A Feeder Capital social investment pool with contributions from
public institutions, businesses, other private institutions, and individuals. "Return on mission, not on investment!"

CLOUDFUNDING CAPITAL

* Source for the image: Sustainable method of irrigation, by Rollies, licensed under Attribution-Sharealike 2.0 Generic (CC BY-SA 2.0)

 

At Goteo we have created a social investment pool with contributions from public institutions, business and other private institutions, and individuals. To achieve the multiplier effect and thus encourage co-responsible investment in projects that rely on the support of the civil society.
 
 
Our "social stock market", what we call cloudfunding is nourished by distinct types of annual commitments and through specific, time-sensitive calls for projects (via preestablished formulas or through ad hoc agreements). This makes it possible to tie together in a personalized way contributions from different kinds of entities: to concrecte projects, particular themes, geographic spaces, or also types of benefits and open licenses.

 

The investing organisms can, through this pool, give wings to some of their areas of concern and their programs, in an innovative way, as well as to their political obligations and social responsibilities. In addition, they obtain other advantages, like: participating in the generation of the formation of collective knowledge and socially innovative projects, closeness and direct dialog with emerging communities, visibility and recognition linked to projects that are related to the common good, etc.

The cloudfunding capital is administered transparently and responsibly by Fundación Fuentes Abiertas, the driving force behind Goteo, which gives participating entities certain tax advantages.

 

 

 

 

 
In Goteo, cloudfunding operates through three formulas, or standards, created ad-hoc for the interested institution or individual:
 
º The "Dropper" Figure: A public or private individual or entity donates an amount of money to the Foundation, destined to a specific project, or a certain kind of projects of their choice. The Fundación Fuentes Abiertas, managing entity of Goteo, acts as a "social agent", and assists the entity in finding projects and criteria adequate to their organization, depending on their field of interest. Thanks to this figure and their contribution, projects that are currently running a campaign, or specifically expected campaigns will obtain the funding they need on time, at the same time improving the performance of their collective funding process.
 
 
º "Cloudfunding" Calls: This is the case of specific programs, which respond to subjects of public interest (such as education, sustainability, culture, etc.), in order to promote the investment and support of the commons by public and private organizations, multiplying the contributions made by citizens to the projects. This formula includes workshops, consultancy and specific evaluation of projects by our team. Through this innovative formula, investing organizations can support the funding and development of projects aligned to their areas of interest, their political obligations and social responsibilities.
 
Since 2013, we have been successfully testing this formula with universities, regional governments and local innovation agencies, with satisfactory results, as proved, for example, by the final report of the  Crowdsasuna call, promoted by the Basque node of Goteo or the wide variety of successfully funded open projects in the rest of calls developed up to today:

 

º Local or themed nodes: Another way to invest in the Foundation and to contribute to the work of Goteo is by supporting a geographic or themed node. Nodes are autonomous platforms that replicate the services of Goteo in a specific geographic area or in order to support or motivate projects with a specific subject matter.

These local platforms develop workshops in order to reach out to and train local social entrepreneurs, organizations and the private sector, focusing on open initiatives, and provide consultancy and advisory services on crowdfunding. This strategy has already involved the Basque Regional Government, which currently supports a Goteo node in the region, run by the local entity ColaBoraBora, as a tool in its opendata and open government policies. The Basque Country is a reference for the rest of Spain in the development of this kind of initiatives, and has prompted other administrations to follow this path, as is the case of the Goteo node in Andalusia. The next node to arrive is the region of Nantes (France), as a driving motor of cultural innovation.

 

Are you or do you know someone who represents an institution who would be interested in this kind of collaboration with Goteo? Contact us.