Crowdfund an awesome marine park

By 

The island nation of Palau may be small — 177 square miles, to be exact — but it is not afraid of making big unprecedented moves when it comes to its fish. In February, the Micronesian country banned all commercial fishing in its waters, a major first for marine sanctuaries. The resulting protected area is about the size of France, and encompasses some of the more pristine oceans in the world.

The only problem: How to fund it?

You probably know that marine protected areas are great, but they cost a lot of money up front. And when Palau President Remengesau announced the reserve, the country had exactly one boat with which to patrol the 230,000 square-mile-wide swath of sea. So the Palauans did what all spunky and cash-strapped creators are doing these days — they started a crowdfunding campaign.

The Indiegogo project, dubbed “Stand with Palau,” was launched in July and wrapped up this month, having exceeded its goal of $100,000 with some 583 total donors pitching in. The money will be spent on more boats, monitoring drones and buoys, and the staff to run them.

As marine biologist David Shiffman points out at Scientific American, this is a big and weird first for ocean conservation:

palau-marine-reserve (1)

“This is the first time a nation-state has started a marine conservation crowdfunding campaign,” says Daniel Kachelriess, the outreach coordinator for Stand with Palau. “The money raised through the campaign will directly support the implementation of the [Palau] National Marine Sanctuary. It is really about fleshing out the next steps — especially in regard to data collection, monitoring and enforcement framework — and making sure the marine sanctuary is implemented in a way that is on the medium term economically and environmentally sustainable,” he says.

Who knows if this is a viable funding option for other aspiring marine sanctuaries. It might be the Potato Salad of crowdfunded conservation projects — a unrepeatable miracle. Or it might be that the day is near when, in addition to funding indie documentaries and slick eco-gadgets, you can back Yellowstone’s new kickstarter initiative and get that sick grizzly poster as a bonus. If nothing else, Palau just proved that, under the right conditions, private citizens can scrape together some serious cash for the cause.

Source : http://grist.org/news/this-is-what-happens-when-you-crowdfund-an-awesome-marine-park/

Tags: , , , , , , ,

HEADLINE NEWS

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news [...]

ForbesHow This Millennial Built A 7-Figure Business Using Equity CrowdfundingForbesWhen he asked them to help fund his company's crowdfunding campaign, they delivered—exceeding his initial goal fourfold and ranking it one of the fastest and most successfully funded companies on R [...]

Entrepreneur3 Crowdfunding Tips Every Company Forgets From a Brand That Raised $800000 and Got AcquiredEntrepreneurCrowdfunding takes a lot of planning, whether you're gearing up for a launch, a ship date or thinking about the next source of funding you'll pursue. But it [...]

The GuardianWorboys' victims launch crowdfunding appeal against releaseThe GuardianThe women are aiming to raise £10,000 to pay for a judicial review that would initially force the Parole Board to reveal its reasons for releasing the 60-year-old, who has served 10 years in jail. [...]

ForbesVeteran 'Dota 2' Caster TobiWan Launches Crypto Crowdfunding ...ForbesVeteran Dota 2 caster Toby "TobiWan" Dawson, who has casted the final at the biggest esports event ever, is set to launch a new cryptocurrency for a platform that will allow content creator [...]

Entrepreneur12 Key Strategies to a Successful Crowdfunding CampaignEntrepreneurI've Raised Close to $2 Million in Crowdfunding Campaigns -- Here Are My Secrets · Next Article. 12 Key Strategies to a Successful Crowdfunding Campaign. Image credit: Shutterstock · Aj Agrawal • Contr [...]

Boing BoingCrowdfunding for medical costs is turning health-care into a reality-TV competitionBoing BoingIt's a sad -- if gripping -- document of the wildly inefficient, friction-hot mess of medical care in the US, where one-fifth of household spending is lavished on healthcare, [...]

EntrepreneurLive at CES: Indiegogo CEO Predicts What's Next for CrowdfundingEntrepreneurAt CES, hundreds of companies of varying sizes and stages can attribute crowdfunding platforms to their funding, product design and success. One of those being Indiegogo. Founded in 2007, the [...]

LifesiteFacebook blocks crowdfunding site for new movie on how abortion ...Lifesite'Given Facebook's claims to be a neutral, open forum...I regard this as scandalous and I call on Facebook to cease and desist.'and more » [...]

CT PostBridgeport schools considering crowd-funding policy - Connecticut ...CT PostThe Harding High School football team received new helmets for the upcoming season, in Bridgeport, Conn. Aug. 3, 2017. Photo: Ned Gerard / Hearst Connecticut Media. Buy this photo. Image 2 of 4. Buy pho [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

CrowdFund Beat Media

2018 Fintech World Conference & Workshop, Announcement:Game Changer” Fintech World Media, PR & Marketing Group Proudly Presents: lnkd.in/gqdCrTr

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |