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CROWDFUNDINGfor Social Enterprises in UK
Universities
by Andrej Naricyn,
September 2013
PRESENTATION STRUCTURE
-Research Question and Objectives
-Methodology
-Key Findings and Conclusions
-Questions
RESEARCH QUESTION &
OBJECTIVES
“Can crowdfunding technology provide a
commercially viable solution for social
value generation in the context of UK
universities?”
0 10 20 30 40 50 60 70
Lack of Funds:
Government Policies and
Regulations
Lack of Volunteers and Retention
Issues
Lack of Leadership
Lack of Recognition
Number of Respondents
Top 5 Main Constraints in Social Enterprise Development.
Adapted from Hopkins (2010, p.28).
-Need for additional funding?
-Application of crowdfunding
technology?
-Donor interest?
-Best model?
-Best monetisation pattern?
-Commercial viability?
RESEARCH OBJECTIVES
METHODOLOGY
-Qualitative approach employing semi-
structured interviews.
-Interviewing both donors and
prospective fundraisers.
16 RESPONDENTS
6 resp. 6 resp. 4 resp.
(3 UW, 2 UC, 1UB) (3 UW, 2 UC, 1UB) (2 UW, 1 UC, 1UB)
(Social Enterprises) (Exp. Donors) (Exp. Fundraisers)
Social
Enterprises
Potential
Donors
Experienced
Fundraisers
Describing
challenges.
Main motives for
donating
Previous
Fundraising
Platforms
Impact of
Funding
Willingness to
use a CFP
Relevance of
offline
fundraising
Current
Fundraising
Perception on
Rewards
Integration of an
Online Store
Relevancy of CFP Brokerage Fees
Additional
KEY FINDING AND CONCLUSIONS
1. NEED FOR ADDITIONAL FUNDING
-Findings have been (overall)
consistent with the literature review.
-4 out of 6 respondents have
indicated some level of need for
additional funding.
-2 out of 6 respondents have been
appeased by current levels of funding.
2. APPLICATION OF
CROWDFUNDING
-4 out of 6 respondents have
indicated willingness to use
crowdfunding for their fundraising
needs.
-Highest levels of willingness
displayed by 2 out of 6 respondents,
who have considered fundraising as a
source of funding in the past.
3. DONOR WILLINGNESS
-Majority of donors willing to use a
specialised crowdfunding platform.
-Social media platforms play a
significant role in fund solicitation,
which is consistent with the literature
4. BEST MODEL
-Overall consistent with the literature,
the study has identified an optional
reward-based model (a form of a
hybrid model) as the most suitable
platform design.
-The study has identified a number of
elements not reflected in the literature
review.
5. BEST COMMERCIALISATION
PATTERN
-The study has identified a
combination of brokerage fee and
online shop commercialisation
patterns as an optimal choice.
-Offline fundraising has been selected
as a model differentiator.
6. COMMERCIAL VIABILITY
-Inconclusive
Thank you.
Questions?

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Crowdfunding in UK