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

Información del proyecto

WIDGET 3.0

Identificador del acuerdo de subvención: 711367

DOI

10.3030/711367

Proyecto cerrado

Fecha de la firma de la CE 26 Abril 2016

Fecha de inicio 1 Febrero 2016

Fecha de finalización 28 Febrero 2018

Financiado con arreglo a

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Coste total

€ 1 285 005,00

Aportación de la UE

€ 899 503,50

Coordinado por

WORLDCOO SL
Spain

Periodic Reporting for period 2 - WIDGET 3.0 (Online tool to crowdfund NGO and Charity projects through the booming e-commerce market andbeyond!)

Período documentado: 2017-02-01 hasta 2018-02-28

Resumen del contexto y de los objetivos generales del proyecto

The Project Number 711367 (Project Acronym WIDGET 3.0) has three main objectives: a) Increase the number of donations (increasing the conversion rate and the average donation amount); b) cover the whole e-retailers segments, going through ecommerce to digital banking and also passing to physical POS and retailers, covering different types of billing systems, vending systems and payment systems; c) use process automation for increase our platform scalability and reduce operating costs.

Worldcoo vision is to become the worldwide leading tech tool in funding high social impact projects and causes. In 2016 we opened new fundraising channels and we have passed now the 100 projects funded in more than 20 countries, having raised more than 540.000€ for social projects and causes.

In that sense, the WIDGET 3.0 Project is helping us achieving our objectives, developing new channels of fundraising, growing in different markets of the EU and also helping NGOs and charities from different markets of the EU.

Trabajo realizado desde el comienzo del proyecto hasta el final del período abarcado por el informe y los principales resultados hasta la fecha

Work packages 3.2 3.3 3.4 4.1 4.2 and 4.3 had been successfully completed in this reporting period. Also work package 2.3 which was delayed during reporting period 1 is now successfully completed.

Overall results are promising, specially for payment retailers (physical POS) to integrate our donation’s API into their payments process. We have now some customers live with round up at POS and a lot more in the backlog of integratins.

Avances que van más allá del estado de la técnica e impacto potencial esperado (incluida la repercusión socioeconómica y las implicaciones sociales más amplias del proyecto hasta la fecha)

As per the potential of the POS solution, we expect for 2018 about 3,5M in donations.
As these volumes are expected to have two digits growth during next years we believe that this solution could have a significant impact on society in the near future.

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