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What would it be like if an HSE student got to decide which student projects are worth funding? This is what HSEcoin is all about – a new HSE crowdfunding platform for financial support of student initiatives by the university.
Each year, HSEcoins will be awarded to students and later, to HSE staff members. You can obtain and transfer them to student projects via the HSEcoin section on the HSE Family website. Creators of student projects can purchase goods and services for the equivalent amount in roubles through the Student Initiative Support Centre. The HSEcoin-rouble exchange rate is set annually by the university. The total amount of HSEcoins awarded to students in 2018 will be announced in August.
How to create a project
Starting from September 3, 2018, projects can be created in the HSEcoin Section on the HSE Family website. The projects must be non-commercial with a requested amount of at least 15 000 roubles. The collection period should not exceed 1 month. All purchases for the project should be made no later than December 7, 2018. After the project is created, it is moderated, which takes no more than 5 working days.
How to transfer HSEcoins to projects
On September 13, HSEcoins will be awarded to students via their account in HSE Family. They can transfer them to student projects in the HSEcoin section. Students can choose to transfer all their funds to one project, or distribute them among different projects. If the project manages to raise more than 70% of the requested funds by the deadline, it is recognized as successful and can spend these funds on its implementation. If the project raises less than 70%, the funds are returned to the donors.
How to log in HSE Family
All HSE students have profile pages on HSE Family website. You can log in via social networks or using LMS. You can also access the service directly from LMS.
Why do we need it?
Now, in order to obtain financial support from the university, student projects will need to impress the HSE community (HSEcoin holders), and not the HSE administration. HSEcoins will give students the opportunity to have a go at conducting crowdfunding and PR campaigns. In order to run a successful fundraising campaign, they will need to convince hundreds (or maybe thousands) of HSE students to give them their HSEcoins.
What will happen to other mechanisms of student project support?
HSEcoins will supplement existing support mechanisms, such as the Student Project Contest, student project support and basic funding by student organisations. In the future, HSEcoin may become the main method for financing student projects and may replace all other options.
The first stage of HSEcoin completed
Since the university's budget process corresponds to calendar years, at the end of November, fundraising for projects through HSEcoin will be closed. We will analyze the results and will return with a new and improved HSEcoin in 2019.
All HSE students and doctoral students received HSEcoins. In 2019 one HSEcoin equals 200 roubles
Student projects that have already successfully raised funds.
At the beginning of the new academic year, HSE launched a new mechanism to support student projects called HSEcoin. The first phase of fundraising through this platform took place from September 13 to November 20. During this time, student projects managed to collect 5,069.14 HSEcoins, which equals more than one million roubles based on 2018 exchange rates. Below is a summary of the first phase of the HSEcoin campaign.
At the beginning of the academic year, HSE launched a crowdfunding platform to support student projects. On November 20th, the first phase of fundraising through this platform will end, so it seems like a good time to sum up the initial results of this campaign in figures and facts.
At the beginning of the new academic year, HSE launched a new mechanism for supporting student projects – HSEcoin. Now students will be the ones deciding how financing will be distributed to student initiatives.