What is crowdfunding?

Crowdfunding is a way for you to fundraise online for a project. In short, you’ll create a crowdfunding page online and promote it to as many people as you can. Nutribute will collect and transfer the funds to you. You’ll then implement your project and follow up with your supporters to show them what you’ve spent the money on.

Are you eligible?

To be eligible to run a crowdfunding campaign on Nutribute, you'll need to satisfy three criteria:

  1. You must be fundraising for the benefit of the Baltic Sea
  2. You must be fundraising for a project with a defined outcome that can be measured as a reduction in nutrient discharges or removal of nutrients from the Sea
  3. A reasonable person must be able to understand where the money is going

We have no specific requirements as regards your legal structure: you can be a registered charity, a private for-profit company, an individual just starting up or anything in between. All project proposals will, however, be evaluated in terms of their impact on the Baltic Sea, and those with measurable effects can be published on Nutribute.

Due to regulatory issues, projects cannot offer their supporters anything in return of their support.

How much can you raise?

How much you raise depends on how much effort you put into preparing for your campaign and promoting it to your supporters. Globally, large campaigns have raised hundreds of thousands of euros but mostly successful campaigns are smaller than EUR 10,000.

How much are the fees?

Nutribute doesn’t charge any fees to people running campaigns. Here's how it works:

When a donor gives you 100 EUR, that 100 EUR goes straight through to you, and the donor will pay the payment processing fees, which for a 100 EUR donation are about 3 EUR. This amount goes to the payment processing company in exchange of their services.

What is the application process like?

Creation of a crowdfunding campaign is a 4- or 5-step process involving

  1. Submitting basic information on your project (project name, idea and location)
  2. Defining a fundraising goal (how much you plan to raise and when you need it)
  3. Preparing a pitching text for your project (explaining your project to potential donors)
  4. Boosting your campaign with images, videos, links or expertise involved (voluntary)
  5. Determining the payment settings, proving your identity and submitting the proposal for a review.

Apart from point 5., all the information submitted will also be published on your campaign page.

If the review is successful, your project can be published and you can start raising funds for it.

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