Alert! You need a fully verified PayPal account to raise funds via crowdfunding | find out more here
Cleantechfundr lets you accept donations via credit card and PayPal.
Who is what?
Member (anyone registered with CleantechFundr)
Campaign (a project posted on the site to attract financial support)
Supporter/Backer (a person/company/entity that donates/pledges financially to the Campaign/project)
Campaign Starter (the Starter or starter of a Campaign)
What is CleantechFundr ?
CleantechFundr is an online service acting as a venue to enable subscribing Members to form a Campaign within a fixed format and other Members to donate funds to these Campaigns.
CleantechFundr allows individuals to form Campaigns for the purpose of attracting donations to that Campaign.
Is there a review process?
CleantechFunder will review all Campaigns but it is not ultimately responsible in any way as to how the funds are spent or how the donations are managed or delivered.
How much can I set as a goal?
At the moment we have set $200,000 as the maximum goal for a Campaign.
How much shall I ask for in donations?
Donations can range from $5 to $100 (AUD)
What sort of rewards should I offer?
Please see here for a list of suggestions.
How long can I run a Campaign?
We have set the maximum to 90 days.
What happens if my Campaign fails to reach the goal amount?
CleantechFundr is an “all or nothing” crowdfunding platform – which is the industry best practice standard and the way our payment processing partners PayPal prefer to operate. If the Campaign runs short and reaches the time deadline the funds won’t be collected and the Rewards won’t be issued.
Can I start another Campaign?
Yes but there is a maximum of 5 per year.
Does CleantechFundr take a fee?
Yes a 7% management and review fee – but only on successful Campaigns. There is no fee for Campaigns that don’t reach their goal. Note we promote your campaign with press releases and through key media like RenewEconomy.
Who checks the merit of the Campaign?
CleantechFundr and its associates in the industry check every Campaign, the company and people behind it and the outcomes and merit of each one. CleantechFundr has the final say in which Campaigns run on the platform because we want genuine, quality Campaigns that will make a difference.
How does it work?
CleantechFundr is a crowdfunding platform for raising money and building a community for your cleantech projects.
You can log on and set up a Campaign with a specific goal and timeframe
Supporters back the project with funding in return for rewards
Once the funding goal has been reached within the time frame the funds are collected and distributed to the Campaign Starter.
The Campaign Starter is required to update the community as the Campaign progress.
What does a Campaign need to have to be eligible?
must have a clearly defined outcomes, timeframe and aims
must not be for charitable purposes for raising funds for appeals
Starter or Supporter must be over 18 years of age to create a project on CleantechFundr
cannot involve alcohol as a reward or involve raffles or competitions as part of the Campaigns
Starter must respect email and spam laws when promoting the Campaign
CleantechFundr will seek ID before your Campaign goes live. A valid PayPal account/email address will be required and will be tested.
Each CleantechFundr Campaign will have a specific mission, target funds and time frame and will detail how the donations will be used.
Who is responsible for rewards?
Each CleantechFundr Campaign Starter is responsible wholly for fulfilling the obligations both implied and stated in each CleantechFundr Campaign listing. CleantechFundr does not oversee the performance punctuality of each Campaign.
Can CleantechFundr cancel a Campaign?
CleantechFundr does not oversee the performance of any Campaign. CleantechFundr does however reserve the right to cancel a CleantechFundr listing at any time for any reason. CleantechFundr reserves the right to remove any CleantechFundr Campaign listing from public listing for any reason.
The Campaign Starter:
needs to clearly set out what the project is about, why it should be backed, how the funds will be used and what impact the project will have on the company, public, industry, sector etc.
is responsible for fulfilling all the commitments they make to Supporters
needs to update the CleantechFundr community if anything changes on the project or company
update Supporters beyond the close date using the CleantechFunder site