CSU takes Charge into web-based crowdfunding of university projects

By: Steve Monday June 17, 2013 0 comments Tags: Brett Anderson, Charge, Crowdfunding, CSU, Fort Collins, Meg Weber, Venture Accelerator

Colorado State University Logo featured 4-13FORT COLLINS - Colorado State University said it has become the first university in the state to open a web-based crowdfunding platform to potential donors.

The platform is called "Charge," and is now in its 30-day beta test phase, CSU said.

"The overall goal of Charge, the CSU crowdfunding platform, has been to build a more technologically advanced way of giving while creating a more intimate experience for the supporters of CSU," said Meg Weber, executive director of annual giving and donor relations.

"It allows donors to directly support specific projects at CSU so their dollars can have an immediate impact in areas where they feel a deep connection with CSU."

For the beta test, 10 projects developed by students in the Venture Accelerator program in the CSU College of Business' Institute for Entrepreneurship have been packaged with videos and detailed project information and posted on the Charge website.

Donors can help support the projects with gifts of as little as $10, CSU said.

"Unlike similar crowdfunding programs in the private sector that only fund projects if a certain goal is met, Charge directs 100 percent of gifts to the project designated by the donor, whether the goal is reached or not," Weber said.

The initial 30-day beta test will be followed by the rollout of additional projects from the College of Engineering's interdisciplinary School of Biomedical Engineering.

The ultimate goal is to roll out the Charge crowdfunding platform in other colleges, departments and units across the campus this fall.

Charge will be administered through CSU's annual giving office.

"This crowdfunding initiative shows, once again, that Colorado State and our students are on the cutting-edge of innovation," said Brett Anderson, VP of University Advancement at CSU.

For more information, visit [email protected] or call 970-491-7737. To view projects currently available for Charge funding, visit biz.colostate.edu/charge.

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