Rocket Fund impact report 2018
Rocket Fund is a crowdfunding platform for schools, designed to enable all students to access the latest technology.
We recently launched wave four, bringing our total number of projects to 160, raising over £100k for schools in a year. To celebrate, we're sharing our results and impact so far.
We’re also currently looking for partners and investors to help us scale Rocket Fund to 1,000 schools. If you’d like to get involved, please get in touch here.
- 160 projects live
- 65 per cent success rate (Kickstarter's is 36 per cent)
- 1,500 teachers registered
- 2,800 donors*
- 28,000 students have benefited*
- £123,000 raised for schools*
*these figures will increase after wave 4
Total amount raised: £123,000
- £4,500 match funding from businesses
- £18,500 match funding from Rocket Fund
- £100,000 crowdfunded by schools
Largest amount raised: £6,726 by Newstead Wood English Department. They raised over £5,000 in their first 48 hours.
Fastest time to target: 40 minutes by Newstead Wood English Department.
From the rural North of Scotland to the Southern tip of Cornwall we're excited to see that we're attracting schools from across the UK. Explore the map below to see the locations of schools who have been invovled in each wave.
Interactive map of the schools using Rocket Fund:
Again, we’re pleased to see our user base is representative of the school population as a whole, 77 per cent of schools using Rocket Fund are Primary and 17 percent of schools are Secondary.
Levels of deprivation
We track the level of deprivation for every school that uses Rocket Fund, using the percentage of students eligible for pupil premium (a measure of the percentage of pupils that have been eligible for free school meals at any time during the past six years, that is published here). The average percentage of students eligible for pupil premium is 24.9 per cent in England. 39 per cent of schools using Rocket Fund are above the national average level of pupil premium, and 93 per cent of schools said they wouldn’t have been able to purchase the technology without using Rocket Fund.
Furthermore, just under three quarters of schools said that less than 50 per cent of their students would be able to access the technology elsewhere (e.g. at home or via a club).
Project by subject area:
At the moment Rocket Fund only allows schools to fundraise for technology products, as a result, the majority of projects are raising money for products to help teach STEAM (science, technology, engineering, arts and maths) subjects. Although 32 per cent of projects are for products to help teach computing, most projects tag more than one subject, showing that the majority of products will be used across the curriculum.
Most popular items:
Robots, coding kits, VR headsets and tablets make up 60 per cent of items fundraised for on Rocket Fund. Some of the most popular items within the "Robots /coding kits" category are: spheros, Bee-Bots and micro:bits.
Great examples of pitch videos:
Here are three of our favourite pitch videos so far.
Future Programmers (wave 4 - raised £1,237 so far)
Tech @ MPS (raised £1,600)
St Johns Rocket Fund (raised £3,000)
- Largest single donation: £1,000
- Average donation (mean, excluding donations over £99): £20
- 70 per cent don’t want any reward
- 70 per cent know the fundraiser
- 70 per cent are parents
- 10 per cent are from the local community
- 1 per cent are alumni
We initially expected most of the donors to be parents; however, we’ve seen a few schools avoid asking parents altogether, focussing solely on local businesses, who are often very happy to donate. We also think the alumni community could offer a huge potential untapped resource, as many former pupils would love to support their old school, but are never asked.
- 10 per cent of donors give £100 or more
- This makes up 50 per cent of the total amount raised
- 1 per cent of donations are £500 or more
We’ve been blown away by the generosity of some people and pleased to see large donations becoming a fairly common occurrence. We’ve also noticed that many larger donors prefer to remain anonymous - another benefit of crowdfunding.
As well as the obvious monetary benefits, we’ve also observed the following non-monetary (but extremely valuable) benefits of crowdfunding:
- Galvanises communities - some our users have found crowdfunding a great way to connect with the extended community (beyond parents) and have said that businesses are often keen to maintain links after they have donated
- Engages students - students involved with their crowdfunding project love seeing the donations come in
- Educational value in the process - crowdfunding also teaches the following skills: project management, pitch creation, media production and marketing skills
Our favourite comments from schools & donors:
"We have lift off!!!! Thank you SO much for our first donations!!! The pupils are so excited!!!"
"We have received the robots and the children were so excited to open them. The amount of computing we can do with them is endless."
- Ms. Read
"I can't recommend Rocket Fund highly enough, the thrill to see the pledges coming in was amazing!"
- Mrs. Brown.
I hope the data above has given you an insight into the impact and potential of Rocket Fund.
We’re now looking for partners and investors to help us scale this to 1,000 schools.
If you’d like to get involved, please get in touch here.