IIG Christmas Party
Monday night saw the gathering of nearly 200 people involved in the Innovation in Giving Fund. We celebrated the participants who are going through to the next Phase of the Open Innovation Programme, and Minister for Civil Society Nick Hurd, trailed our new work in the field of business giving and how we will be supporting innovative new approaches to creating greater impact and sustainability within volunteer centres.
It was great to see how much energy there is for all participants across the fund to engage with each other. Charities large and small, small start-ups, businesses, social enterprises – all working toward a collective goal to increase giving in huge variety of ways. The Year of Giving blog sets out a little the plans for next year, and there will be much more to say about this in early 2013.
As 2013 comes to a close, a huge, enormous thanks to everyone who has made the Fund work. Our tireless selection panel who have often gone above and beyond the call of duty to support the fund, the Cabinet Office for making it possible of course and all the fund’s awardees, who are showing us just exactly what Innovations in Giving look like.
See you all in 2013
Posted by Lynette on December 12, 2012
Who wants to own a start-up?
The following is an extract from a blog by Edward Whiting. You can read the full blog here:
If crowdfunding was the next big thing in 2010-11 (with Nesta estimating that €1.5bn was raised for crowdfunding projects in 2011 alone), then equity crowdfunding is making a strong case to follow suit for 2012-13.
The concept is pretty simple – take the concept of getting lots of people to give a little bit of money to help make your project happen, and instead of offering them kooky rewards (like your name weaved into the side of a bus) you offer them a stake in your company. If your business idea takes off, your backers- from £10 upwards – get a share of the return. The vast majority of equity offered in this space so far has been non-voting, so if you’re a crowd-investor you’d have to sit tight and cross your fingers to hope your company does well.
Posted by Lynette on July 20, 2012