What is Crowd Funding?




Crowd funding is an effort to raise money through a network of people -- usually through resources on the Internet. Many organizations, especially start-ups, turn to online tools such as Kick Starter to finance new projects and products. Crowd funding has been known to support many different activities, from helping communities recover from disasters to free software development. It widens the pool of potential donors and investors by opening up the funding process to the public. Sometimes the citizen investors are promised something in return for the support, such as a free version of product that the organization is creating. One of the appeals of crowd funding is that it is often completely transparent -- the organizations have a set amount of money they need and people can see in real-time how much left is needed, and watch the financial gap lessen as they invest.

INSTRUCTIONS: Enter your responses to the questions below. This is most easily done by moving your cursor to the end of the last item and pressing RETURN to create a new bullet point. Please include URLs whenever you can (full URLs will automatically be turned into hyperlinks; please type them out rather than using the linking tools in the toolbar).

1) How might this technology be relevant to the educational sector you know best?

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(2) What themes are missing from the above description that you think are important?

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(3) What do you see as the potential impact of this technology on European schools education?

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(4) Do you have or know of a project working in this area?

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