- A crowdfunding and investment platform that has been developed to make funding more accessible to women and encourage gender lens investing.
- Only 15% of women received capital from venture capitalists in recent years and the growth rate of funding for female-founded companies has plateaued. Women entrepreneurs face greater challenges in accessing financial capital than men.
- Crowdfunding is a viable alternative of funding for women entrepreneurs as trustworthiness is an important factor and people are more likely to support female entrepreneurs.
- Gender lens scores should be included in companies' weighting in indices, including ESG-based indices. As female-run startups generated 78 cents in revenue for every dollar of investment raised, outperforming their male counterparts despite raising less money.
- Entrepreneurs looking for crowdfunding as an alternative of traditional funding.
- Investors/mentors looking to invest or give back to the community.
- Crowdfunding: FareShare is a crowdfunding platform (both equity and reward) for women-led businesses who seek alternative funding and an investment gateway for gender lens investing.
- Gender Lens Investing Gateway: Apart from investing in crowdfunding campaigns, investors are given avenues to diversify their investment via the gender equality funds list(source: genderequalityfunds.org, which is ranked by gender equality scores).
- Gender Toolkit: The app has a gender lens toolkit with three features:
- Gender Lens Scorecard Test
- Investor Risk Profiler
- Media Analyzer using Natural Language Processing
- Benchmarking (Gender Equality Funds and Equity Index): The Gender Lens Mutual Fund features a list of mutual funds with their performances over the years and ranked based on the gender lens score.
- Dashboard and Login: The dashboard keeps track of and updates the user's crowdfunding campaigns and investments. The user can log in securely using an encrypted password or Google login.
- Run
npm installin project directory. This will install server-related dependencies such asexpress. cd clientand runnpm install. This will install client dependencies
- Access the MySQL interface in your terminal by running
mysql -u root -p - Create a new database called fairsharedb:
create database fairsharedb; - Create a
.envfile in project directory and add
DB_NAME=fairsharedb
DB_PASS=YOURPASSWORD
JWT_SECRET=YOURSECRET-
Replace
YOUR_PASSWORDwith your actual password -
Run
npm run migratein the main folder of this repository, in a new terminal window. This will create 4 tables (applications, events, organizations and users) in your database.
- Run
npm startin project directory to start the Express server on port 5000 cd clientand runnpm startto run your development build. The app will run onhttps://localhost:8080as the default port.
- AI-advising which can be iterated on the gender lens scorecard and investor profiler.
- AI/ML modelling that uses the quantitative data gathered from the platform and trains these models using unbiased data so women in finance have equal opportunity.
- A networking platform for our app members to connect with bigger NGO/ other organizations with community projects