The conversation last week about the Horizon2020 grants gave me a fair amount to think about.
I didn’t know how small the chances were for us to receive any of this money. The figure @Alberto quoted was around 3% that we’d get the grant, and 97% that we wouldn’t.
One of the things that i learned when studying exam techniques, was that if a question is only worth 3% of the overall marks for an exam, then you shouldn’t spend more than 3% of the total exam time on it.
So rather than dismissing it, as having no chance, or spending too much of our time on this, we should put 3% of our effort into working on this funding source, and use 97% of our time to try to look at other funding methods.
Patreon, Kickstarter, Indiegogo are all interesting options, but there’s an established business model that has been in use for centuries.
Credit Unions, financial co-operatives.
They’re well establlished in the UK legal and financial frameworks, and there will be the equivalent in other EU countries. It also means that we wouldn’t need to do any new research, we just find the people with the appropriate skills/knowledge.
It also means that we wouldn’t have to rely on the whims of any external sponsors, because we’d be funding it ourselves.