AcadaFund.com – CrowdFund 4 Schools
AcadaFund.com is a crowdfunding platform for Nigerian schools development projects.
All campaigns on AcadaFund..com are created by students who want to fund a specific project that would benefit the school and surrounding community. Categories include but not limited to Computer, Building, Power, Entertainment, Sports and more. We educate, advise and help to ensure online and offline campaign events are coordinated in sync to ensure target goals are reached.
Each project is independently created and planned by the person/team behind it. The students, teachers, schools and parents work in sync and have complete control and responsibility over their campaigns. They spend weeks building their project pages, shooting their videos, and brainstorming what rewards to offer backers. When they're ready, creators launch their project and share it with their community.
Every project creator sets their project's funding goal and deadline. If people like the project, they can pledge money to make it happen. If the project succeeds in reaching its funding goal, all backers' credit cards are charged when time expires. If the project falls short, backers' credit cards will still be charged, as we believe planned campaigns can always be scaled down when funding target is not reached. Funding on AcadaFund.com is a flexible funding model. Which means you will receive the pledges that you have accumulated throughout the duration of the campaign even if you do not meet your fundraising goal.
Flxible funding model is a core part of AcadaFund.com as projects here are more cause related than for financial gains. All funding will be towards a school developmental project so a flexible funding model is more appropriate because it ensures that you will at least receive some funds that can be used to forward your project.
We allow school developmental projects related to Computer, Software, Internet, Building, Power, Entertainment, Sports and Cultural Events. Every campaign on AcadaFund.com must be created by a full-time student with help from anyone else. A project has a clear developmental goal,
installaling computers, solar power, new library, football field renovation, etc. A project will eventually be completed, and something will be produced by it. AcadaFund.com does not allow personal or business projects. Check out our project guidelines for details.
Only a quick review to make sure they meet our project guidelines. AcadaFund.com does not investigate a creator's ability to complete their project. Backers ultimately decide the validity and worthiness of a project by whether they decide to fund it. See the Accountability section for more.
A lot of backers are rallying around their friends', family members or school colleagues projects. Some are supporting projects they've long wished for or want to contribute to a better Education opportunity. Many are just inspired by the need and perseverance of the students. Others are inspired by a project's vision, rewards or story. Backing a project is more than just giving someone money, it's supporting their dream to achieve greatness in any little way they can.
In most cases, the majority of funding initially comes from the fans and friends of each project. If they like it, they'll spread the word to their friends, and so on. Press, blogs, Twitter, Facebook, and AcadaFund.com itself are also big sources of traffic and pledges. AcadaFund.com estimates that most foreign contributions will come from Diaspora, and Philanthropist world wide
No. All projects are dedicated towards school development, AcadaFund.com cannot be used to offer financial returns or equity, or to solicit loans. Many projects that are funded on AcadaFund.com will turn into solutions or enablers that will support and produce a better educational landscape
If a project is successfully funded or not, AcadaFund.com applies a 7% fee to the funds collected.
Pledges will be processed securely through a third-party payments processor. These payment processing fees work out to roughly 3%.
AcadaFund.com is Managed byAutotest Team, an IT Outsourcing company registered in London and Nigeria. We're a team based in London and Lagos, and our passion for eduction made us realise the sector needs so much private support. We spend our time meeting with schools, sponsors and education officials, and spreading the good news of the platform
Accountability & Refund policy
It's the project creator's responsibility to complete their project. AcadaFund.com is not involved in the development of the projects themselves. AcadaFund.com does not guarantee projects or investigate a creator's ability to complete their project. On AcadaFund.com, backers (you!) ultimately decide the validity and worthiness of a project by whether they decide to fund it. We do however provide support and guidiance relating to planned online and offline events, organising, coordinating and management.
Launching a AcadaFund.com campaign is a very public act, and creators put their reputations, colleagues and schools at risk when they do.
Backers should look for creators who share a clear plan for how their project will benefit their school and community. Creators are encouraged to share links and as much background information as possible so backers can make informed decisions about the projects they support.
If a creator has not clearly explained or identified how their project would benefit a high number of students apart from him or herself, the team and their immediate class, then we advise backers to take this into consideration. Does the creator include relevant information that shows the need and benefit of the project? Does the creator, team members and school scenes appear in the video? Have they connected via Facebook?
Don't hesitate to request information from a creator. You can always reach out before pledging via the 'Contact me' button on the project page.
Verification of a project and its creator is as simple as contacting the school and hopefully speaking to a member of staff or responsible school official. We make this platform specifically for schools to limit such challenges. Also you can look for the creator bio section on the project page or contact them by email or Facebook
If problems come up, creators are expected to post a project update (which is emailed to all backers) explaining the situation. Sharing the story, speed bumps and all, is crucial. Most backers support projects because they want to see something happen and they'd like to be a part of it. Creators who are honest and transparent will usually find backers to be understanding.
It's not uncommon for things to take longer than expected. Sometimes the execution of the project proves more difficult than the creator had anticipated. If a creator is making a good faith effort to complete their project and is transparent about it, backers should do their best to be patient and understanding while demanding continued accountability from the creator.
If the problems are severe enough that the creator can't fulfill their project, creators need to find a resolution. Steps could include offering refunds, detailing exactly how funds were used, and other actions to satisfy backers.
No. AcadaFund.com doesn't issue refunds as transactions are between backers and creators, and creators receive all funds (after fees) soon after their campaign ends. Creators have the ability to refund backers using PayPal or other methods they mutually agreed on.
We honestly wish all projects and campaigns can be completed as planned, but that can only happen in an ideal world. AcadaFund.com was created to give schools an alternative channel for raising funds required for developmental projects, instead of waiting on the government all the time. AcadaFund.com is full of passionate, ambitious, innovative, and imaginative students of all ages, whose dream is to bring to life an opportunity that will benefit a wider group and generations that will graduate through that school.
To improve accountability and fulfillment. We require creators to list an 'Estimated Delivery Date' for all rewards. This was done to make creators think hard about when they could deliver, and to set realistic rewards and targets.
We request for additional information about project and campaign, for technology project we examine any hardware and software requirements, and often seek to involve the local community and businesses. Project creators are advised to do more research on feedbacks received during the course of the campaign.
Vigorous efforts will be dedicated towards trust and safety of campaigns and projects. We look into projects reported by our community for guidelines violations and suspicious activity, and we take action when necessary. These efforts are focused on fraud and acceptable uses of AcadaFund.com, not a creator's ability to complete a project and fulfill. On AcadaFund..com, backers ultimately decide the validity and worthiness of a project by whether they decide to fund it.
Click the 'Start A Campaign' button on the start page. That will take you through the process of building your project. All projects must meet AcadaFund.com's project guidelines and all creators must meet eligibility requirements.
Before jumping in, do some research. Read through AcadaFund.com KnowledgeBase for tips on how to structure your project. Talk to your friends about your ideas to see what they think. Look at other projects on AcadaFund.com that are similar to yours. All of this work will pay off.
There are a bunch of ways to find cool projects:
The AcadaFund.com Newsletter: Once a week we send a hand-picked email of three projects worth checking out.
Your friends: Connect your Facebook account to AcadaFund.com to follow your friends and check out the projects they're backing.
Popular Picks: The Staff Picks section collects standout projects selected by the AcadaFund.com team.
Popular: The AcadaFund.com algorithms displays the projects making the most waves.
The main popular page is the best view: three of the most popular projects in all categories.
The Internet: AcadaFund.com projects will often be big news on social media and in the press. This is how many projects are discovered.
Yes! Shoot us an email with your request, AcadaFund.com logo and other assets for creators, backers, and members of the press to download.
3.4. If I have more questions, what should I do?
Have questions that weren't answered here? We have more Frequently Asked Questions available for both creators and backers. If you're a member of the press looking to reach AcadaFund.com, or you are looking for customer service just email directly.
Reporting a project
If you're not sure whether material on AcadaFund.com infringes your copyright, please do your research or talk with a lawyer before filing a complaint with us. Misrepresenting that material infringes your copyright may subject you to liability for damages, including costs and attorneys' fees incurred by project creators or other parties.
If you are satisfied and think your material is being infringed, try contacting the project creator directly using the 'Contact me' button on the project page. If that doesn't work, you can submit a complaint using Copyright@AcadaFund.com. For more information, please take a look at our Copyright and DMCA Policy.
If you believe a AcadaFund.com project is infringing on a trademark you hold, you can report a trademark violation by emailing Copyright@AcadaFund.com. We'll evaluate and respond to every report we receive.
Please review our Trademark Policy for more information about what details to include in your report