ShareLab Fund is now closed for applications
Q1. What do you mean by collaborative economy models?
Nesta defines the collaborative economy as having five traits: enabled by internet technologies, connecting distributed networks of people and/or assets, making use of the idling capacity of tangible and intangible assets, encouraging meaningful interactions and trust, and embracing openness, inclusivity and the commons.
Building on these traits, the collaborative economy can be understood through four overarching types of activity:
- Collaborative consumption: gaining access to goods or services through bartering, renting, lending, trading, leasing, exchanging, re-selling and swapping.
- Collaborative production: groups or networks of individuals collaborate to design, produce or distribute goods
- Collaborative learning: learning experiences that are open to anyone and where people share resources and knowledge to learn together.
Collaborative finance: funding, lending and investment services offered outside of traditional financial institutions.
Q2. Does our new model need to be exclusively online?
No. We understand that some models will need to combine online and face-to-face interaction to achieve impact.
Q3. I work for a front line public service, am I eligible to enter an idea?
Yes, we welcome ideas from those working in public-facing roles.
Q4. Do I need more than just an idea to enter?
No, you can put forward your idea at its earliest stage, however, ideas will be selected based on their potential for impact.
Q5. What are the criteria you’re selecting against to progress to the next stage?
Innovation and ambition - is the idea original and compelling; does it meet a well evidenced need?
Credibility - is it appealing to users/commissioners?
Impact - if the idea were successful, would the social or environmental impact be meaningful?
Scale - is this an idea that could have broad applicability in other geographies/contexts?
Sustainability - is there a credible route to the idea/initiative becoming self-sustaining?
Q6: Are non UK projects eligible to apply for ShareLab Fund?
A: Anyone can contribute an idea to ShareLab; however if international projects want to develop ideas further and take part beyond the first stage, they must show significant benefit in the UK and have a UK partner or incoporate in the UK in order to access funding and support. They must also be able to attend an event in the UK in early 2017.
Q7: What time do applications close?
Applications close at 23:59 on Friday 9 December.