These ideas are explained in her book (The Economics of Abundance: A Political Economy of Freedom, Equity, and Sustainability, Gower in 2010). 1000 Brussels (Belgium). For Tier 1 projects we will fund up to 100% of project costs, to a maximum value of £5,000, provided you can demonstrate local support. Header image of people visiting the site of a proposed linear park, the "Peckham Coal Line" in London, that successfully raised funds through the Spacehive crowdfunding site provided by Louise Armstrong, Born in Germany and having grown up in Thailand, Korea, and Greece, Wolfgang Wiltrude Hoeschele pursued his higher education in the US, culminating in a doctorate in geography. Through crowdfunding, it’s possible to access a large number of people to raise money for important causes. This overhead charge makes this site possible. Born in Germany and having grown up in Thailand, Korea, and Greece, Wolfgang Wiltrude Hoeschele pursued his higher education in the US, culminating in a doctorate in geography at Pennsylvania State University. By running a campaign on Spacehive you can demonstate the local … It has the potential … For example, in the United Kingdom, Spacehive … How can we tap into this power of crowdfunding to raise money for civic projects? The delivery manager for the project must agree to Spacehive's terms and conditions which ensure the money raised will solely be spent on delivering the project as described. Ernst & Young is teaming with crowdfunding platform Spacehive and all of London’s 33 local authorities to support local projects. Benefits accrue not only to the people directly involved, but potentially to everyone in the neighborhood of funded projects. Previous Spacehive funding … Here's how one organization is working on the problem: Spacehive is a London-based crowdfunding platform for civic projects that bring various places in the U.K. to life. We make it easy for lots of people, companies and councils to fund things that make places better - like new playgrounds or spruced up parks. The idea is to create a linear park that is a pleasant route to walk or cycle in Peckham (a London district). The original investment funds to develop the site came from social investment funds, primarily Big Society Capital and Si2 Fund. Make London is partnering with Spacehive, a civic crowdfunding website, which makes it easy to share your project idea online and then begin a crowdfunding campaign to collect donations of cash and … Civic crowdfunding is a concept that simply acknowledges that reality and seeks to provide an easy way for everyone to come together to create better places. Civic crowdfunding Breaking ground. Thanks for subscribing! Donations are philanthropic and the projects have to be ‘civic’ – meaning anyone can use them. Online start-ups are rallying citizens to revamp their neighbourhoods. Wolfgang Wiltrude Hoeschele now lives in Mannheim and Heidelberg, Germany, focusing his efforts on a systemic analysis of the faults in the economic system that prevent us from living sustainably and abundantly, and on promoting ways to fix those systems faults. Like other crowdfunding sites, Spacehive facilitates the process of fundraising, complementing conventional methods (loans from banks or individuals, investment funds, grants from local government and foundations) that may be inaccessible or excessively onerous. Numerous cities have partnered with Spacehive (see an example of this from London in "Mayor-supported Civic Crowdfunding Program"). Spacehive, the world’s first civic crowdfunding platform, aims to democratize the way we shape towns and cities by allowing anyone to create and fund civic projects online. This case study is adapted from our latest book, "Sharing Cities: Activating the Urban Commons." Some general platforms like Kickstarter and IndieGogo allow civic crowdfunding in their project mix. If you create a page for your project idea it will be matched to funds … Civic crowdfunding is the practice of raising monetary contributions for public interest projects from a large pool of donors through crowdfunding platforms. Spacehive is for raising money for projects that help your local area. For example, one successful project, the Peckham Coal Line, is now in the stage of doing a feasibility study. We promise not to spam you. Spacehive is an easy-to use online platform that facilitates grassroots regeneration by aggregating diverse sources of funding for projects that improve local areas. Projects that change the place in some long-term way have to go through ordinary public approval processes to ensure that they are of public benefit. He then taught geography at Truman State University in Missouri from 1998 until 2014. All of the traditional things you’d do to raise money have been successful on Spacehive … Instead, she promotes an economics of abundance, that seeks to ensure that all people, regardless of their backgrounds, now and in the future, are enabled to live well. It aims to democratise the way we shape our towns and cities by allowing anyone to create and fund civic projects online. The projects are oriented to the needs of the people who initiate them, the people they hope to serve, and the people who fund them. The average project raised £21,895 ($27,898), 52 percent of projects reach their funding goal, and 99% were successfully delivered. Here's how one organization is working on the problem: Spacehive is a London-based crowdfunding platform for civic projects that bring various places in the U.K. to life. Create a project page on Spacehive to be automatically matched to relevant funds. Spacehive just launched to the public after a stint in beta. Ask them to pledge towards your crowdfunding … Groups then had to crowdfund … Without smart citizen involvement, our wellbeing within communities risks erosion. Get a copy today. Crowdfunding is built on internet platforms, but when it’s civic projects, you can’t overlook the importance of getting funding from your local area. In order to minimize risk to funders, Spacehive works with Locality to provide a verification service which checks if the project idea is viable and can be delivered once the funding target has been met. Please note that any information you enter on the Spacehive website will be held and owned by Spacehive … Local government is having to transform how it delivers, doing more with less. Established in 2012, it supports projects aimed at improving local civic and community spaces. Town teams, business improvement districts and tenants’ and residents’ associations pitched ideas on Spacehive’s website - a London based civic crowdfunding platform. Here's the problem: There are many urban spaces that have the potential to become lively community hubs but sit empty due to little or no funding. In fact, virtually all the ideas promoted on shareable.net would form part of an economy of abundance. Some rights reserved under a modified CC license. Sign up for Shareable’s weekly news about the latest people-powered solutions from around the world. However, platforms focused only on civic campaigns exist too, and include Spacehive, Neighbor.ly, … Spacehive is the first funding platform for civic projects. Spacehive is a United Kingdom -based crowdfunding platform for projects aimed at improving local civic and community spaces. If you have any questions about Crowdfund Swansea, please contact info@spacehive.com . His research at first focused on land degradation in the state of Kerala in southern India, but subsequently turned to a critique of an economics that finds value only in scarce commodities, because only those are profitable. FUNDS Spacehive partners with councils, companies and foundations to help bring project ideas to life. The risk if a project fails is that funders get no benefit in return for the money they donated, and that project initiators fail to accomplish their goals. Spacehive is a crowdfunding website for public space projects. The Spacehive platform itself receives 5 percent of the donated money in order to fund its own operations. … As of June 2017, Spacehive had raised £6.7 million ($8.5 million) for 306 projects since its inception in 2012. Spacehive has the ambition to be part of the solution to these challenges. She has made a transition to manifesting a non-binary gender identity, one expression of which is his adoption of a woman's middle name. Discover the latest news, tips, interesting reads and events of SI2 fund and the impact sector. Spacehive is the world's first funding platform for civic projects. Like other … As the first platform of this kind in the UK, … Spacehive is not available for soliciting loans or investments, meaning that funders do not expect a financial return. We offer exclusive access to millions of pounds in funding from our partner councils, companies and foundations. Spacehive is a funding platform for ideas that bring local places to life: everything from sprucing up the park, or improving a playground, to starting a street market. Spacehive is the first funding platform for civic projects. The success of these platforms has been mixed. Dhanak, who quit The Romans in 2019, is now leading the crowdfunding platform for civic regeneration projects. You can unsubscribe at any time. They connect projects to the people, councils, and companies that are willing to fund them. The people who helped fund the project expect to benefit by being able to use the park themselves. The platform, established in 2012, supports projects aimed at improving local civic and community spaces. Previous Spacehive funding successes range from playgrounds and parks to free public wi-fi networks. *Required field. Maja Pawinska Sims 18 Nov 2020 // 3:50PM GMT LONDON — Misha Dhanak, the co-founder of The Romans who quit the agency in 2019, has joined Spacehive… A project page on Spacehive to be part of an economy of abundance `` Mayor-supported civic crowdfunding Program ''.! Live in and relate to our communities changes constantly community spaces through crowdfunding, it ’ s 33 authorities... Of London ’ s possible to access a large pool of donors through platforms! In their project mix of June 2017, Spacehive … Some general platforms like Kickstarter and IndieGogo allow crowdfunding... 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