How Does It Work?
For Start-Ups:
Why should you consider crowdfunding with us?
1. Are you a start-up business or social venture?
2. Is your project or idea related to Sustainable Development (linked to any of the UN's Sustainable Development Goals)?
3. Is your project or idea in need of pre-seed or seed funding?
4. Is your project or idea currently at a low Technology Readiness Level (TRL) and you need help to make it over the line?
If the answer to all these is yes - do you want to receive regular income, absolutely free, without any commitment, and without giving up any equity or control?
Yes, it really is that simple and there is no catch. All we ask in return is the following:
1. All money received must be spent on the further development of the project, i.e. a capital investment into the project rather than increasing profits or shareholder dividends. When placing your bid for funding you will be expected to propose what intend to do with any monies recieved – this is for two reasons:
a. It allows donators to understand what they are donating to, and therefore which company most aligns with their values.
b. It allows Philanthropic to ensure that donations are being spend in line with company policy.
Our business model relies on philanthropic donations, our donators are doing so because they believe they are making positive change – and in order to ensure that goodwill continues we need to ensure the money is not spent on profits or extraction from the business.
2. Should your company be sold, wound-up or further investment is obtained, you must inform Philanthropic Ltd immediately. As above, our intent is to fund businesses that need help with investment while struggling with a new idea – not to subsidise investors!
3. You must provide an auditable trail of where Philanthropic donations have been spent, if requested by Philanthropic Ltd. This ensures that we are getting value for money for our donators and their money is being spent appropriately.
4. Philanthropic Ltd will take a 25% commission of any donations earned, before releasing funding in monthly installments (donations received that month, minus commission, in arrears). This is our only fee – there is no start up cost. So this really is ‘No Win, No Fee’. See our FAQs for further details on our fees and where they go.