Social Innovation is a force for social change. Social entrepreneurs develop and adopt effective solutions in addressing social needs in various ways, including product, platform, process and policy innovation.
BeanCare
A crowd-funding platform to support donation-based projects of local charities for alleviation of poverty and for social inclusion
ABOUT
Year Established: 2017
Beneficiaries: Local Charities
https://www.beancare.org | |
Crowd-funding for the Betterment of the HK Society |
SOCIAL ISSUES
- Mobile methods for donating to charities are underutilised as well as underdeveloped
- Platforms are very limited in serving charities, particularly the smaller ones, for reaching potential donors. Fundraising using existing methods is usually very costly
SOCIAL INNOVATION
- By establishing an electronic platform for donations and charities, BeanCare simplifies donations and reduces fundraising’s costs
EXCEPTED SOCIAL IMPACT
30+ projects of charity to use this platform for fundraising | |
600,000 Hong Kong Dollars to be raised through the platform | |
Cost of fundraising to be reduced, donor-base to be expanded and donors’ behaviours to be analysed | |
Donations to be modernised, simplified and speeded up, along with promoting a variety of charity projects |
BUSINESS MODEL
BeanCare gains revenue from service charges to charities and commercial companies
PROGRAMME CONTENT
Fundraising for NGOs
BeanCare is tailored for NGOs to raise fund
Little service charges
The service charges of BeanCare are as low as 1% of the donation of a fundraising campaign