CoTech Cobudget

An instance of CoBudget, an open-source tool developed by Enspiral, has been set up at https://fund.coops.tech/.

This is to cover mainly one-time costs, e.g.:

• The bar tab at Wortley Hall;
• A package of improvements for the CoTech website;
• Hiring a network coordinator for three months.

But could also cover running costs, e.g.:

• Hosting the CoTech website for a year.

We will use CoBudget according to the rules set out in the proposal here:

• Each co-op has one shared user on the CoBudget platform.
• Projects can be proposed by any co-op, even if they are unable to contribute funds.
• Proposals have a kickstarter model of funding, so happen if they are fully funded and do not happen otherwise.
• Proposals can be blocked by two vetoes. The number "two" was chosen because if a co-op has a good reason for their veto, they should be able to convince another co-op to join them (in vetoing the proposal).
• Proposals must state how they would benefit CoTech and should be collaborative when possible.
• Proposals must be SMART (Specific, Measurable, Actionable, Relevant, Time bound).
• There is no central account or escrow – money is paid directly to the beneficiaries.
• Proposals specify when payment should be made (e.g. before work begins, on completion of work, in stages, etc).
• In case of conflict: parties should agree on a third party mediator. If no third party can be agreed upon, then the CoTech network must propose and choose this mediator.
• We will use an open-source crowdfunding platform.

Find the site at https://fund.coops.tech/.