Maximizing Educational Impact: A Mixed-Method Analysis of Strategic Funding Pathways for Sci-Bono Discovery Centre in South Africa

Abstract

This paper investigates the financial dynamics of the Sci-Bono Discovery Centre (Sci-Bono), focusing on its current funding model while evaluating both short-term and long-term sustainability. The study aims to provide a comprehensive understanding of the Centre’s financial strengths, weaknesses, and vulnerabilities, with special attention to its reliance on government funding, corporate sponsorships, and visitor-generated revenue. The research assesses risks posed by economic fluctuations, shifts in educational priorities, and the volatility of corporate social responsibility (CSR) initiatives. Additionally, it identifies alternative funding sources to diversify Sci-Bono's financial base, which is critical for maintaining and expanding its mission of providing equitable, high-quality science education across socio-economic divides. New funding avenues such as national and international government grants, expanded corporate partnerships aligned with sectoral needs, and community initiatives, including crowdfunding and local fundraising, will be explored. This comprehensive examination serves as a guide for stakeholders and policymakers to ensure Sci-Bono’s sustainable growth and its continued impact on inspiring scientific learning for future generations.

Keywords: Funding model, Sci-Bono, Financial base, Corporate Social Responsibility and Sustainable funding model.

DOI: 10.7176/EJBM/17-4-08

Publication date: May 30^th 2025