On Monday 13 November, wave 3 of Rocket Fund went live. We currently have 50 schools, from across the UK, fundraising for a range of technology products.
On Monday 13 November, wave 3 of Rocket Fund went live. We currently have 50 schools, from across the UK, fundraising for a range of technology products.
Rocket Fund (rocket.fund) is a crowdfunding platform for schools designed to enable all schools to access the latest technology and find out what works.
For this wave we tested a new form of match funding: instead of a 50:50 match, we offered a 50 per cent bridge fund (or “rocket boost” as we call it) for the first 10 schools to hit 25 per cent of their target. This means that the first 10 schools to hit 25 per cent, will an extra receive 50 per cent from Nesta, to boost them toward their target. This was to encourage schools to start sharing as soon as they go live and make the match funding process more transparent.
Within a week, six schools have already hit their target and are now overfunding (one school hit its target in a record eight hours!), so we’re glad to say the “rocket boost” works. We’ve even had a donation from the big man himself (Father Christmas!).
Again in this wave, we’ve had some excellent pitch videos. This time around, we didn’t encourage schools as strongly as last time to create pitch videos (as we wanted to minimise the amount of time it takes to create a pitch). However, if schools can it definitely helps engage donors and is a really fun thing to get students involved with. Here are a couple of crackers:
Schools are fundraising for a large variety of items in this wave, from iPads to 3D printers. Although there seems to be a strong interest in robots to teach coding and computing skills. Here’s a selection of them:
£840 from the big man himself! (Great work Lunts Heath Primary for finding his email address!)
We’ve also had some support from local businesses (from a bed warehouse to a local electrical service) and they've made large donations… well done Meir Heath Primary School for engaging them!
Stay tuned for more updates or browse all the live projects here.
Teachers: If your school would like to get involved with this wave, we're open for submissions until 27 November 2017. To get involved, just start creating a project here: www.rocket.fund.
Businesses: If you’d like to support a school on Rocket Fund, contact us here.
Any questions? Contact us here.