Educational institutions already have a crowd in their students, educators and alumni. A crowdfunding platform allows institutions to engage their crowd in multiple ways.
With a crowdfunding platform educational institutions can...
Cultivate an environment of entrepreneurship by offering a crowdfunding platform to grow student startups
Empower stakeholders (students, parents, faculty, alumni etc.) by letting them invest in student startups, individual students, campus activities and more
Use crowdsourcing to gain market knowledge and get feedback on new initiatives before launching them and thereby tapping into the wisdom of the crowd
Strengthen the brand by being open, innovative and known for fostering innovation and entrepreneurship
The crowdfunding market for educational institutions
Universities across the globe have already noticed the potential of using crowdfunding to strengthen the entrepreneurial environment, and numerous institutions worldwide have created platforms where students, parents, faculty and alumni can fund students startups, individual students, course material, campus events etc.
The potential of using crowdfunding among educational institutions, especially in Europe, is still largely unfulfilled. Likewise, the potential of combining crowdfunding and crowdsourcing in a single platform is practically unexplored. For educational institutions who want to rethink their innovation process, the way they involve students and the way they develop and fund new projects, crowdfunding and crowdsourcing are obvious next steps.
HOW IT WORKS
The Smallbrooks service in the cloud contains all the features needed for crowdfunding. We can therefore create new crowdfunding platforms that are tailor-made for each customer while reusing functionality from a common toolbox and without having to reinvent the wheel each time. This makes it fast, easy and affordable for everyone to get their own crowdfunding platform. It's as simple as that!
Want to know more about how it all works?