Community-Based Crowdfunding Program Seeks Proposals From Social Enterprises
Top Proposal Will Receive Free Crowdfunding Campaign Video
The Local Crowd (TLC) Monadnock, a community-based crowdfunding program serving the entire Monadnock Region and state of New Hampshire, invites emerging and established social enterprises to submit project proposals.
For this proposal cycle, TLC Monadnock seeks projects focusing on affordable housing, farms & food or living wage jobs & equity. While all for-profits, non-profits and community initiatives are welcome to apply, projects addressing these community needs will receive extra campaign support and resources — beyond what is currently provided to all TLC Monadnock campaigns.
All crowdfunding campaign teams receive hands-on technical assistance to help them launch a successful crowdfunding campaign. Campaign teams also receive a free crowdfunding assessment to ensure that they receive the coaching and training that best fits each team’s needs.
In addition, TLC Monadnock will award one proposal a free video, produced by 710 Main Films, to support their crowdfunding campaign. Studies show that crowdfunding campaigns with videos raise four times more funds than campaigns without videos.
TLC Monadnock will select up to six social enterprises to participate in this crowdfunding cohort, based on the potential of each project to positively impact their local economy and community. Accepted proposals will launch their campaigns in winter or early spring.
This request for proposals is available online at tlcmonadnock.com/rfp. All proposals are due before 5:00 p.m. on January 17, 2020.
Crowdfunding is the process in which an entrepreneur, business, or organization asks a large number of people (usually through the Internet) to contribute a certain amount of money for a specific project. By leveraging the power of crowdfunding, TLC Monadnock’s fundraising platform offers an innovative way for community members to support the projects they care about.
For more information, visit tlcmonadnock.com or contact Jen Risley at 603-283-5401.
TLC Monadnock is one of five communities participating in a research project with the National Science Foundation and The Local Crowd designed to uncover the best ways to support social enterprises — mission-driven organizations that use business principles to make the world a better place.
Locally, this program is hosted by Monadnock Food Co-op and managed by a team of volunteer community economic development leaders and business advisors. Program partners include New Hampshire Small Business Development Center, Greater Keene Chamber of Commerce, Greater Peterborough Chamber of Commerce and Monadnock Economic Development Corporation.
The Local Crowd Monadnock is a community-based crowdfunding program helping start-up ventures, early-growth stage companies and community-focused projects find access to capital. Since TLC Monadnock launched in March 2017, eighteen crowdfunding campaigns have collectively raised over $120,000 from 900 supporters.