Not one penny raised for climbing equipment (5)

I believe the answer is:
piton
'climbing equipment' is the definition.
'piton' can be an answer for 'equipment' (piton is a kind of equipment). I am unsure of the 'climbing' bit.
'not one penny raised' is the wordplay.
'one' becomes 'i' (Roman numeral).
'penny' becomes 'p' (short for pence).
'raised' says the letters should be written backwards (going up in a down clue).
'not'+'i'+'p'='notip'
'notip' back-to-front is 'PITON'.
'for' is the link.
Can you help me to learn more?
(Other definitions for piton that I've seen before include "Spiked climbing aid" , "Peg used in mountaineering" , "Metal peg used in rock climbing" , "Peg driven into rock in mountain climbing" , "Peg driven into rock to aid climbing" .)
