1. Project is funded
Success: Secured sufficient funds to cover all project phases.
Action Items:
- Identify potential investors or sponsors.
- Present project proposal to potential funders.
- Secure commitments and finalize funding agreements.
2. Matching pool is funded
Success: Established a significant matching pool.
Action Items:
- Negotiate with the City the initial contribution.
- Negotiate with sponsors to contribute.
- Set up a system for regular contributions to the pool.
3. Project is legal
Success: All legal challenges addressed, and the project operates within local regulations. Action Items:
- Consult with legal experts familiar with local regulations.
- Draft necessary legal documents.
- Obtain any required permissions or licenses.
- Arrange the relationship between the city and other partners (BlockSplit, FTC,…).
4. Project is done without administrative bottlenecks
Success: Efficient administrative structures and processes in place.
Action Items:
- Define roles and responsibilities.
- Hire or assign administrative staff.
- Set up communication and reporting channels.
- Plan the timeline of decision making and bureaucratic processes.
- Prepare for project execution.
5. Project is done without technical bottlenecks
Success: Reliable technical infrastructure supporting all project needs.
Action Items:
- Assess technical requirements.
- Develop or procure necessary software and hardware.
- Test and refine the technical setup.
- Ensure the technical and social security of the setup.
6. Project is highly visible in the public
Success: Large number of signed up users.
Action Items:
- Develop a marketing and PR strategy.
- Create a landing page and a funnel channels.
- Launch promotional campaigns.
- Measure the performance of different channels.
7. Residents have proposed large number of eligible projects
Success: Collected enough proposals to spend the whole matching pool.
Action Items:
- Establish the project eligibility criteria.
- Educate the public and potential proposers.
- Incentivise residents to submit proposal
8. Residents have donated a significant amount of money
Success: Collected the predefined amount of donations.
Action Items:
- Define the round period.
- Promote the donation process to potential donors.
- Monitor and report on donation amounts and sources.
9. Donated and matched funds are distributed promptly
Success: Funds are distributed promptly, and timely.
Action Items:
- Develop criteria for fund distribution and recepients.
- Set up a review and approval process.
- Ensure timely disbursement of funds.
10. Projects are executed quickly
Success: Ongoing support ensures smooth project execution.
Action Items:
- Identify potential challenges and solutions.
- Provide training and resources to project leaders.
- Establish a feedback loop for continuous improvement.
11. Relevant informatation about the projects is collected
Success: Regular, transparent, and comprehensive updates on project progress.
Action Items:
- Determine reporting frequency and format.
- Assign responsibility for report generation.
- Ensure stakeholders receive and review reports.
12. Impact is evaluated and lessons learned
Success: Clear evidence of the project’s positive impact and effectiveness.
Action Items:
- Define metrics for success.
- Collect data on project outcomes.
- Analyze and present findings to stakeholders.
Requirements