1 / 16

Raising funds for digital projects and services: introduction

Raising funds for digital projects and services: introduction. Sustainable funding: project to service. Funding projects is relatively easy… ...Compared with funding services How do you know when your project is a service? When you are trying to keep it going for the long term.

lou
Download Presentation

Raising funds for digital projects and services: introduction

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Raising funds for digital projects and services: introduction

  2. Sustainable funding: project to service • Funding projects is relatively easy… • ...Compared with funding services • How do you know when your project is a service? • When you are trying to keep it going for the long term

  3. Creating sustainable projects: key issues • Think about the on-going costs and service issues before ever starting the project • Cost for tomorrow, not just for today • Think of a number and then double it … • …but remember that some of the costs are almost unknowable, such as preservation • Think of institutional implications of long-term projects/services

  4. Creating sustainable projects: questions to ask • Is this a project or deliverable that can just be signed off at the end? • Very few are … • What are the long-term issues in technological support? In human support? • Is this a resource that is useful for the long term? • What are the long-term costs likely to be?

  5. Institutional issues • Many projects do not come with overhead costs • Which means that they are a net drain on institutional resources • This is perhaps not significant for a small number of projects • But it can cause crisis if there are large numbers of projects

  6. Sustaining digitization projects • It is much harder to get on-going funding than to get funding at the start • It may be necessary to charge for access to the resource--JSTOR, ARTSTOR, EEBO • Business planning is important, but is a new area for public sector organizations • there are now business development consultants who specialize in the public sector

  7. How to sustain projects financially • Initial costings: it is important to be truly realistic, even if it makes the project look expensive • Cost EVERYTHING, even if you don’t necessarily pay for everything • staff time, overheads, rent, phone, etc etc • Everything has a cost, even if you don’t pay money for it

  8. How to sustain projects financially • Look for institutional benefits, even if there are institutional costs • enhancement of prestige • chances of further funding • possibility of establishing new services • reskilling of staff • enhanced resources for internal use

  9. Further sources of funding • A good track record is the best guarantee of further funding • So make sure that projects are well-run, and involve funders in them throughout • Even if things go wrong, funders can be understanding and the project can still be a success • Keep funders on your side!

  10. Further sources of funding • Look to designing modular projects with components which can be funded by different funders • Funders are more likely to give money to start a project than to finish one • But components of projects which are new and innovative in themselves can be funded separately

  11. An example: Forced Migration Online • Started in 1997 as the Refugee Studies Centre Digital Library project • Funded by Andrew W. Mellon Foundation • $500,000 • Now a project to create a major portal with $1,000,000 funding from Mellon • The first project created the ideas for the second, bigger project

  12. Sources of funding • Public • Government funding • Research councils/NEH/NES • European Union

  13. Sources of funding • Private • Foundations (Mellon, Ford, Gates, etc) • Individual donors (Rich People) • a difficult area needing professional fundraisers • can take a very long time • Corporate • the most difficult area to fundraise in • companies will have fixed agendas • may be compromising--tobacco funding, arms funding

  14. Some key points • Make sure you know what you want to do • And only bid for funds to do that--don’t be diverted by calls for proposals that are not in your main path • Try to create long-term relationships with funders or potential funders • Build and keep a good track record

  15. Some key points • Fundraising is very time-consuming • so be focused about it • Be creative • there may be sources out there that you don’t know about--find out and pursue them • Make sure that all staff are aware of the need to raise funds

  16. Some key points • Create a culture of fundraising • Digitization is a relatively new area, so there are few institutional imperatives to engage in it, but it does engage the imagination of many funding bodies

More Related