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Crowdfunding is sponsorship by a crowd of many donors, each making an individual, small donation in return for a small reward, like a t-shirt or a project poster. It works really well for universities because there are large groups of people who want to see your projects succeed, such as alumni, or your friends and family.
Your sponsors will be individuals such as alumni, friends, and family. Occasionally, they may also be complete strangers! How many people your project reaches is up to you!
Yes! There is no ceiling to how much you can raise and it is common for projects to raise more than their minimum and sometimes more than their funding target!
We ask you for two amounts - the minimum you need, and your ultimate target. Funds only change hands if a project has reached its minimum once it hit its end date. This means you only need to carry out your project and deliver rewards if you achieve this minimum target. We recommend setting the minimum at the smallest amount you need to complete your project and successfully deliver rewards. You can still set a bigger project target as well! Most projects receive considerably more than their minimum!
When you publish your idea or event, we call it a project. For your idea to become a project, you must have a clear goal and be able to explain how you will spend the funds you raise.
We cover the costs of the platform. If your project achieves its minimum target by its completion date, then you get the value of your pledges less any payment processing fees incurred. Please make sure you take this into account when deciding how much you’ll need to raise. The University will distribute the funds to the respective project.