19 Feb, London: Platform co-ops: solving the capital conundrum

I was at the event last night, and spoke with a couple of other co-op people (waves at We Are Open and Open Coop). The report is now public - https://media.nesta.org.uk/documents/Nesta_Platform_Report_FINAL-WEB_b1qZGj7.pdf

In essence there’s a suggestion for a community-shares type model to help platform co-ops secure risk capital, and the start of a £1m fund to provide seed support for UK platform co-ops. There are plans for a roadshow to raise awareness with entrepreneurs and to understand the opportunity for this model going round tech hubs and cities around the country (although a couple of us pointed out that targeting earlier stage startups might be worthwhile too). Both Nesta and Co-operatives UK made noises about growing the UK platform co-op movement although it was unclear whether there’s much resource or energy for this. Investment from Open Society Foundations towards the new fund, and in Equal Care Co-op, from their economic justice programme, might suggest future support opportunities from there…

Laura

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