impact meetup: today's cooperatives
TRANSCRIPT
Welcometo Impact Meetup on today’s
cooperativism ● What is cooperative?● What’s emerging in the
cooperative world?● What are the success
factors for modern coops?
24.2.2016Kristiina Ullgrén
What is a cooperative?International Co-operative Alliance:
“A cooperative is an autonomous association of persons united to meet their economic, social and cultural needs and aspirations through a jointly-owned and democratically controlled enterprise”
The basic cooperative model
Member
Share(Osuus)
The member joins the cooperative
The member buys a share.(Merkitsee osuuden)
Shares make up the cooperative equity.
€Employee
Employee
MemberMemberMember
MemberMember
Member
The members own and control the cooperative in a democratic way: one vote per member.
Types of cooperativesProducer cooperatives
Consumer cooperatives
Workers’ cooperatives
Banks, other financial coops
Mutual insurance
Who are the members?
What is their economic incentive?
Which business?
Which markets?
The waves of cooperativism
Out of the poverty
Profitable growth
Coops as social enterprises
What makes cooperatives relevant today?
What is emerging?Platform cooperativism
Work cooperatives
New consumer coops, community farms
Local service cooperatives
Platform cooperativismWhat if… Uber would be owned by the drivers?
Meaning that the drivers would
● set the business logic, working terms and conditions, etc.● decide how the profits are shared or invested
Awesome customer experience: taking the customer service platform to the cooperative ownership
The ownership matters
Case 1: the Women’s cooperative New York based worker coop
Cornell Tech is developing the platform: an app that helps scaling the business
“Coopify app connect low-income workers to the “digital sharing economy” not as precarious cogs in an impersonal
machine, but on their own terms.“
Case 2: Online marketplaceFairmondo, Germany
Anyone can trade
Eco and fair trade, local producers and businesses
The platform is built and maintained by the coop
Your examples?
Success factors for the cooperativesCooperative democracy
ICT
Financing
Ecosystem and networking
Cooperative democracyThe members
● One vote in the members’ meeting
● Active participation?
The cooperative
● Organization and management
● Self-organization? ● Participatory leadership?
ICT and cooperativesICT is integral part of almost any business
Cloud: less costs, more accessibility and choice
How good are the coops in applying the ICT in their business?
● Scaling● Customer acquisition and service
Digital innovation, blockchain
Loomio
Financing the cooperativeWhat is the business model?
What is the capital needed for?
The most obvious sources of capital are
● the member investment (shares, loans, sweat)● paying customers, revenue
External capitalHow to make the investment attractive, while preserving the democratic member control?
● Equity: cooperative shares● Loan● Grants, public funding, EU funding
New instrumentsImpact investing in cooperatives
Crowdfunding
● Pre-sales: reward-based● Investments: Loan or equity based
Platform for the cooperative, social and community purposes?
Ecosystem and networks for cooperativesEcosystem: training, supporting services, financing, legal services, accounting, hubs, incubators and accelerators, platforms, etc.
Do the coops fit into the current startup ecosystem?
What are the needs for the ecosystem of coops?
What are the needs for networking among the peers?
Thank you!www.impactor.fi
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