Visions on the Future of Crowdfunding in Europe, published by FR Prospektiv (France), twintangibles (Italy), ikosom (Germany) and Douw&Koren (the Netherlands).
This publication has been produced by four frontrunners from the field of crowdfunding in Europe: Daniela Castrataro, Fabien Risterucci, Gijsbert Koren and Karsten Wenzlaff.
This #PlatformCoopBerlin report comprises an introduction into the notion of platform cooperativism, references and links to main activists, activities and further readings. You’ll also find a report on the first #platformCoopBerlin meet-up in Berlin on the 04.03.2016, including a transcript of Michel Bauwen’s speech at this gathering. This article might be useful for whoever wants to get a basic or better understanding of platform cooperativism. People intending to organise a #PlatformCoopX meetup in their own city or researching about the subject will also find helpful information, links and contacts
Old Economy vs. New Economy. Keynote speech at the annual EUKN EGTC ConferenceThomas Doennebrink
Keynote @Conference on the Civic Economy - Time to get ready Organized by European Urban Knowledge Network (EUKN) in cooperation with the municipality of Amsterdam & Pakhuis de Zwijger. Amsterdam 20.10.2014.
Keynote on the 24.03. @Fourth Conference on Good Economy in Zagrep Croatia organized by ZMAG Green Network of Activist Groups. Sponsored by République Francaise, Rosa Luxemburg, Goethe Institut & Institut ZA Politicku Ekologiju.
Article about the keynote published in Croatian newspaper: http://www.vecernji.hr/gospodarstvo/napustamo-eru-konkurentnosti-i-ulazimo-u-eru-kolaborativnosti-1158925
Collaborative Economy: A possible bridge from the old to the new economy? Thomas Doennebrink
Presentation @ inauguration of the 1. Seats2Meet location in Berlin on the 17.07.2014.
Attempt to describe and contrast characteristics and features of an old and a new economy (society/paradigm) and discuss the question whether the Share/Collaborative Economy could be a possible bridge and means of transformation from the former to the later (slides 14 - 24).
Preceded by slides dealing with the components, aspects and implication of the collaborative economy and concluding with slides explaining OuiShare.
Other speakers:
Felix Weth (CEO fairnopoly) about cooperative 2.0 &
Ronald van den Hoff (CEO Seats2Meet) about Society 3.0
This publication has been produced by four frontrunners from the field of crowdfunding in Europe: Daniela Castrataro, Fabien Risterucci, Gijsbert Koren and Karsten Wenzlaff.
This #PlatformCoopBerlin report comprises an introduction into the notion of platform cooperativism, references and links to main activists, activities and further readings. You’ll also find a report on the first #platformCoopBerlin meet-up in Berlin on the 04.03.2016, including a transcript of Michel Bauwen’s speech at this gathering. This article might be useful for whoever wants to get a basic or better understanding of platform cooperativism. People intending to organise a #PlatformCoopX meetup in their own city or researching about the subject will also find helpful information, links and contacts
Old Economy vs. New Economy. Keynote speech at the annual EUKN EGTC ConferenceThomas Doennebrink
Keynote @Conference on the Civic Economy - Time to get ready Organized by European Urban Knowledge Network (EUKN) in cooperation with the municipality of Amsterdam & Pakhuis de Zwijger. Amsterdam 20.10.2014.
Keynote on the 24.03. @Fourth Conference on Good Economy in Zagrep Croatia organized by ZMAG Green Network of Activist Groups. Sponsored by République Francaise, Rosa Luxemburg, Goethe Institut & Institut ZA Politicku Ekologiju.
Article about the keynote published in Croatian newspaper: http://www.vecernji.hr/gospodarstvo/napustamo-eru-konkurentnosti-i-ulazimo-u-eru-kolaborativnosti-1158925
Collaborative Economy: A possible bridge from the old to the new economy? Thomas Doennebrink
Presentation @ inauguration of the 1. Seats2Meet location in Berlin on the 17.07.2014.
Attempt to describe and contrast characteristics and features of an old and a new economy (society/paradigm) and discuss the question whether the Share/Collaborative Economy could be a possible bridge and means of transformation from the former to the later (slides 14 - 24).
Preceded by slides dealing with the components, aspects and implication of the collaborative economy and concluding with slides explaining OuiShare.
Other speakers:
Felix Weth (CEO fairnopoly) about cooperative 2.0 &
Ronald van den Hoff (CEO Seats2Meet) about Society 3.0
Система управления операционными рисками. Версия 4.0Roman Isaev
Функционал по управлению операционными рисками организации: планирование, идентификация, ранжирование, учёт и контроль рисков, предупреждающие и корректирующие действия, аудит, отчётность, интеграция с бизнес-процессами. Включает взаимосвязанные справочники, параметры, списки, связи с действующими классами Business Studio и отчёты.
This slideshow features the various projects within the Virtual Museum of the Animal Demography Unit, Department of Biological Sciences, University of Cape Town. The Virtual Museum (VM) provides the platform for citizen scientists to contribute to biodiversity projects. Your photos can count for biodiversity conservation!
How to register and become a Citizen Scientist with the Animal Demography UnitMegan Loftie-Eaton
How to register and become a Citizen Scientist with the Animal Demography Unit -- the following slideshow shows you exactly how to go about registering with the ADU
Presentation on Roadmap for IPR Research in India
Contact Us for Intellectual Property Services
BananaIP Counsels
Regd Office
No.40,3rd Main Road,JC Industrial Estate,
Kanakapura Road,Bangalore – 560 062.
Email: contact@bananaip.com
Telephone: +91-80-26860414 /24/34
Current State of Crowdfunding in Europe - review 2016MichalGromek
An Overview of the Crowdfunding Industry in more than 25 Countries: Trends, Volumes & Regulation
The alternative finance industry is a vibrant industry that develops very quickly. Community shares, civic crowdfunding, real estate crowdfunding and marketplace lending are examples of the developments that take place in the industry. We didn’t include these kind of developments in this research, but we are sure that in future reports we can’t ignore these new phenomena. For now, it was a challenge enough to collect information about the four mainstream types of crowdfunding.
For this research we worked together with more than 30 experts in all the European countries and asked them to provide us with reports and data about the crowdfunding industry in their country and give us their insights and views on the industry. We also asked them to share their knowledge about existing and upcoming regulations. We want to emphasize that by no means we intent to give legal advice in this report.
Please visit : http://www.crowdfundinghub.eu/ for more information and subscribe for upcoming reports
Система управления операционными рисками. Версия 4.0Roman Isaev
Функционал по управлению операционными рисками организации: планирование, идентификация, ранжирование, учёт и контроль рисков, предупреждающие и корректирующие действия, аудит, отчётность, интеграция с бизнес-процессами. Включает взаимосвязанные справочники, параметры, списки, связи с действующими классами Business Studio и отчёты.
This slideshow features the various projects within the Virtual Museum of the Animal Demography Unit, Department of Biological Sciences, University of Cape Town. The Virtual Museum (VM) provides the platform for citizen scientists to contribute to biodiversity projects. Your photos can count for biodiversity conservation!
How to register and become a Citizen Scientist with the Animal Demography UnitMegan Loftie-Eaton
How to register and become a Citizen Scientist with the Animal Demography Unit -- the following slideshow shows you exactly how to go about registering with the ADU
Presentation on Roadmap for IPR Research in India
Contact Us for Intellectual Property Services
BananaIP Counsels
Regd Office
No.40,3rd Main Road,JC Industrial Estate,
Kanakapura Road,Bangalore – 560 062.
Email: contact@bananaip.com
Telephone: +91-80-26860414 /24/34
Current State of Crowdfunding in Europe - review 2016MichalGromek
An Overview of the Crowdfunding Industry in more than 25 Countries: Trends, Volumes & Regulation
The alternative finance industry is a vibrant industry that develops very quickly. Community shares, civic crowdfunding, real estate crowdfunding and marketplace lending are examples of the developments that take place in the industry. We didn’t include these kind of developments in this research, but we are sure that in future reports we can’t ignore these new phenomena. For now, it was a challenge enough to collect information about the four mainstream types of crowdfunding.
For this research we worked together with more than 30 experts in all the European countries and asked them to provide us with reports and data about the crowdfunding industry in their country and give us their insights and views on the industry. We also asked them to share their knowledge about existing and upcoming regulations. We want to emphasize that by no means we intent to give legal advice in this report.
Please visit : http://www.crowdfundinghub.eu/ for more information and subscribe for upcoming reports
What is Citizen Lobbying? How to create assertive citizens that can help counter the undue influence exercised by special interest groups in the policy process? This practical booklet shows a few tools and resources useful to undertake a lobbying action to connect with policymakers. Make your voice heard!
What is Citizen Lobbying? How to create assertive citizens that can help counter the undue influence exercised by special interest groups in the policy process? This practical booklet shows some tools and resources useful to undertake a lobbying action by civil society, NGOs and citizens to connect with policymakers. Make your voice heard!
What is citizen lobbying? How to create assertive citizens who can help counter the influence exercised by special interest groups in the policy process? This practical booklet shows few tools and resources useful to undertake a lobbying action by civil society, NGOs and citizens. Make your voice heard!
Crowd funding developing a strategy for crowd participationApostolos Gazepis
From the presentation given by me at the 12th International Conference of Economic Society of Thessaloniki.
https://www.academia.edu/5101596/CROWD-FUNDING_DEVELOPING_A_STRATEGY_FOR_CROWD_PARTICIPATION
Briefly, CIVICROWD is the KICKSTARTER for government. It empowers citizens to invest in their communities. It is a donation based crowdfunding platform that connects citizens with their local government. This brings additional funds to cities and allows citizens to invest in projects where their heart lies.
CIVICROWD brings civic engagement in a transparent and efficient form. It connects citizens and cities in a convenient way that will change the way citizens interact with their local government.
As a data science consulting firm, we work across a broad range of industries to help its clients solve their most pressing business challenges. Recently, Datascope has used its process of solving problems with data to help solve some of its own challenges. We struggled with predicting tax payments, knowing when it was “good to hire” and generally understanding the mechanics of our business. During this talk, I will describe Datascope’s journey and how it has instrumented its own business—from Monte Carlo simulations of our finances to tracking time against specific projects—so that it can operate more efficiently and keep its team members ever happier with their roles and responsibilities.
Lionel Slusny - Crowdfunding for the 21st Century, CSWGlobal14Crowdsourcing Week
Presented at Crowdsourcing Week Global 2014 by Lionel Slusny, Executive Consultant, LOFT Solutions. Join us for CSW Global 2015! More Information: http://crowdsourcingweek.com/ and https://twitter.com/CrowdWeek
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
2. This publication has been produced by four frontrunners from the field of crowdfunding in
Europe: Daniela Castrataro, Fabien Risterucci, Gijsbert Koren and Karsten Wenzlaff.
This publication was made possible by Epirot Ludvik Nekaj (organizer Crowdsourcing
Week), Wolfgang Gumpelmaier (Gumpelmedia/ikosom), Nina Passerelli (student) and all
crowdfunding platforms that contributed by sharing their visions.
This publication is a follow-up for two European conferences on Crowdfunding:
Crowdfunding Day (Amsterdam, April 15th 2013) and The Future of Crowdfunding (Berlin,
April 17th 2013)
The views expressed in this publication are those of their respective authors and do not
necessarily reflect the position of the producers of this publication.
Creative Commons
This publication is released under the following license: CC BY NC SA 3.0. AttributionNonCommercial-ShareAlike 3.0 Unported License.
3. About the publishers
Daniela Castrataro
Daniela is co-founder and
director of twintangibles,
a Scottish-Italian research
and advisory firm that helps
organisations create value
from the application of
social technologies. She
is co-founder of the Italian
Crowdfunding Network.
twintangibles, together with
nois3lab, are the founders
of crowdfuture – The Future
of Crowdfunding, the first
crowdfunding conference in
Italy.
Fabien Risterucci
As a consultant (FR
Prospektiv) Fabien facilitates
the international business
development of innovative
business concepts in highgrowth areas. He has been
conducting research on
crowdfunding for the last
three years, co-launched
the discussion group
Crowdfunding for Europe
and has been an active
member of the French
crowdfunding professional
association, Financement
Participatif France.
Passionate about disruptive
innovation, entrepreneurship
and development finance,
Fabien has a background
in economic development,
investment attraction and
international business
development in Europe
and Asia. He was trained
in Political Sciences,
Business Administration,
Competitive Intelligence,
and in Microfinance. Fabien
is based in Paris and is
frequently in Germany.
Gijsbert Koren
Gijsbert is a creative
entrepreneur and
crowdfunding addict. He
found out the hard way that
funding from a bank or one
investor could be hard to
attain, even if (potential)
users were interested.
Hacking the system, by
getting money directly
from consumers to fund a
product, seemed to be an
interesting alternative.
Gijsbert is managing
partner at Douw&Koren
Crowdfunding Consultancy
and advises companies,
governments and other
organizations on using
crowdfunding.
Karsten Wenzlaff
Karsten is one of the
co-founders of ikosom –
Institut für Kommunikation
in sozialen Medien, a
private research-center
based in Berlin. He has
conducted research
on crowdfunding since
2011 – having published
the first crowdfunding
survey in Germany. He is
also co-author of the first
Crowdsourcing Report in
Germany. He has a BA in
Philosophy & Economics
and a MPhil (cantab) from
the University of Cambridge.
4. Introduction
Crowdfunding is a source
of finance for projects
and businesses, with the
specific characteristic
that the capital is raised
by the crowd: a group of
individuals donate or invest
relatively small amounts of
money. The main types of
crowdfunding are: donation
based, reward based (presales/non-financial return),
loan based and equity
based. Besides capital,
crowdfunding also results in
gaining more visibility for a
project or company, as well
as generating involvement
and support from a large
group of people.
investors and government
officials with visions
regarding the impact of
crowdfunding in Europe.
Crowdfunding is changing
the way we think about
finance. But what will the
future of crowdfunding look
like? With this publication,
we share our views and
the ones of European
crowdfunding platforms on
the future of crowdfunding.
November 2013
Crowdfunding has been
used as well to finance
this publication. We would
like to thank all early
supporters who believed in
the importance of sharing
visions on the future of
crowdfunding in Europe.
The main goals of this
publication are:
1. Sharing visions
It provides researchers,
politicians, entrepreneurs,
2. Initiating discussions
It helps to initiate a
discussion about future
trends and developments
in crowdfunding and
crowdinvesting.
With this publication, we
hope to contribute to the
further development and
growth of crowdfunding in
Europe.
- Daniela, Fabien, Gijsbert
and Karsten
6. Civic Crowdfunding
During the last few years,
crowdfunding has become a
far wider and more complex
phenomenon, having
developed into many trends
and models. In my opinion,
one of the most interesting
ones is civic crowdfunding.
Civic crowdfunding seems
to be a solution to the
lack of funds in local
governments, much like
crowdfunding in a wider
sense presents itself as a
solution to the lack of capital
on the market.
Whereas crowdfunding in a
general sense is based on a
potentially global audience,
local crowdfunding looks for
funds in a geographically
small area, which implies a
small community in terms
of numbers. In fact, local
communities seem to be
a suitable environment in
which civic crowdfunding
can flourish, as this aims at
financing local works and
projects. Therefore, we are
talking about relationship
capital here, rather than
social capital, i.e. few but
strong relations that form
tightly bound communities,
rather than large networks
with weak ties between
them.
The development of a strong
bond between citizens
and their territory, the
citizens’ active involvement
in discussing and giving
their feedback, their
willingness to cooperate
directly or indirectly with
the local administration
on choices aimed at the
local community would
find in civic crowdfunding
a perfect tool. The process
would both address the
scarcity of capital in local
administrations and bring
citizens closer to institutions,
thus increasing people’s
respect for public assets
and implementing a model
of active citizenship and
collective and sustainable
innovation.
The key point seems to
be both to facilitate digital
cooperation and to build
offline relationships. In
fact, the real power of the
crowd does not lie with
people randomly connecting
on the web. The future of
this technology seems to
be pointing towards local
online environments that
promote strong interactions
both online and offline. As
I see it, this is the future of
crowdfunding, and civic
crowdfunding is the future.
- Daniela Castrataro
7. Crowdfunding regulation at European level
The sums collected by
Europe-based internet
crowdfunding platforms
register an exponential
progression. This could
be of quite a different
importance, and especially
have a greater economic
impact, if platforms
benefited from a European
regulatory framework
adapted to the nature
and potential risks which
engenders their activity.
status of Crowdfunding
Service Provider (“conseiller
en investissement
participatif”). But for now,
the laws are very different
from one country to another.
This could represent
an impediment to the
development of internet
platforms in the short to
medium-term as by the
nature of their business,
they cannot know national
boundaries of their market.
So, after months of
exchanges and raising
awareness in small
committees on the
benefits offered by
crowdfunding, proposing
a special European level
status of Crowdfunding
Service Provider, this
synchronization between
administrations denotes
a real commitment of the
authorities towards concrete
action on the subject.
So far the lead action has
been situated at the national
level. The key players of
the European crowdfunding
sector already compelled
themselves to greater
transparency by creating
national professional
associations and by
working on their respective
self-imposed Code of
Conduct, which are codes
of best practice committing
platforms to provide services
with full transparency, safety,
assistance, ethics, and
respecting the laws and
regulations.
An initiative at European
level is also under way
with the European
Crowdfunding Network and
the determination of the
crowdfunding sector that
rallies in Europe.
Having spent a few years
analyzing microfinance and
crowdfunding (also called
collaborative funding) and
what I call “community
funding”, it is fascinating to
measure how much it allows
to aggregate entrepreneurs,
creators, the financial
sector, governments,
local governments,
economic development
stakeholders and above all
us all European citizens and
citizens of the world whom
we are.
Several national
governments, such as the
United Kingdom, Italy and
Austria have been dealing
with the regulation of
crowdfunding. Portugal has
seen some interesting local
initiatives recently as well.
France is about to facilitate
the multiple forms of
crowdfunding and discusses
the creation of a special
Moreover, the different
workshops organized
by the EESC, the SME
Assembly, DG Connect,
and DG Internal Market and
Services of the European
Commission in the
presence of Commissioner
Michel Barnier to review
the opportunities and
risk reduction related to
crowdfunding, confirm the
direction taken towards
a likely forward evolution
of the European texts.
To remedy disparate
national level legislation,
the European Commission
has taken over the case
and has launched a public
consultation so a project can
start to be developed from
next year.
Nobody knows today what
will happen to crowdfunding
in the next couple of years.
What is certain is that it will
become a real alternative for
start-up and seed capital.
I hope that the dynamism
and creativity of European
entrepreneurs will be
enhanced by a new
regulatory framework at
the European level. At
the same time bold, this
8. framework should be
non-discriminatory, fully
complementary with other
sources of funding and
ensure the professionalism
of this emerging industry.
Allowing the multiple forms
of crowdfunding platforms
to operate freely across
boundaries would be for
the European Union the
sign of a will to continue
the deepening of the Single
Market.
- Fabien Risterucci
9. Growing Crowdfunding
Innovation and the start
and growth of new projects
and companies are an
important engine of our
economy. It is therefore
of great importance to
provide these projects and
companies with access to
capital. Crowdfunding can
contribute in providing better
access.
The crowdfunding market
is growing fast
In Europe, there are a
few hundred operational
crowdfunding platforms,
making it possible for
projects and companies
to (added all together)
raise hundreds of millions
of euros in 2012. The
market is expected to
keep on growing very fast.
Crowdfunding will grow into
an important alternative to
other sources of finance for
projects and companies.
However big the potential
impact, I think there are
some obstacles that have
to be addressed in order to
realise this potential.
1. Many people, projects
and companies are not
familiar with crowdfunding
yet
Although crowdfunding
could be an alternative
source of finance, many
people are still ignorant
about the existence and high
potential of crowdfunding.
Besides that, not all
government bodies and
authorities fully acknowledge
crowdfunding for being a
relevant source of finance.
Moreover, knowledge about
how to make best use of
crowdfunding is still not
widely spread, resulting
in people, projects and
companies not considering
or using crowdfunding yet.
Via directed communication,
more awareness can be
raised for crowdfunding.
Communication can be
specifically targeted at high
potential funders, projects
and companies. To integrate
crowdfunding into financial
planning, business advisors,
bankers and accountants
can also be important
partners.
2. A roadmap for
legislation and
professionalization
With growth, comes
professionalization.
In several countries,
crowdfunding platforms
are formulating a Code
of Conduct to create a
common set of quality
standards. Next to selfregulation, legislation is
of importance to protect
investors and companies. In
relation to crowdfunding, it
is often unclear for platform
owners, funders, projects
and companies which
legislation applies and what
that effectively means at
an operational level. An
on-going dialogue between
crowdfunding platforms, the
government and financial
authorities is essential
to overcome barriers in
legislation and react in a
timely manner on undesired
developments.
3. Financing the growth of
platforms
A high growth potential
puts pressure on cash flow.
Crowdfunding platforms are
(besides a few exceptions)
relatively small companies.
This results in the challenge
of finding enough capital
to finance growth. It is
important to support
crowdfunding platforms in
realising growth to reach
a scale at which they can
contribute substantially
to providing access to
capital for projects, starting
companies and SME’s. Both
governments and venture
capital funds could prove
to be an essential partner
for financing the growth of
crowdfunding.
- Gijsbert Koren
10. Crowdfunding Data
Crowdfunding on the
internet is a fairly new
phenomenon. Although
established as a cultural
practice for centuries, digital
crowdfunding which we
have seen emerge in Europe
and in the US has brought
new models, fascinating
projects and new standards.
Along with these
developments, a wide range
of institutions have tried to
quantify this market – and
thus set standards for its
analysis. The differentiation
of equity-based, rewardbased, lending-based and
donation-based platforms,
as blurry as it is, came with
the desire to cluster the
platforms and make them
comparable.
The next step for the
industry will be to have
reliable data about the
market. I predict that we
will have institutions which
provide market data,
platform comparisons,
success statistics and
comparisons between
platforms. Right now,
with some 500+ platforms
worldwide, such an overview
for investors, donors and
project-owners is absolutely
necessary to simplify the
access to crowdfunding. It
will also give institutional
investors a way to use
crowdfunding as an asset
class, alongside traditional
forms of investments like
corporate bonds, equity
and government debt. It
will also allow the media
to distinguish trends from
hypes and make evaluations
based on real market-data.
At crowddata.eu we will
provide a lot of data for the
European market and make
it accessible for a wide
range of audiences. This
will be done in a constant
dialogue with the platforms
and other stakeholders.
- Karsten Wenzlaff
12. “
Crowdfunding is about citizen banking.
- Arnaud Poissonnier, President at Babyloan
Babyloan is a French social micro-lending platform
www.babyloan.fr
13. “
As more platforms become regulated, more investors
will see equity crowdfunding as a trusted, mainstream
avenue to grow their capital.
- Alysia Wanczyk, Marketing Director at Seedrs
Seedrs is an English equity based crowdfunding platform
www.seedrs.com
14. “
Crowdfunding is going to be a new and attractive
financing model in Europe and a serious alternative for
the financing of startups.
- Dana Melanie Schramm, Corporate
Communications at Seedmatch
Seedmatch is a German equity based crowdfunding
platform
www.seedmatch.de
15. “
In our information oriented world donors find it
increasingly important to know how their donations are
used. Donors prefer to give to projects where they feel
to be part of a bigger goal. Crowdfunding supports
these trends by clearly defined projects and goals with
the possibility to empower a large group of supporters.
Crowdfunding also brings the fun in fundraising by the
rewards an organization gives supporters back for their
donations.
Non-profit organizations now start to include
crowdfunding as an integrated part of their “online friend
and fundraising” strategy. In this strategy successful
non-profits will engage supporters and facilitate them
to contribute to the goals of the organization in the way
each individual supporter prefers.
- Jasper van Bladel, Director at Mobillion
Mobillion creates crowdfunding software
www.mobillion.nl
16. “
A new way to see ideas come to reality. For the US and
European countries, crowdfunding is a real opportunity
to overcome the crisis.
- Fabio Simonelli, Project Manager at Eppela
Eppela is an Italian reward based crowdfunding platform
www.eppela.com
17. “
We are just at the very begining in Europe. More and
more internet users become aware of what crowdfunding
is and how it works. Europe does not have much million
EUR projects at this stage, but that number will grow
quite soon. Politicians will begin to understand that
they should promote crowdfunding, and Europe will
have its own crowdfunding act. With the act in place,
it will be possible to fund even bigger projects through
crowdfunding.
- Arnaud Burgot, CFO at Ulule
Ulule is a reward based crowdfunding platform for all
European countries
www.ulule.com
18. “
Crowdfunding is a tool for society to allocate financial
resources to the projects and ideas they believe in. It
enables the society to shape the society without usage of
intermediates like the state or banks.
- Christin Friedrich, Director at Innovestment
Innovestment is a German equity based crowdfunding
platform
www.innovestment.de
19. “
Pan-European equity based crowdfunding for investors
of all backgrounds will be the future of crowdfunding,
with no limits to funding amount.
- Philipp Steinberger, CEO at c-crowd
c-crowd is a Swiss equity based crowdfunding platform
www.c-crowd.com
20. “
This is only the start of crowdfunding. More is to
come, particularly in the field of governance and public
infrastructure as well as at the level of local decisionmaking.
- Gregory Vincent, founder at Sponsume
Sponsume is a reward based crowdfunding platform
from the UK
www.sponsume.com
21. “
Facebook “likes” and crowdfunding donations are both
PR tools. However, people will be more attached through
funding.
- Konrad Lauten, CEO at Inkubato
Inkubato is an Austrian/German reward based
crowdfunding platform
www.inkubato.com
22. “
The global crowdfunding market will be 1000 billion
euros by 2020.
- Thierry Merquiol, CEO at WiSEED
WiSEED is an French equity based crowdfunding
platform
www.wiseed.fr
23. “
Equity based crowdfunding will grow strongly in the
coming years, given the high level of start-ups seeking
between € 100,000 and € 1 million.
However, the high risk nature of the proposed
transactions may result in the closure of many
platforms that will not have enough good projects
selected upstream. Indeed, if investors want to live an
entrepreneurial adventure, they also want to earn money.
Reward based crowdfunding will also grow strongly,
particularly for projects before creation (to test new
business).
- Anne Saint Léger, CEO at Finance Utile
Finance Utile is a French equity based crowdfunding
platform
www.financeutile.fr
24. “
Crowdfunding is and will be an essential tool to raise
money for every kind of activity, matching entrepreneurial
and social principles, practices and visions.
- Claudio Calveri, Senior Content Manager at DeRev
DeRev is an Italian donation and reward based
crowdfunding platform
www.derev.it
25. “
We believe that crowdfunding is a great tool that
can be applied to many different sectors. Platforms
promoting itself as non-specialised, will naturally become
specialised in the end, as communities will stick and give
colour to a platform.
- Alexandre Laing and Stéphane Vromman, founders
at Bulb in Town
Bulb in Town is a French crowdfunding platform for local
initiatives
www.bulbintown.com
26. “
Using mobile platforms and cyber currencies will be a
next step for crowdfunding.
- Angelo Rindone, founder at Produzioni dal Basso
Produzioni dal Basso is an Italian donation based
crowdfunding platform
www.produzionidalbasso.com
27. “
The future of equity-based crowdfunding will be
dominated by local investing platforms. Here’s why:
some people are interested in investing in specific
sectors (e.g. clean energy), whereas others want to
support specific individuals (e.g. African entrepreneurs,
female-led startups). However, everyone wants to
support their local economy. As such, we believe ‘local’
is going to be the major force that will drive equity-based
crowdfunding into the mainstream.
- Kristian de Groot, founder at Investeer Lokaal
Investeer Lokaal is a Dutch equity based crowdfunding
service
www.investeerlokaal.nl
28. “
Crowdfunding will bring news ways for Europeans to
exchange, relate, and exercise a collective force that
will reinforce European identity. In the field of energy,
crowdfunding will be a change maker that will empower
citizens and reveal the relevancy of regional solidarity. I
strongly believe that community-based financing is an
effective tool for European citizens to join forces for the
transition towards renewable energies.
- Alex Raguet, Cofounder and President at Lumo
Lumo is a French crowdfunding platform for renewable
energy projects
www.lumo-france.com
29. “
Crowdfunding is just part of the deeper peer-to-peer
revolution, that will empower citizens and give them back
control on their everyday life!
- Fabrice Carrega, CEO at Arizuka
Arizuka is a French reward-based platform
www.arizuka.com
30. “
Crowdfunding will make sure that every European citizen
will get a chance to become part of The Next Big Thing,
while more ideas and companies are put to the market.
- Daniel Daboczy, CEO at FundedByMe
FundedByMe is a European equity based crowdfunding
platform
www.fundedbyme.com
31. “
Reward based crowdfunding will be a democratization
of people’s chances, to support artists and startups they
belive in. No more curation by so-called experts - the
‘crowd’ decides with their money and entrepreneurs
have a new source of funding.
- Michael Eis, Founder at Booomerang
Booomerang is a Danish crowdfunding platform
www.booomerang.dk
32. “
In a few years, crowdfunding will be an established and
well-known financing tool for the film-industry worldwide.
But more importantly, it will be also embedded in the
overall communication strategies, as it supports the
filmmakers, the producers, the cast to be in touch with
their audience and get direct feedback in all “stages”
of the production and distribution process. This direct
link to the people will be crucial, not only in terms of
financing, but also marketing a movie. Hopefully there
will also be specialized film-crowdfunding platforms that
address all groups, filmmakers and moviegoers, and
will represent all their needs within one platform, from
communicating the idea of a film, financing of that idea
and then distributing the finished movie.
- Wolfgang Gumpelmaier, CEO at Gumpelmedia
Gumpelmedia has expertise on crowdfunding for the film
industry
www.gumpelmaier.net
33. “
Real money for realy projects.
- Reinhard Willfort, founder at 1000x1000
1000x1000 is an Austrian crowdfunding platform
www.1000x1000.at
34. “
Crowdsourcing and crowdfunding are transitioning us
into a more open, connected, and socially productive
society. At Crowdsourcing Week, our big, ambitious
goal is to get everyone thinking about collaborating with
their stakeholders to create shared value. Companies,
government and social enterprises can now interact with
their communities on a completely new level - through
more than just social media interactions. Imagine social
media turning into purpose-driven social productivity
- crowdsourcing and crowdfunding are driving this
revolution.
- Epirot Ludvik Nekaj, founder at Crowdsourcing
Week
Crowdsourcing Week organizes crowdsourcing events
around the world
www.crowdsourcingweek.com
35. “
Crowdfunding unleashes creativity.
- Vincent Ricordeau, co-founder and President at
KissKissBankBank
KissKissBankBank is a French crowdfunding platform
www.kisskissbankbank.com