Download or read book Crowdfunding in the United States and European Union written by Irini Liakopoulou and published by . This book was released on 2020-07-30 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This original book is the first serious study investigating the crowdfunding phenomenon, which has developed deep meaning for various stakeholders benefiting from this funding collection mechanism and its innovative new role, especially in the processes of business creation and spread of entrepreneurship. The actors involved -promoters, supporters, and the platforms through which the campaigns are launched - constitute an ecosystem in continuous evolution, which has grown dramatically and allows for its further development. Irini Liakopoulou has conducted with the "multiple paper thesis" method in which original and innovative contributions are presented, applying new techniques and methodologies. The book's goal is to foster debate about crowdfunding, an under-researched topic whose implications are not fully understood but will be a vital part of social and economic life in the future.

Download or read book The EU Crowdfunding Regulation written by Pietro Ortolani and published by Oxford University Press. This book was released on 2022 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an in-depth and timely analysis of the EU Crowdfunding Regulation. Striking a balance between academic scrutiny and practical context, and drawing upon various aspects of financial law, consumer law, and dispute resolution, it is invaluable for practitioners and academics seeking to understand an innovative alternative mode of funding.

Download or read book Regulation on European Crowdfunding Service Providers for Business written by Eugenia Macchiavello and published by Edward Elgar Publishing. This book was released on 2022-12-13 with total page 929 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative Commentary boasts contributions from internationally renowned experts with extensive and diverse backgrounds, providing a comprehensive, critical, article-by-article and thematic analysis of the EU Regulation No 1503/2020 on European Crowdfunding Service Providers for Business (ECSPR). Chapters analyse Member States’ adaptation of their legal frameworks to the ECSPR, underlying similarities, divergences, additional problematic issues and residual regulatory fragmentation.

Download or read book Crowdfunding in Europe written by Dennis Brüntje and published by Springer. This book was released on 2015-08-20 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crowdfunding is becoming an increasingly popular method to finance projects of every kind and scale. This contributed volume is one of the earliest books presenting scientific and research-based perspectives of crowdfunding, its development, and future. The European Crowdfunding Network (ECN) and its scientific work group, together with FGF e.V., invited both researchers and practitioners to contribute to this first state-of-the-art edited volume on crowdfunding in Europe. This book contributes to a better comprehension of crowdfunding, encourages further fundamental research and contributes to a systematization of this new field of research. The book also features expert contributions by practitioners to enhance and complement the scientific perspective. This book can be used as a guideline and shall advance classification in an emerging research field.

Download or read book Crowdfunding for SMEs written by Roberto Bottiglia and published by Springer. This book was released on 2016-06-06 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crowdfunding for SMEs: A European Perspective provides a valuable insight into this new source of capital. In particular, the authors focus on financial return crowdfunding, which repays the crowd either through debt or equity. This source of capital might play a significant role in the future becoming an alternative or a complement to traditional funding sources. It is therefore of the uttermost importance to understand what has boosted its exponential growth in recent years, as well as the key drivers of success of P2P lending and equity crowdfunding campaigns on both the funders and the fundraisers side. Due to the financial nature of the return provided to the crowd, financial return crowdfunding has been the object of recent waves of regulation, although the European Union still lacks a set of common rules. The aim of regulation should be twofold, to protect investors and, at the same time, to favor the financing for SMEs. In this book, the authors explore such issues and the regulatory policies, while looking to the future of financial return crowdfunding as an evolving source of capital.

Download or read book Advances in Crowdfunding written by Rotem Shneor and published by Springer Nature. This book was released on 2020 with total page 543 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book presents a comprehensive and up-to-date collection of knowledge on the state of crowdfunding research and practice. It considers crowdfunding models and their different manifestations across a variety of geographies and sectors, and explores the perspectives of fundraisers, backers, platforms, and regulators. Gathering insights from a wide range of influential researchers in the field, the book balances concepts, theory, and case studies. Going beyond previous research on crowdfunding, the contributors also investigate issues of community, sustainability, education, and ethics. A vital resource for anyone researching crowdfunding, this book offers readers a deep understanding of the characteristics, business models, user-relations, and behavioural patterns of crowdfunding.

Download or read book How to Make Crowdfunding Work in Europe written by Dmitry Chervyakov and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Crowdfunding markets around the world have experienced significant growth rates in recent years. With an aggregate amount of almost €50 billion raised worldwide between 2010 and 2017, crowdfunding has attracted increasing economic, political and regulatory attention on the international level. However, many questions remain open on the proper design, implementation and feasibility of these markets, of which there are four general types: debt, rewards, equity, and charity (ranked by their respective volumes). The first three types of crowdfunding are comparable to existing sources of traditional financing and either complement or substitute for these sources. Investors thus expect returns or other financial benefits from these types of crowdfunding. The fourth type - charity-based crowdfunding - is purely philanthropic. The United States and United Kingdom are responsible for the majority of crowdfunding transactions. The share of European Union markets (excluding the UK) is still low, with negligible cross-border activity. We argue that the lack of a clear and consistent regulatory framework in Europe is a major obstacle to the development of these markets. The European Commission proposed in March 2018 a set of measures aimed at addressing the major shortcomings of the current regulatory framework and employing instead an EU-wide regime (European Commission, 2018b). The Commission's proposal moves in the right direction to provide a solid basis for the development of crowdfunding markets in Europe, but has at least three major shortcomings that need to be addressed. First, an EU-wide framework needs to have a precise and transparent legal definition of crowdfunding activities, eliminating any legal confusion for investors, enterprises and platforms. Second, such a framework requires a clear stance on investor protection. We suggest including in the proposal a more refined requirement for agents who want to invest more than a certain threshold amount to undertake a 'qualified investor test'. Third, the proposal would limit crowdfunding offers to €1 million per project over a period of 12 months. We argue that this threshold is too restrictive and should be raised to €5 million in order to enable the frictionless development of investment-based crowdfunding in Europe. Policy.

Download or read book A Critical Analysis of Crowdfunding as an Alternative Form of Financing for Startups in Europe written by Lukas Schmitz and published by GRIN Verlag. This book was released on 2016-05-31 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelorarbeit aus dem Jahr 2016 im Fachbereich BWL - Investition und Finanzierung, Note: 2,0, FOM Essen, Hochschule für Oekonomie & Management gemeinnützige GmbH, Hochschulleitung Essen früher Fachhochschule (FOM Hochschule für Oekonomie & Management), Sprache: Deutsch, Abstract: The aim of this paper is to evaluate whether crowdfunding is a realistic form of financing for startups in Europe. Therefore, theoretical principals of startup financing, as well as crowdfunding and its different dimensions, have to be scrutinized further. Moreover, a general overview of the European startup and crowdfunding market has to be provided. This paper focuses on commercial startups located in the member states of the European Union. This paper begins with an introduction of the theoretical principles of startup financing. After a brief definition of startups, the occasions for obtaining financing are pointed out in the context of the life cycle model of a venture. In this regard, traditional forms of startup financing and the related issues are analysed. A more detailed look is also taken on the issue of information asymmetry. Chapter 3 deals with crowdfunding as a source of financing. After an overview of the evolution of crowdfunding, this concept is examined in greater detail. Specifically, the definition and basics of crowdfunding, the main actors and the different forms of crowdfunding are presented. Next, this chapter deals with a typical process of establishing and running a crowdfunding campaign. The end of this chapter deals with the determinants of success of a crowdfunding campaign. In Chapter 4, the European startup and crowdfunding markets are evaluated. Besides facts on these markets, this chapter also deals with insights into the European legal framework in the field of crowdfunding. Moreover, relevant platforms in Europe are presented. The chapter ends with a practical example of a crowdfunding campaign in Europe. In Chapter 5, traditional forms of financing are compared to the relevant types of crowdfunding in Europe. After equity-based crowdfunding is compared to BAs and VCs, lending-based crowdfunding is compared to bank financing. The end of the chapter deals with the comparison of reward-based crowdfunding to financial boot-strapping. In the last chapter, the investigative results are summarized and the achievement of the objective is evaluated. The paper concludes with a prospect of the development of crowdfunding in Europe.

Download or read book Crowdfunding European Business written by Antonella Francesca Cicchiello and published by Taylor & Francis. This book was released on 2024-03-14 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book questions the ability of crowdfunding (especially in the lending and equity-based models) to contribute to the development of European businesses, and therefore, to the relaunch of the European economy. Following a mainly micro (firm-based) approach, the study investigates the advantages of crowd investors’ increased role both in making financial resources available to the industrial base, thus reinvigorating economic growth across the European Union. The book reframes contemporary issues surrounding corporate finance and develops relevant knowledge to help companies succeed when it comes to securing the means to grow. It provides new and interesting insights into the alternative finance market, in light of the global financial crisis and the COVID-19 pandemic. The book describes the main alternative finance models which include not only lending and equity-based crowdfunding, but also marketplace lending, balance sheet lending, invoice trading, securities, real estate crowdfunding, and profit-sharing. It also analyses the due diligence process and other value-added services provided by platforms and backers. The book outlines a systematic understanding of crowdfunding as a substitute or complement to other forms of entrepreneurial finance and unpacks some of the misunderstandings surrounding the crowdfunding industry and its future evolution. The conclusions reached can be of help to entrepreneurs who have limited knowledge of the crowdfunding tool and the associated benefits. As such, this book is a valuable resource for students, researchers, professionals, and practitioners interested in discovering or better understanding the crowdfunding process, its characteristics, and the range of players in this market.

Download or read book Crowdfunding in the EU written by Thomas Dulak and published by . This book was released on 2018 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Unleashing the Potential of Crowdfunding in the European Union written by and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions.

Download or read book Cross Border Crowdfunding Towards a Single Crowdfunding Market for Europe written by Dirk A. Zetzsche and published by . This book was released on 2017 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crowdfunding has experienced rapid growth in some EU Member States. However, home bias by investors and regulatory barriers prevent the crowd and the project from moving freely across borders. Crowdfunding has, for the most part, remained a phenomenon of those larger Member States that 'draw a crowd', with a population large enough to make a crowdfunding website an economically feasible undertaking. In turn, crowdfunding has remained a mainly national issue, prompting the European Commission to conclude that there is no need for a harmonization of crowdfunding rules in Europe. In contrast to the European Commission's Capital Market Action Plan, this paper takes the view that national limitations on crowd investing and crowd lending de facto are the result of limits de iure. Given that no European passport is tailor made or fits crowdfunding, this source of financing is doomed to remain national. Moreover, with different legal requirements in Member States, European law hinders the development of cross-border crowdfunding within the region. This is particularly true for smaller Member States whose populations are too small to constitute 'a crowd'. This paper details how European regulators could facilitate a Single European Crowdfunding Market while limiting both the risks for investors and the regulatory burden for crowdfunding platforms and recipients. In light of the regulatory experience with other financial products and the segregating effect of product-based approaches, many of which exist in the EU/EEA Member States, we believe existing product regulation is insufficient to enable a European cross-border crowdfunding market. Instead, regulation based on the 'MiFID light' framework could function as basis for a cross-border crowdfunding manager passport, given the minimum protection it affords both investors and the financial system, and the low costs it imposes on the platform. Following the (1) too-small-to-care, (2) too-large-to-ignore, and (3) too-big-to-fail development path of FinTech business models, we suggest adding a relevance threshold of EUR250,000 in transaction volume to the MiFID light framework and imposing regulation to address systemic risk concerns for very large crowdfunding platforms that may arise in the future.

Download or read book Examining Crowdfunding Options for Computer Software written by Omolade Zainab Adeyemi and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Computer software is a distinctive intellectual property good, which importance increased with the introduction of personal computers. It has since gained traction with the IoT and the current industrialization wave. It is the subject of much regulatory and legal argument as a result of its capital generation and economic development capabilities. Nevertheless, software programmers, as with other start-ups, have difficulty in financing the development of their ideas and reducing the same to use. This difficulty arises from the unwillingness of the traditional financial institutions to provide adequate financial support.This thesis, therefore, introduces crowdfunding as an alternative source of finance that can cater to these deficiencies. As an emerging and highly curated model by millennials and SMEs, crowdfunding is also the recipient of major debates on the suitable mode of regulation. By restricting the analysis of the legal issues that plague the crowdfunding of software to the European Union and the United States of America, this thesis explores the perceivable advantages and disadvantages. Particularly, the thesis seeks to explore the fundamental intellectual property problem that comes from exposure of ideas before protection. It also examines the possibility of adopting crowdfunding solely for economic exploitation. The thesis then analyses the possible modifications that can be entertained under the current intellectual property rights regimes to ensure that project owners on crowdfunding platforms do not jeopardize their proprietary rights. Due to the uncertainty that trails the crowdfunding process, especially as some platforms would not release the funds, where the goal is not met, the thesis highlights the need to tread carefully when deciding on a business strategy by an IP owner.

Download or read book Unlocking the Crowdfunding Potential for the European Structural and Investment Funds written by and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Cohesion Policy is one of the key instruments of the European Union to promote harmonious development and to reduce disparities among regions, thus strengthening economic and social cohesion. Acting towards this ambitious goal requires innovative policy mechanisms that crowd in private investments to address the diverse market needs and mitigate market failures, while at the same time improving the efficiency and usefulness of public spending. In this context, crowdfunding has emerged as a new source of finance. Innovators, social entrepreneurs, non-profit organisations, SMEs or any citizen can use crowdfunding to attract resources from investors to finance their business ideas through digital platforms, thus contributing to the democratisation of access to finance. The development of crowdfunding presents an opportunity for ESIF Managing Authorities (MAs) to leverage on these platforms to channel resources towards segments of the market that are currently not covered by traditional financing players, but that are pivotal for the economic and social development of the European Union. This report explores synergies between the Cohesion Policy and crowdfunding by assessing the strategic, operational and legal considerations of combining ESIF with crowdfunding, and presenting several case-studies and blueprints that could be used by MAs as a first step when investing in crowdfunding.

Download or read book Crowdfunding in the Public Sector written by Regina Lenart-Gansiniec and published by Springer Nature. This book was released on 2021-07-27 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, crowdfunding has become important and it has been enthusiastically used not only by commercial organizations but also by the public sector. This alternative source of financing in times of constrained government budgets enables citizens to vote with their dollars online to bring ideas into reality. This book sheds light on the developing concept of crowdfunding in the public sector, with an overview of current academic discussions and best practices on crowdfunding in the public sector. The volume approaches crowdfunding in the public sector from an integrated perspective, addressing the dearth of publications on the subject. The book gathers a wealth of theoretical information, ideas, best practices and lessons learned in the context of executing concrete crowdfunding projects, and assess methodological approaches to integrating the topic of crowdfunding in public organizations curricula. The book provides definitions, insights and examples of this managerial perspective resulting in a theoretical framework of crowdfunding in the public sector. The contributors also explore different crowdfunding applications in public sectors such as local government, higher education, schools, arts & culture organizations, healthcare, energy sector, and police services, which are presented in several case studies. This is a unique book in the field that points the way forward both for policymakers and for the research community in terms of thinking about crowdfunding in the public sector and the complex issues surrounding its development.

Download or read book Crowdasset Crowdfunding For Policymakers written by Oliver Gajda and published by World Scientific. This book was released on 2020-06-03 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crowdfunding is already transforming the way many entrepreneurs and enterprises around the globe think about community engagement and fundraising for various causes. This book puts forth the belief that policymakers, public servants and various governments, municipalities and regions can significantly benefit from crowdfunding through employing crowd-related mechanisms within their frameworks and using their crowd as an asset — a crowdasset. Using real-world examples, this book explores the opportunities presented by crowdfunding and crowdfunded innovation, and how major policymakers are already using crowdfunding and crowd mechanisms to accelerate innovation, engagement and community transformation. A guide for those involved in crowdfunding, CrowdAsset brings readers through the journey of maximising crowd impact.

Download or read book Cultural Crowdfunding written by Vincent Rouzé and published by University of Westminster Press. This book was released on 2019-11-29 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new book analyses the strategies, usages and wider implications of crowdsourcing and crowdfunding platforms in the culture and communication industries that are reshaping economic, organizational and social logics. Platforms are the object of considerable hype with a growing global presence. Relying on individual contributions coordinated by social media to finance cultural production (and carry out promotional tasks) is a significant shift, especially when supported by morphing public policies, supposedly enhancing cultural diversity and accessibility. The aim of this book is to propose a critical analysis of these phenomena by questioning what follows from decisions to outsource modes of creation and funding to consumers. Drawing on research carried out within the ‘Collab’ programme backed by the French National Research Agency, the book considers how platforms are used to organize cultural labour and/or to control usages, following a logic of suggestion rather than overt injunction. Four key areas are considered: the history of crowdfunding as a system; whose interests crowdfunding may serve; the implications for digital labour and lastly crowdfunding’s interface with globalization and contemporary capitalism. The book concludes with an assessment of claims that crowdfunding can democratize culture.