How To Create Clarity on Your Revenue Model
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See the “Local Nodes Alpha Cohort June 22” section for more inspiration from the different local nodes. A Summary of the sticky notes is also below.
Purpose
The purpose of this workshop is to create clarity on what the revenue and income model is for your local node. As an outcome of this workshop, you will have created clarity on:
- Which local node activities need to be funded?
- What is your funding hypothesis?
- What types of funding are potentially available?
- Which specific funding sources could you pursue?
Note: it is beyond the scope of this exercise is to determine resource and team requirements in order to fulfill your funding hypothesis, as well as to assign specific tasks to specific people and create accountability. Separate guides for these topics will need to be created!
Procedure
Summary of Responses for Inspiration
See below for a summary of all the responses from the node leaders who participated in our live exercise
(click the triangle on the left to see the content inside)
Activities to be funded:
- Monthly events
- Hackathons
- Labour and travel costs
- ReFi Tulum initiatives (Regeneration Roadtrip, clean water dispensers, tree planting)
- ReFi Costa Rica initiatives (research and development of regenerative technologies, water sanitation, plastic collection measurement system, regenerative beach experience)
- ReFi Cape Town initiatives
- Field trips or tours to visit projects/retreats
- Office space or co-working space for projects
- Community events
- Art exhibits
- Business certification
- Fellowships
- Seed capital for pilot experiences or testing
- Maker Lab and recording lab
- Media lab
- Citizen lab
- Regional maker lab and media lab (Monteverde, Orosi, Golfito)
- Wilderness and biomimicry immersions
- Plastic credits
- Sponsorships
- Educational books, coloring, and storytelling
- Electric vehicle rental
- Sale of animal plastic collectors
- Refi Node incubator for local entrepreneurs
- Fund Sourcing as a Service
- Lobbying and regulatory initiatives
- Indigenous initiatives and leadership programs
- Co-working space and builder lab
- Education and reframing initiatives
Funding Hypothesis:
- Blockchain grant funding as a lucrative source of funding for monthly events in the early stage
- CSR funding as the best medium source of funding for the Cape Town Local Node to support youth-led environmental transitions
- Member revenue (including time bank and Refi Toronto local currency) as a medium-term source of funding
- Corporate CSR capital as the best source of funding for small land-based regeneration projects with publicly verifiable impact
- EU grant capital as the best long-term source of funding for large land-based regeneration projects with publicly verifiable impact
Specific Types of Funding:
- Grants
- Revenue (from events, experiences, merchandise, tree planting)
- Equity (through partnerships, affiliates, token swaps, memberships)
- Debt (bank loans, private loans)
- Sponsorships
- Crowdfunding
- NFT sales
- Director’s loans
- In-kind support (donation of spaces, classrooms, auditoriums)
Specific Funding Sources:
- Blockchains
- Government grants
- Foundations (Proteus Power, Bill & Melinda Gates Foundation, Emerson Foundation)
- Corporations (RBC, CIBC, Google, Shopify)
- Investors (VCs, impact funds, angel investors)
- Blockchain grant platforms (Gitcoin, Giveth, Pomelo)
- Tourism board
- EU grants
- Hedera, Polygon, Celo, ICP, EOS Foundation, Ethereum Foundation