Social Innovation Matched Crowdfunding (SIM CROWD)
Last registered on June 07, 2021

Pre-Trial

Trial Information
General Information
Title
Social Innovation Matched Crowdfunding (SIM CROWD)
RCT ID
AEARCTR-0005968
Initial registration date
June 04, 2020
Last updated
June 07, 2021 4:09 AM EDT
Location(s)

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Primary Investigator
Affiliation
Austrian Research Promotion Agency
Other Primary Investigator(s)
PI Affiliation
PI Affiliation
Austrian Research Promotion Agency
PI Affiliation
Austrian Research Promotion Agency
PI Affiliation
Austrian Research Promotion Agency
PI Affiliation
Additional Trial Information
Status
In development
Start date
2020-09-01
End date
2021-08-31
Secondary IDs
Abstract
In this trial, we want to test if knowledge regarding partial funding for a social innovation project in Austria from a national public funding agency, the Austrian Research Promotion Agency (FFG), influences the likelihood of participants to invest in a crowdfunding campaign for social innovation projects, compared to just hearing about the crowdfunding campaign itself. The trial will consist of a series of emails to participants, in which new social innovation projects of various SMEs are introduced along with 30 day crowdfunding campaigns hosted on the platform Startnext. There is one control group, and who receives only the previous information, and 2 Treatment groups. Treatment group 1 will receive emails with an additional text saying that the social innovation project will receive Matched funding up to 50% of their project goal from the FFG. Treatment group 2 will receive emails with an additional text saying that the social innovation projects have received seed funding of 50% of the project costs already. Participants are individuals living and working in Austria who have previously signed up for email correspondence from the FFG.
External Link(s)
Registration Citation
Citation
Aiginger, Philipp et al. 2021. "Social Innovation Matched Crowdfunding (SIM CROWD) ." AEA RCT Registry. June 07. https://doi.org/10.1257/rct.5968-1.1.
Experimental Details
Interventions
Intervention(s)
Intervention Start Date
2021-01-14
Intervention End Date
2021-07-31
Primary Outcomes
Primary Outcomes (end points)
1. Financial investment of participants in the crowdfunding campaigns
2. Click-rate of links to social crowdfunding campaigns in emails
Primary Outcomes (explanation)
Secondary Outcomes
Secondary Outcomes (end points)
Secondary Outcomes (explanation)
Experimental Design
Experimental Design
The trial will be conducted over a series of emails. Each participant will receive the exact same email introducing and promoting crowdfunding campaigns for social innovation projects, however the emails of the 2 treatment groups will have an additional text informing participants in these trial arms of funding from the FFG (see Intervention for more details).

Experimental Design Details
Not available
Randomization Method
Randomization will be done by a computer program from a scientific consultant in the RCT, UMN. The RCT administrators will not do the randomization.
Randomization Unit
The randomization unit is the individual.
Was the treatment clustered?
No
Experiment Characteristics
Sample size: planned number of clusters
20,000 individuals
Sample size: planned number of observations
20,000 individuals
Sample size (or number of clusters) by treatment arms
equal assignment, thus around 6,666-6,667 individuals per trial arm.
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
IRB
INSTITUTIONAL REVIEW BOARDS (IRBs)
IRB Name
IRB Approval Date
IRB Approval Number