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The Barts Health and QMUL Crowdfunding Process


What is Barts Health and QMUL Crowdfunding Platform?

Barts Health and Queen Mary University of London (QMUL) have set up a crowdfunding platform that enables staff to raise funds for specific projects they wish to carry out in support of their research, service development, specialist equipment or other projects with social impact. Crowdfunding provides a vehicle for presenting ideas in a public forum which is geared towards generating donations that will provide funds to test and develop novel ideas creating a pathway to implementing new ways of delivering our services.

Can I raise more than my funding target?

Yes! There is no ceiling to how much you can raise and it is common for projects to raise more than their minimum and sometimes more than their funding target!

What's all-or-nothing funding?

We ask you for two amounts - the minimum you need, and your ultimate target. Funds only change hands if a project has reached its minimum once it hit its end date. This means you only need to carry out your project and deliver rewards if you achieve this minimum target. We recommend setting the minimum at the smallest amount you need to complete your project and successfully deliver rewards. You can still set a bigger project target as well! Most projects receive considerably more than their minimum!

What is a project?

When you publish your idea or event, we call it a project. For your idea to become a project, you must have a clear goal and be able to explain how you will spend the funds you raise.

Are there any fees?

We cover the costs of the platform so you only pay payment processing fees with PayPal.

Resources

The Crowdfunding Handbook
Rewards Guide
Promotion Guide

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