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 business or community development project.
The Local Crowd Monadnock combines the power of Internet crowdfunding with an educational and technical assistance component designed to increase participants’ capacity to use crowdfunding to both raise money and contribute to their communities.
The program has the potential to develop a stronger funding ecosystem in a community -- ultimately revitalizing local businesses, encouraging entrepreneurial activity and creating a new way for community members to support projects they care about.
The Local Crowd Monadnock officially launched its crowdfunding platform in March 2017. We invite entrepreneurs, businesses and organizations in the Monadnock region to take advantage of this innovative program by submitting a project campaign proposal.
Demonstrate economic benefit to your business/organization -- and the community you serve.
Preference will be given to projects that align with their city/town’s master plan and contribute to a more local, green and fair economy.
Project campaigns will need to be responsible for the following:
Adhere to the "keys of success” promoted by The Local Crowd platform.
Form a Campaign Team that will actively promote your campaign to their community networks.
Work closely with The Local Crowd Monadnock team to leverage training, marketing and community outreach tools.
While there are no upfront costs, TLC Monadnock charges a 5% admin fee that is applied to all contributions. A portion of this is generally returned to the campaign creator as an incentive for reaching or exceeding their goal. The remainder is used to pay costs associated with hosting, administering and promoting the platform and for providing direct assistance to campaign creators.
What a Project Campaign Will Receive
Support from The Local Crowd Monadnock team as the business/project prepares to launch its crowdfunding campaign.
Seventy percent of TLC Monadnock campaigns met or surpassed their crowdfunding goals (Kickstarter has a 31% success rate).
Marketing and outreach support.
Opportunity to receive funds raised via the crowdfunding campaign for the designated project.