news
Published: 18 February 2016

Enterprise venture a real crowd puller

We’re really excited that our crowdfunding platform launched last year has been so successful, raising money for a variety of student ventures, from buying a bus for our sports teams to toys for sick children in hospital.

In partnership with Crowdfunder, any Surrey student or group of students, staff member, club or society can use the online platform to raise funds by crowdfunding on a mass-scale across campus.

Potential funders can view projects via the internet and help a worthwhile cause for as little or £5 or £10. Supporters make a pledge that only becomes a physical donation once a project has reached the minimum target needed for it to get underway. And supporters receive rewards dependent on how much they have contributed which could range from tickets to attend an event, a mention on promotional material or regular news updates.

One of our newest campaigns is raising funds for Formula Student, run by the Institution of Mechanical Engineers, which challenges university students to build a single-seat racing car to compete in a series of events designed to test performance at the world-famous Silverstone circuit.

Team SURTES (Surrey University Racing Technology and Engineering Solutions) is the University in-house racing squad, seeking to design and manufacture the lightest yet most powerful racing car it can. This year they want to build their first electric car and are looking for funding of £5,000 to help make this a reality.

Student Peter O’Shea, SURTES managing director, said: “Despite our success in the competition in previous years, achieving better and better results in is an extremely difficult task. As a result, this year, the team is attempting something never successfully done before by any other UK team: building a fully electric Formula Student car, capable of passing rigorous tests and competing in all events at the Formula Student competition.”

To find out more about how you could support the SURTES students or another crowdfunding project, please visit www.surrey.ac.uk/surreycrowd

Share what you've read?