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We have recently seen the introduction of consumer-based UVC disinfection products. Can we reduce the cost, increase the effectiveness, increase safety, and make the products accessible to countries that face outbreaks like these? Can we easily enabl

We have recently seen the introduction of consumer-based UVC disinfection products. Can we reduce the cost, increase the effectiveness, increase safety, and make the products accessible to countries that face outbreaks like these? Can we easily enabl

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Shari commented on EdCreds: A New Currency for College

Thank you for your inquiry. Dresden with its growth and size is a perfect testbed for community currency. There are some systems already in place in the US, though very new and unproven:
https://en.wikipedia.org/wiki/List_of_community_currencies_in_the_United_States
Community currency has great potential to counteract problems with health, education, and environment.
 
EdCreds is a very new idea (December 2015) and is still preparing to seek funding. After initial investment, the plan is to fund EdCreds by selling Big Data – information about participating students including extracurricular activities, career/college testing, and personal interests. Colleges need this information to refine their marketing efforts during the recruitment process every year. We will need initial funding while expanding, but it won't be necessary as the database of student information grows and becomes more valuable.

We are also introducing EdCreds as a cashback program, rather than redeeming for special activities as you mention. We are using this simple cash incentive to increase early and widespread adoption. This appeals to our huge problem of college affordability. Cash can only be received for EdCreds after attending college, emphasizing a reward for education. EdCreds.org will also provide online career and college guidance that is missing here in the US. This guidance is actually the engagement we seek below the surface of EdCreds.

Similarly, your goal in Dresden may be to increase awareness of community activities that promote well-being. So, your program might evolve around a website where citizens can plan or schedule events, find activities that suit them, and manage their special currency at the same time. It may be difficult to get local businesses to accept special points, which is another reason why we are using a simple cashback model for EdCreds. We could not find colleges interested in discussing alternative forms of tuition payment. The US also has many free or low-cost activities that are declining in participation. Pay special attention in Dresden, as some activities may not respond to cost adjustment alone. Keep me posted on the progress.

Congratulations! Your concept reminds me of DonorsChoose.org (K-12) - a great model for connecting individual donors to education with special topics in mind. I imagine that givers can select 1Gen2Fund seekers by their area of interest/expertise/background just as DonorsChoose allows donors to select projects by subject. I can see how our EdCreds concept can help 1Gen2Fund seekers advertise their history of extracurricular educational activities to potential givers. EdCreds can also help 1Gen2Fund seekers find colleges with more supporting givers – a criteria that can be part of the EdCreds college guidance process. Exciting!

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Shari commented on EdCreds: A New Currency for College

Thanks Rob! Good questions. Colleges will want to accept EdCreds to attract students who have a track record of participating in EdCred activities (showing motivation to learn, even outside of the classroom). Additional key benefits include: 1) Attracting donors who support the larger EdCreds cause, 2) Potential access to the history of prospective student EdCred activities so that colleges can make their recruiting efforts more efficient, and 3) The prospect of granting EdCreds or even PostEdCreds to their own students who offer mentoring, teaching assistance, and research (not-for-credit). These are extremely valuable benefits that are worth far more than what EdCreds will cost anyone in actual dollars. 

Nonprofits always require a ton of elbow grease and funding, though it can be from government sources. The EdCreds business model requires more feasibility discussions with forward-thinking college administrators and other participants before we can lean on any of the options.