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The Significance of Crowdfunding for the National Museum of Nature and Science: Saving a National Institution

What is the significance of support that is not only money, but “do your best and work hard”

The National Museum of Nature and Science in Ueno, Tokyo is also suffering from high prices (Photo: Aflo)

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The National Museum of Nature and Science, the only national science museum in Japan, “Kahaku”, started crowdfunding with a target amount of 100 million yen from August 7 to secure operating funds. The goal is cleared in 9 hours and a half from the start of reception, and it is attracting attention for its amazing popularity that puts it on the 500 million yen mark on the third day. The success of Kahaku’s crowdfunding doesn’t just save Kahaku’s predicament. It also has the potential to be an opportunity to reconsider how national and public museums should be.

(Satoko Morita: Freelance Writer/Editor)

Kahaku was in serious financial trouble

Crowdfunding, which has been increasing rapidly in recent years, is a coined word combining “crowd” and “funding”, and literally refers to collecting funds for activities from an unspecified number of people through the Internet.

There are various types of crowdfunding, such as donation type, purchase type, loan type, and stock investment type. There are various types, from pure donations that do not expect anything in return, to crowdfunding, which has a strong investment color to obtain distributions and stocks of growing companies by investing.

From the user’s point of view, it will open up a way to raise funds even for small businesses and unassuming projects that would otherwise be difficult to receive funding for. On the other hand, investors can easily contribute to society and make investments, and depending on the project, there are merits such as obtaining a return or deducting the amount of donations.

Most crowdfunding is done through specialized sites. By collaborating with local governments, it is also possible to implement crowdfunding using the hometown tax scheme.

This time, the National Museum of Nature and Science (hereinafter referred to as “Kahaku”) decided to implement crowdfunding due to serious financial difficulties.

2023-08-10 21:00:00
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