Volksbank Kassel Göttingen is supporting the crowdfunding platform “Ideenbeweger”, launched by the PFH Private Hochschule Göttingen, as a sponsor for a further three years. This platform provides company founders and initiators of “innovative, creative and social projects” in the region of southern Lower Saxony with a tool for financing and marketing their ideas, the PFH press office announced.
Since its inception two years ago, 45 projects have been supported with 275,000 euros in “swarm aid” from more than 40,00 sponsors, the release said. Prof. Bernhard H. Vollmar, executive director of the Center for Entrepreneurship at the PFH, welcomed the continuation of the cooperation and described Volksbank Kassel Göttingen as an “ideal partner for our innovative funding approach,” the release added.
Read more about the development of the crowdfunding platform “Ideenbeweger” and find the most important business headlines with our companion app Born2Invest.
Cooperation enables co-financing of projects
The cooperation enables the PFH to further develop the platform “by offering direct co-financing to projects,” Vollmar said. And: “For every euro raised from the swarm, the sponsor adds 25 cents. It’s a perfect combination for any project creator.” The university’s own ZE Center for Entrepreneurship realized the crowdfunding platform in 2018 together with Volksbank Kassel Göttingen as well as N-Bank in cooperation with the Südniedersachsen-Innovations-Campus (SNIC), informs the press office.
“We launched the ‘Ideas Mover’ with the aim of advancing ideas and projects in the region and creating a culture of experimentation. The past two years have impressively proven that project starters of all kinds appreciate this opportunity,” Vollmar is quoted as saying in the release. “For the coming years, we want to provide co-funding in three categories throughout the year.” Under the designation “Idea movers to the power of three*,” sustainable projects in particular will also be considered, Vollmar said.
Osse: Crowdfunding fits the business model
Volksbank Kassel Göttingen will fund the school and founder categories with $12.300 (€10.000) annually until the end of 2023, according to the PFH press office. “In terms of content, crowdfunding fits our business model quite excellently, because it reinterprets the cooperative idea in line with the digital age,” the PFH quotes Wolfgang Osse, Chairman of the Board of Volksbank Kassel Göttingen. He adds that the bank has strong regional roots and is aware of its responsibility and the associated funding mandate. Osse: “We live from and with the region.”
In addition to the main topics of founding and art and culture, for which competitions have been held in recent years, student projects will now also be supported “financially and in terms of content,” the statement continues. “In our annual workshop format Ideencampus Südniedersachsen for student projects, we already intensively raise awareness of crowdfunding as a support tool. Now projects can raise resources even faster,” Vollmar is quoted as saying.
Project initiators can solicit supporters online
On the ideenbeweger.org website, project initiators could solicit supporters and draw attention to themselves and their ideas. “From January 1st, 2021, it goes off with the additional financial incentive,” announced the PFH press office. The SNIC crowdfunding consultancy based at the PFH offers specialist support for every crowdfunding project based on many years of experience, it said. The contact person for the free service is Lucas Campen.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in GOETTINGER TAGEBLATT, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
How to optimize your website for local search
It’s so crucial to focus your marketing efforts on getting local website traffic if you run a store-front business or...
European companies ahead of US in ESG ratings
Even before Directive No. 2014/95/EU on non-financial reporting went into effect in Europe, between 2011 and 2017, nearly two-thirds of...
An impressive number of fundraising campaigns to halt the pandemic were launched in Italy
Over $30.4 million (€25 million) for the Covid-19 emergency. This is how much has been raised through the main crowdfunding...
The digital transformation of the health sector must be based on innovation
Regarding the financing of these initiatives, Jorge Morillo, director of Institutional Relations and Digital Administration of SAP Spain, spoke about...
Agriculture: the Spanish sector fears its Moroccan rival
Spanish producers accuse the new food chain protection project of benefiting Morocco's agricultural export sector. According to their prognosis, Moroccan...