The campaign is being launched in partnership with the Crowdfunder website and, if it reaches its target, could be one of the biggest crowdfunding projects ever run in the UK.
Crowdfunder has already successfully helped thousands of projects around the UK raise the funds they need to complete their projects – raising more than £4million in total.
Among the campaigns successfully run with the web site include £52,000 for FC United of Manchester to kit out a function room, £219,000 to create an inland surfing centre near Bristol and more than £50,000 to create a nursery ground at Durham County Cricket Club.
To raise the money the Imps hope to create a mosaic at Sincil Bank Stadium created by installing new seats showing an image of a Lancaster bomber and a silhouette of Lincoln Cathedral alongside the iconic RAF target logo and the Dambusters name.
The Lancaster bomber image used in the mosaic has been created by renowned aviation artist Simon Atack – whose paintings are collected by Oscar winning director Peter Jackson.
Initially a first target of £150,000 has been set - the amount needed to pay for the new seats and work to install them. The project will then continue to raise money to try to hit the ultimate goal of raising £380,000.
Pledges for the mosaic start at £40 and rise to £250 for special sections - with donors receiving a special pin badge, certificate and an invitation to be part of a huge “team” photo when the stand is complete. Anyone who wants to contribute to the Club’s fundraising efforts but cannot afford to pledge for the mosaic can still contribute £5 as a show of support.
"This is a great project for the community to rally behind, showing what’s possible with the power of the crowd," said Simon Walker, Head Coach at Crowdfunder.
"Sports projects have a way of reaching into the hearts and minds of a community and we wish Lincoln City the best for their ambitious and exciting campaign."
The Club's acting managing director Kevin Cooke added: "This could turn out to be a pivotal few weeks in the history of the Club.
"If the project gets lots of support we could ease our financial issues, create a truly iconic celebration of the Dambusters and get valuable publicity for the club in one go. Now we need as much support as possible to turn the dream into a reality."
Click HERE for more information on the project