Objective
People donating money to NGOs is plunging sharply. This hinders NGOs from carrying out vital humanitarian, developmental and environmental projects. Therefore, Worldcoo has set its goal to revolutionise crowdfunding cooperation in e-commerce and e-banking to reverse this trend and thus have a big, positive social impact.
We help NGOs raise crucial funds through offering a “click” tool we developed a Widget to bring NGOs, companies, and e-customers together. Widget2.0 offers a value-added service to all stakeholders: awareness and private donations to NGOs, a modus operandi for auditable and transparent Corporate Social Reasonability (CSR) for e-retailers and e-banking and transparency and unique donor engagement for e-shoppers.
Since 2012, we have funded 34 projects that have benefitted the lives of more than over 96.000 direct beneficiaries from money raised. UNICEF also abandoned its technology to use ours, making Worldcoo their online global strategy partner.
Our market is geared to e-commerce and e-banking. In 2013, European e-commerce reached €363 billion and B2C e-commerce retailers 645,250 - rising at an annual pace of 15-20%. However, we can currently only cater for 6% of the European e-commerce because our current technology lacks features required by bigger e-retailers and e-banking transactions.
Therefore, we strategically and commercially need Widget3.0 to scale up our system by automating current manual processes and increasing the Widget conversion rate by developing Recommender and Motivator modules using Artificial Intelligence techniques. Only then can we access 100% of the e-retailing market, e-banking and beyond: billing, payment systems, and vending solutions.
We address the INSO-10-2015 topic needs as social innovation unique to the market. In June 2015 we won Best Social Initiative in a Digital Environment in e-commerce.
Let’s tackle societal problems through a new paradigm of transparent CSR, donation giving and engagement.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques.
- natural sciencescomputer and information sciencesartificial intelligence
- social sciencespolitical sciencespolitical policiescivil societynongovernmental organizations
- social sciencessociologyindustrial relationsautomation
- social scienceseconomics and businessbusiness and managementcommercee-commerce
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Programme(s)
Funding Scheme
SME-2 - SME instrument phase 2Coordinator
08006 BARCELONA
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.