keynotes, events and pitch contest

On February 20-24, the third annual Phoenix Startup Week will bring entrepreneurs and startups the opportunity to gain insight from startup veterans and learn from the successes and failures of the startup community.

OrganiseUs Digital Incentive

Grab your tickets for February 27 to March 3 in Melbourne, Australia for a five-day intensive training program in digital organising skills. Learn with various digital strategists, campaigners, and organisers from across Australia, the US and UK. Get on it now!

Top 50 Events for Young Entrepreneurs

Check out this list from Under30CEO, a place where you can surround yourself with the most motivated young people on earth, for 50 events for young entrepreneurs. With all these events, there is bound to be at least one that piques your interest.

 

News, Reports, Insights

How this social entrepreneur is moving Haiti away from aid toward trade 

Read about Bridge Capital and how they provide businesses loans when they do not qualify for Haiti’s conservative banking sector.

The Problem With How We Define Social Entrepreneurship 

Social entrepreneurship is usually defined as “an entrepreneurial venture with a social mission – where all profits are funneled back into the business to further social mission”. Read this article to understand what is (or isn’t) wrong with that.

Silicon Valley Company Helps Immigrants Stay in US to Build Startups

Read this story about how a Silicon Valley company is sponsoring a tech startup idea from an immigrant in the US.

 

Inspiration 

Meet the 30 Under 30 Social Entrepreneurs Changing Europe in 2017

Go through this list and be inspired as you read about 30 entrepreneurs who are still under 30 and already making waves in Europe.

6 Lessons For Social Entrepreneurs From 2016

While 2016 is now a thing of the past, let us not forget every single thing from it. Here are 6 lessons from the past year that we can take with us.

25 Inspiring Entrepreneurs to Watch in 2017

Here are some entrepreneurs to watch out for in 2017. Check them out!

 

If you have events, news, or inspirational notes you would like to share here, send it through at hello@startsomegood.com. Tag it with “TWISE” in the subject line. 

 


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Not Just Another Crowdfunding Platform: Our Partnerships Help You Double Your Money

Week 6

TL:DR Version

If you’re an impatient social entrepreneur reading this, here’s the gist: we partner with businesses, foundations and governments to boost the funds raised by selected social benefit projects on our site, often by providing up to half your funding goal up-front. We have three of these opportunities open right now – find them under the “Funding Opportunities” heading on our homepage.

If you want to know how and why we arrived at this model, read on…

How Best to Support Change?

If you’ve been with us for any length of time you know this, but StartSomeGood was founded with a mission to help innovative community benefit projects share their stories and raise the funds they need to launch, whether run by a social enterprise, a not-for-profit or a local community group or changemaker.

Like all the other crowdfunding platforms out there, our focus was (and remains) to build great tools to help for you to rally your community. For many platforms, that’s all they do, leaving projects to sink or swim entirely on their own. But we wanted to go further than that, because it was never about throwing projects out there, it was about helping them to succeed, and this, we rapidly learned, meant also focusing on coaching entrepreneurs on how to use these tools effectively.

We put more emphasis on coaching and supporting people to set up projects which succeed, which is why we have the highest success rate in cause crowdfunding.

But still, we were dissatisfied.

There are great ideas out there that struggle to get the attention of funders – particularly those with the capacity to make bigger investments – and which fail to gain the momentum they need to reach their goals, despite the quality or importance of the idea. While crowdfunding is an amazing tool for making new things possible it’s not a meritocracy with regards to those ideas. Those with more resources, connections, marketing experience and time will naturally tend to do better.

We kept asking ourselves how we could best help the best projects, based on the quality of their ideas, and help connect them with potential funders.

The answer came to us thanks to a conversation with ING DIRECT Australia. They had a somewhat different problem they wanted to solve: they were keen on supporting more grassroots projects, but uncertain about how to differentiate between the volume of ideas they were likely to receive without staffing up a major foundation, which they didn’t want to do. They also wanted to better leverage all their resources, including their communications channels and relationships, to support these projects, not simply provide a grant.

And a new approach to funding innovation was born.

Introducing Crowdmatch

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We now call this model Crowdmatch, and we’re really excited about how well it works for both entrepreneurs, who get a huge boost at the start of their campaigns, and for our funding partners, who see their risk reduced, their funds go further and their community get more involved.

Crowdmatch sees a funding partner support a group of projects either from the start of their crowdfunding campaign, by providing up to half of the funds they are seeking, which then needs to be matched by the community, or at the end, based on meeting specific goals.

The goal of Crowdmatch is to better connect philanthropic giving with community aspirations and impact investing with market input.

The combination  gives social entrepreneurs and non-profits the best chance to raise the funds and rally the community backing they need to do good, while making institutional funding more targeted and impactful.

With ING DIRECT we are now into our third year of Dreamstarter and the sixth cohort of projects supported through the program will launch in two weeks. Through Dreamstarter ING DIRECT have invested about $200,000 in community benefit projects and together we have helped them crowdfund more than $300,000 more, with a 90% participant success rate.

We are working hard to increase the number of these opportunities available. Just in the last week we have launched two new opportunities.

New Crowdmatch Opportunities:

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The Social Enterprise Design Challenge presented by the English Family Foundation is a rare and exciting opportunity for Australian-based non-profit social enterprises to design and test a “visionary” new project.

It will fund four projects for half their fundraising goal, up to $15,000 each. Find out more about what they’re looking for and how to apply here. Applications due by May 5.

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The Young Changemakers Crowdmatch will support Australian changemakers aged 18-29 to develop and run crowdfunding campaigns, with $5,000 in match funds going to the projects with the most supporters and most funds raised at the end. Participating projects will get help from experts in both organisations and have their campaigns promoted to over 150,000 people.

Find out more and how to apply here. Applications due May 1.

Why just Australian opportunities? Because that’s what these particular partners are looking to fund and who is live right now, but we hear you, we want to create opportunities for everyone reading this and are in discussions with potential Crowdmatch partners in several countries. If you would like to see this model available to great projects in your country we would love your suggestions for potential partners as we are looking for new partners to add new opportunities all around the world! And if you are that potential partner, well….

Interested in Changing the World Together?

You can find out more about partnership opportunities with StartSomeGood here and when you’re ready get in touch with us here. We’d love to talk with you about collaboration!

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