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/.