A crowdfunding platform where ventures are rewarded for using local suppliers
Councils find it difficult to support the local economy, because they can't easily prioritise local suppliers or can only invest in individual social ventures. What about if they were able to invest in local supply chains & incentivise local groups to invest in each other as well? For more, see http://bit.ly/197E2Mr. Chain Reaction would be a crowdfunding platform where ventures are rewarded for using local suppliers. Like with crowdfunding platforms, people could put forward early stage ventures & get people to crowdfund them. The difference would be that, where the ventures identify what they need the money for, they get extra points for specifying local suppliers. Crowdfunding platforms focus on enabling ventures to connect with people to donate to their cause. This platform does that but also connects ventures with local suppliers for the resources they need to make their project happen. It incentivises early stage ventures to use local suppliers to help them sustain their service.