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CORDIS

Online tool to crowdfund NGO and Charity projects through the booming e-commerce market and beyond!

Objective

People donating money to NGOs is plunging sharply. This hinders NGOs from carrying out vital humanitarian, developmental and environmental projects. Therefore, Worldcoo has set its goal to revolutionise crowdfunding cooperation in e-commerce and e-banking to reverse this trend and thus have a big, positive social impact.

We help NGOs raise crucial funds through offering a “click” tool we developed a Widget to bring NGOs, companies, and e-customers together. Widget2.0 offers a value-added service to all stakeholders: awareness and private donations to NGOs, a modus operandi for auditable and transparent Corporate Social Reasonability (CSR) for e-retailers and e-banking and transparency and unique donor engagement for e-shoppers.

Since 2012, we have funded 34 projects that have benefitted the lives of more than over 96.000 direct beneficiaries from money raised. UNICEF also abandoned its technology to use ours, making Worldcoo their online global strategy partner.

Our market is geared to e-commerce and e-banking. In 2013, European e-commerce reached €363 billion and B2C e-commerce retailers 645,250 - rising at an annual pace of 15-20%. However, we can currently only cater for 6% of the European e-commerce because our current technology lacks features required by bigger e-retailers and e-banking transactions.

Therefore, we strategically and commercially need Widget3.0 to scale up our system by automating current manual processes and increasing the Widget conversion rate by developing Recommender and Motivator modules using Artificial Intelligence techniques. Only then can we access 100% of the e-retailing market, e-banking and beyond: billing, payment systems, and vending solutions.

We address the INSO-10-2015 topic needs as social innovation unique to the market. In June 2015 we won Best Social Initiative in a Digital Environment in e-commerce.

Let’s tackle societal problems through a new paradigm of transparent CSR, donation giving and engagement.

Fields of science (EuroSciVoc)

CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

SME-2 - SME instrument phase 2

See all projects funded under this funding scheme

Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-SMEInst-2014-2015

See all projects funded under this call

Coordinator

WORLDCOO SL
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 899 503,50
Address
RIERA DE SANT MIQUEL 26-28
08006 BARCELONA
Spain

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Este Cataluña Barcelona
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 1 285 005,00
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