Local for Local
What is Local for Local?
Local for Local is a digital platform to help cities deploy local economic tokens/local currency systems to help strengthen local economies. Local for Local recognizes that the current economic flows in regions focus on the flow of capital to far away locations rather than emphasizing the local benefits. The image below shows the current state and the ideal state after the implementation of a Local for Local in a pilot region.
By creating access to local currency and local lines of credit for businesses, we hope to create social cohesion through thoughtful and easy local purchases. Local for Local also aims to help cities with their administrative burden by leveraging easy and open technologies with powerful administration tools.
Local for local provides the decentralised digital infrastructure and platform building blocks to empower citizens to build connections and connect with each other.
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Round one of the FSTP calls has been closed. Please come back for the announcement of round two funding in fall 2024.
Project objectives
The objective of this project is the following:
Integrate and pilot a software stack that strengthens local rural economies throughout Europe.
This objective leads to two concrete and measurable goals.
- Socio-economic impact in the local region
- A high-performing software stack by NGI innovators
The economic ecosystems will be self-sustaining and ready to scale in Europe.
Consortium members
Centric
Centric is a IT and software services company with a presence in multiple European countries. With a team of 3,700 professionals, Centric combines IT expertise with extensive knowledge of industry-specific processes, particularly in government, supply chain, and finance sectors. This unique blend sets Centric apart, enabling the development of tailored solutions that align with clients' objectives. Centric operates in ten countries, serving over 3,500 clients, including millions of daily users who rely on Centric's 200+ software solutions.
Delft University of Technology
Delft University of Technology (TU Delft) is a prestigious Dutch institution known for its excellence in engineering, technology, and applied sciences. Located in the historic city of Delft, the university has a rich tradition of innovation and research dating back to its founding in 1842. TU Delft is renowned for its cutting-edge research, world-class faculty, and state-of-the-art facilities, making it a global leader in fields such as aerospace engineering, civil engineering, and industrial design. The university's commitment to sustainability and interdisciplinary collaboration further reinforces its reputation as a hub for pioneering solutions to complex global challenges
AixMarseille University
Aix-Marseille University (AMU) is a French institution formed in 2012 by merging three renowned universities, boasting a vast academic community with over 78,000 students and 8,000 staff members. Highly regarded for its research, AMU consistently ranks among France's top research universities, particularly excelling in health and medical sciences with affiliated hospitals and medical schools. Situated in Aix-en-Provence and Marseille, its diverse and multicultural campuses facilitate international collaboration through partnerships with universities worldwide, cementing AMU's status as a leading institution in France and Europe known for academic excellence and research innovation.
Kaunas University of Technology
The Kaunas University of Technology (KTU) is a Lithuanian institution. Established in 1922, KTU offers a wide range of technical and scientific programs, fostering innovation and entrepreneurship among its students and faculty. Located in Kaunas, Lithuania, the university is committed to research excellence and global collaboration