The first "Global Crowdfunding Academy in BiH" begins!

Oct 18, 2017

Crowdfunding is becoming increasingly important for financing innovative ideas and projects in the world, thanks to which more than $ 36 billion has been collected over the past five years. Guided by the idea of crowdfunding as an opportunity for financing innovative projects in Bosnia and Herzegovina (BiH), the United Nations Development Program (UNDP), in cooperation with Terra Hub Croatia and AltFinLab is organizing the first "Global Crowdfunding Academy in BiH". The Global Crowdfunding Academy BiH will be organised within the scope of the "Local Integrated Development" project (LID), which is primarily funded by the European Union (EU) and implemented by UNDP in BiH.

UNDP invites all innovative and creative teams to submit applications for participation in the "Global Crowdfunding Academy in BiH".

The selected 12-15 teams with the best project ideas will receive free mentorship and support from crowdfunding experts and mentors who have worked and participated in some of the most successful crowdfunding campaigns in Croatia and the region, in order to develop their projects and prepare for launching their own crowdfunding campaigns. Crowdfunding experts from the Global Crowdfunding Academy have so far educated over 60 teams from Croatia and the region, of whom 20 teams successfully completed the crowdfunding campaign and collected more than $ 500,000.

What to Expect from the Global Crowdfunding Academy?

The Global Crowdfunding Academy in BiH will cover four thematic educational modules:

  • Module 1: General aspects of crowdfunding, Business Model Canvas (first day of education);
  • Module 2: Strategies for implementing crowdfunding campaigns, building campaign groundwork, visual communication (second day of education);
  • Module 3: Communications plan, community engagement, social networking and media, campaign preparation (third day of education);
  • Module 4: Technical aspects of crowdfunding campaigns, teamwork, recommendations and tips for successful campaign implementation (fourth day of education).

After the completion of the educational modules, selected teams will have secured mentorship support to successfully prepare campaigns for implementation, as well as secured support during their implementation.

When?

The expected period of implementation of educational modules is from November to December 2017, while the implementation of selected crowdfunding campaigns will be realized in the first half of 2018. The location(s) of the educational modules will be determined later.

What kind of projects do we expect?

Project ideas should relate to the following areas:

  • Energy Efficiency and Environmental Protection,
  • Social entrepreneurship,
  • Innovations / Innovative Startups,
  • IT and hardware solutions,
  • Product design etc.

Note: Applicants are not limited to the above-mentioned areas for project ideas.

How to apply?

Innovative and creative teams can submit their applications for participation HERE and deadline has been extended until 15 November 2017 until 23:00. More information about the application can be obtained via e-mail: registry.ba@undp.org.

More information about successful examples of crowdfunding campaigns from the region is available at:

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