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The Municipality of Milan launches a call to co-finance civic crowdfunding campaigns

All non-profit organizations which have their headquarters in Milan, can now take part in the Municipality’s call for civic crowdfunding. All projects that reach a collection equal to 40% of the total cost of the project, which will have to be maximum $111,000 (€100,000), will receive a grant from the City of Milan to cover the remaining 60%, up to a maximum of $67,000 (€60,000).

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This picture show the city of Milan.

The City of Milan has launched a call for civic crowdfunding with the aim of soliciting social innovation projects that contribute to the revival of the city, starting from its districts.

The initiative was carried out with the collaboration of the crowdfunding platform Produzioni dal Basso, to host the campaigns, and with the platform Ginger Crowdfunding for assistance in their preparation. In 2016, the City of Milan had already promoted a similar initiative, which was successfully completed in February 2017.

If you want to find more about the Milan Municipality’s call for civic crowdfunding, download the Born2Invest mobile app. Our companion app is a fast and easy way to check the latest business headlines. It gives users access to recent publications and stories, media and objective analysis, thematic sections and feeds.

All non-profit organizations from Milan can propose projects

All the non-profit organizations (associations, foundations, social enterprises) with an operational headquarters in Milan can respond to the call of the City of Milan proposing projects up to $111,000 (€100,000) to expand or renew their service offer. The official presentation of the initiative will take place live streaming on Wednesday June 3rd, at 15:30.

In the call for proposals it is requested to present a crowdfunding campaign to collect part of the resources needed, by July 31st. Thanks to Ginger Crowdfunding, which will offer online training, it will be possible to get assistance to develop and promote fundraising in the best possible way.

If the project is evaluated positively, the campaign can be launched on Produzioni dal Basso and raise some of the resources needed, within a maximum period of 60 days, with the assistance of a Ginger Crowdfunding tutor.

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The Municipality of Milan will grant up to 60% of the necessary sum

All projects that reach a collection equal to 40% of the total cost of the project, will receive a grant from the City of Milan to cover the remaining 60%, up to a maximum of $67,000 (€60,000).

The projects will have to concern “peripheral areas characterized by persistent problems of social, economic, cultural and environmental hardship. The identification of the target areas, and consequently the recipients, is also inspired in the case of this project by the need to ensure an adequate response to the new needs emerging as a result of the COVID19 health emergency, ensuring in particular effectiveness and concentration of resources and those initiatives to support communities in the most disadvantaged areas.”

The Civic Crowdfunding initiative of the Municipality of Milan has been designed in line with the “Operative Plan of the PON Metro Milan 2014/2020 interventions” with the aim of making the crowdfunding tool available for the promotion of social innovation projects aimed at the peripheral areas of the city.

The total amount earmarked for the contributions provided for in the call for proposals is $614,000 (€550,000) from the PONMETRO Milan 2014-2020- action 3.3.1.c (European Social Fund), and will be granted in accordance with the following provisions de minimis state aid within the meaning of EU Regulation 1407/2013.

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Sharon Harris is a feminist and a part-time nomad. She reports about businesses primarily involved in tech, CBD, and crypto. She started her career as a product manager at a Silicon Valley startup but now enjoys a new life as a personal finance geek and writer. Her primary aim is to provide readers with a new perspective on the overlapping world of finance and technology.