Dan Hird, Head of corporate finance at Triodos Bank UK, writes how crowdfunding has become an alternative source of finance for smaller businesses.
Hird shares Triodos' launch of its crowdfunding platform in 2018 to offer people the opportunity to go a step further and invest directly in companies that are promoting positive social and environmental change.
He does point out that crowdfunding platforms can be crowded marketplaces, where finding the right investment to suit various needs can be challenging.
Hird provides tips for social enterprises, charities, and sustainable businesses when they are cosnidering using crowdfunding for their initiatives. His tips include the following: 1) Keep an open mind, 2) Have a clear and robust business plan, and 3) Convey unique impact.
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Caroline Diehl is a serial social entrepreneur in the impact media space. She is Executive Chair and Founder of the UK’s only charitable and co-operatively owned national broadcast television channel Together TV, the leading broadcaster for social change runs a national TV channel in the UK and digital platform which helps people find inspiration to do good in their lives and communities.