Creating a project
One of the main reasons Donors prefer crowdfunding to traditional fund-raising drives is that they get to see exactly where their money is going. The project is your idea, with a well-defined proposal, funding target and completion date.
What title should I give my project?
Make it simple and specific. Remember - it's a title, not a description. It needs to grab people's attention.
What should I include in my project?
When you start creating a project, you will see lots of handy tips and advice from us, but here's a top-level structure:
- What’s your story? (Introduce your school and your students)
- Why do you want to buy these things?
- What impact will they have?
When will my project go public?
Once you've created your project you can submit it to us. If it meets all of our guidelines we'll make it available to the public around 3 days later or at the start of the next wave. Please note that you can't edit your project after submitting it. However, you will be able to send updates to your donors.
Video Guide: How to create a project
How to start your project
How to write your pitch
How to create rewards
A Guide to Rocket Fund
For a useful 2 page print out, checkout the guide below.Rocket Fund Welcome Guide
Funding & Fees
Rocket Fund uses an all-or-nothing funding model. If you don't reach your minimum needed by your completion date, no money changes hands.
We suggest choosing the minimum funding target that allows you to carry out your project. For example if you want to buy 4x iPads for £300 each, then your minimum target should be the cost of 1x iPad (£300) and your actual target the cost of 4x iPads (£1200).
We don't charge teachers or donors anything to use our platform.
How Rocket Fund covers its costs
We currently cover our costs via grant funding from Nesta and over partners (see them under "Supported by" here). This means we can pass 100% of donations onto teachers.
What do I need to consider?
A shorter project can convey a sense of urgency to Donors. That's why we've found that projects up to one month in length tend to be more successful.
The larger your funding target the longer you are likely to need to raise it.
Receiving the money
Donations are only processed if you hit your minimum target by your project's fundraising deadline. If you do, you should receive the money into your school / PTA's bank account within 2 days.
Creating a Video
One of the best ways to increase your chances of achieving your target is to make a video. Videos allow Donors to gain more of an idea of who you are and what you're doing. It builds a more personal connection between you and the Donors, which is likely to encourage a donation.
What makes a good video?
A good video is personal! At its simplest, a good video can just be your students and you speaking into a camera. The basic idea is to give people an idea of who you are, what you're doing and why Donors should care about your project. Be yourself & keep it positive!
A student led example: Fem in STEM
Get your students involved, it makes a great project.
A whole school example: Ardleigh Afloat
Or get everyone involved!
An Oscar worthy example: Tech@MPS
They got some professional help with this one...
- Camera The one on your smartphone or tablet is probably fine!
- Sound Reduce background noise as much as possible!
- Light Lots! Check that the main source of light is behind the camera.
- Editing Windows Movie Maker (PC) and iMovie (Mac) are great.
- Students Maybe they could help you create a video?! (Remember you'll need parental permission if your video identifies individual students - Use our Image Consent Form if you need to (it’s your responsibility to ensure you comply with the requirements of your school and any applicable law or regulation).
Vimeo has great advice!
What types of video can I use?
How large can my video's file size be?
Vimeo's basic account has a limit of 500MB per file and 5GB for premium accounts. YouTube has a limit of 2GB.
Can I use music on my video?
Yes, but only if you have permission to do so from its owner! Alternatively you can use any music from http://freemusicarchive.org/ with artist permission.
We've found that saying thank you engages Donors and encourages more donations.
We highly recommend offering 3 forms of thank you as rewards to your Donors:
1. A thank you note from yourself
2. A thank you note from your students
3. Some form of personal recognition / thank you to the Donor (e.g. a mention in the school newsletter)
To save you time, we strongly recommend you keep your rewards digital and easy to deliver!Download Pitch Creation Guide
How can I promote my project?
Start by sending a personal, email to family and friends with a link to your project.
Once they have pledged your project begins to look more attractive to others. This is a good time to get posting about your project on Facebook, Twitter, other social networking sites, and your blog. School newsletters are also a great place to raise awareness.
You shouldn't overwhelm your networks with group messages, but gentle reminders throughout the course of your project will be beneficial. Remind them of your deadline. However, nothing beats a personal touch when asking for donations!
Your school's network
Your school has a large community of students, parents, alumni, suppliers and supporters. How could you tap into those networks? Talk to your Headteacher and create a plan.
The fundraising experts of the school! Ask them to help you spread the word.
Look on Facebook or LinkedIn for former students and staff of your school. Often alumni will lie dormant on these pages until reactivated by something like a request for donations. School forums on Facebook / Linkedin are also a good place to post up your projects and get a discussion going. The more people you have talking about your project, the better.
If you're lucky enough to have an Alumni Office (or person responsible for keeping the contact information on alumni), then get in touch with them ASAP. If you make it clear to your Alumni Office that you will use the contacts responsibly, they may be kind enough to reach out to some alumni who would be interested in your project!
Use student, school or local newspapers and radio stations to get the word out. Media attention will help you reach out to people outside your immediate networks.
The real world
Get out there! Posters, flyers, meetings, parties... not everyone lives in cyber-world!
Check out our Fundraising Guide below for more handy tips.Download Fundraising Guide
Updates are a way of interacting with Donors. They breathe life into both your project and are essential to the process.
Regular updates show anyone viewing your project that you are committed to it and that there is someone with a personality behind it. Your Donors will be notified of each of your updates by email. If they like what they see they are more likely to tell their friends about you.
What kind of updates should I provide?
Is your project going well? Short messages let Donors know that your project is progressing well and their contribution is being used productively!
Small milestones show that the project is making progress and will encourage new Donors that you deserve their support!
Share reviews, press releases, photos and videos! Donors love to see how their support contributed to the success of your project.Rocket Fund Welcome Guide