The Schoola Platform Connects Businesses with Schools to Fundraise
Alexander Lam — July 1, 2013 — Social Good
References: schoola & springwise
Connecting schools with local businesses, the Schoola platform helps educational institutions raise money. The platform acts as a bridge between schools who desperately need money and businesses who want to connect with the surrounding community. Partnerships created on Schoola generates funds for schools while allowing businesses to capitalize on the wallets of parents.
Using Schoola, businesses can sell their products on school property or use the school as a distribution channel for vouchers and coupons. Revenue made from sales on the platform are split between the school, the business and Schoola. The fundraising website takes a whopping 15 percent of sales. The rest of the sales are split between the school and participating businesses.
Schoola is currently working with 108 schools in New York City to fundraise.
Using Schoola, businesses can sell their products on school property or use the school as a distribution channel for vouchers and coupons. Revenue made from sales on the platform are split between the school, the business and Schoola. The fundraising website takes a whopping 15 percent of sales. The rest of the sales are split between the school and participating businesses.
Schoola is currently working with 108 schools in New York City to fundraise.
Trend Themes
1. School-business Partnerships - The trend of connecting schools and businesses creates opportunities for fundraising and community engagement.
2. Online Fundraising Platforms - The rise of platforms like Schoola allows educational institutions to raise money more efficiently and easily.
3. Revenue-sharing Models - The use of revenue-sharing models, such as the one used by Schoola, provides incentives for businesses to partner with schools for fundraising.
Industry Implications
1. Education - The education industry can leverage school-business partnerships to generate additional funds for schools and strengthen community ties.
2. E-commerce - The e-commerce industry can benefit from online fundraising platforms like Schoola by expanding their distribution channels and reaching new customers.
3. Technology - The technology industry can explore innovative revenue-sharing models, similar to Schoola's, to create mutually beneficial partnerships between businesses and other sectors.
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