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SIM Crowd SIGNED

Social Innovation Matched Crowdfunding (SIM Crowd)

Total Cost €

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EC-Contrib. €

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Partnership

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Project "SIM Crowd" data sheet

The following table provides information about the project.

Coordinator
OSTERREICHISCHE FORSCHUNGSFORDERUNGSGESELLSCHAFT MBH 

Organization address
address: SENSENGASSE 1
city: WIEN
postcode: 1090
website: www.ffg.at

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Austria [AT]
 Total cost 287˙500 €
 EC max contribution 287˙500 € (100%)
 Programme 1. H2020-EU.2.3.2.2. (Enhancing the innovation capacity of SMEs)
 Code Call H2020-INNOSUP-2018-06-two-stage
 Funding Scheme CSA
 Starting year 2019
 Duration (year-month-day) from 2019-09-02   to  2021-09-01

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    OSTERREICHISCHE FORSCHUNGSFORDERUNGSGESELLSCHAFT MBH AT (WIEN) coordinator 287˙500.00

Map

 Project objective

The main objective of the proposed project is to conduct an experiment and test the effects of a “seal” (“funded by FFG”) and information about matched funding provided by a public funding organisation (FFG) on the funding decision of the audience on crowdfunding platforms. A randomised controlled trial (RCT) will be conducted within the existing funding scheme “Impact Innovation” of the Austrian Research Promotion Agency/FFG.

FFG first launched a pilot scheme for a new programme called “Impact Innovation” in 2017. A second call with improvements in communication and evaluation criteria was carried out until autumn 2018. About 30% of proposals in these two pilot schemes addressed problems or solutions that were classified as “social innovation”. A recurring pattern in these proposals was lack of or failure to provide sufficient funding to cover the total cost of the project (FFG funds up to 50% of total project cost). In addition to this FFG received feedback from the community of social innovators that a significant number of ideas was not even submitted because the potential applicants could not generate or demonstrate the necessary funds to completely fund the project (100%).

FFG therefore wants to test whether and how providing information on available public funding for social innovation projects will increase (or decrease) the chances to attract funding for the remaining 50% of project cost. This test will be run on a crowdfunding plattform for selected projects and – if the results are positive - increase the total amount of funding for successful social innovation projects and provide evidence for leverage effects of matched crowdfunding.

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The information about "SIM CROWD" are provided by the European Opendata Portal: CORDIS opendata.

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