TimeRepublik, the first world time bank, has just launched a new initiative called “TimeFunding”. The basic idea is to help new businesses to start up, financing them through time instead of money.
By means of TimeRepublik’s widget installed on the company’s website, the administrators will be able to invite other people to donate just by “clicking”. This practice would collect time -credits, which can be spent as money within TimeRepublik’s community. The latter includes professionals from 370 different areas of expertise.
This project stands as a true example of crowdfunding under the umbrella of a ‘shared economy’, which will hopefully be a model for the nearest future.