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PFH Göttingen expands its crowdfunding platform “Ideenbeweger”

The PFH Private University of Applied Sciences Göttingen can further develop the crowdfunding platform “Ideenbeweger”, which it founded. The reason is the continuation of a cooperation with the Volksbank Kassel Göttingen.The bank will fund the school and founder categories with $12.300 (€10.000) annually until the end of 2023, according to the PFH press office.

Andrew Ross

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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.

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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.

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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.

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Andrew Ross is a features writer whose stories are centered on emerging economies and fast-growing companies. His articles often look at trade policies and practices, geopolitics, mining and commodities, as well as the exciting world of technology. He also covers industries that have piqued the interest of the stock market, such as cryptocurrency and cannabis. He is a certified gadget enthusiast.

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