This book, which has not been yet published, it is a recompilation of different chapters whit article structure. Each one has been written by different authors and explains independent topics from multiple contexts. Authors are academicians with a long experience in the field, so all chapters are outstanding for themselves.
In the last few years, small firms have had difficulties to finance their projects via the traditional bank system. A new type of financing has recently appeared in Europe and in particular in France: the crowdfunding. It is a method for funding a variety of new ventures, allowing individual founders of for-profit, cultural, or social projects to request funding from many individuals via Internet. This paper contributes to the literature by introducing this financial innovation and building a theoretical framework to explain its success. It is also discussed some more practical issues to enhance crowdfunding in France.
The article presents the status of the crowdfunding market in Italy and discusses its future prospects. After defining the crowdfunding phenomenon and highlighting its main elements, it presents the results from the Italian Crowdfunding Observatory, managed by the three authors at the Department of Management, Economics and Industrial Engineering of Politecnico of Milano.
Crowdfunding in Mexico: the power of digital technologies to transform innovation, entrepreneurship and economic inclusion
This report is one of the most exhaustive documents available about Mexican crowdfunding numbers and statistics. It shows the situation sorting data by region and by model taking into account the complete environment of the country (cultural, political, regulatory…). In addition, it makes future recommendations.
This thesis describes what crowdfunding is and how museums have used crowdfunding to date. It analyzes the key components that lead to a successful crowdfunding campaign. The thesis highlights three important museum case studies: Tesla Science Center’s Let’s Build a Goddamn Tesla Museum, the Smithsonian’s Freer-Sackler Together We’re One: Crowdfunding our Yoga Exhibit, and Conservation Center for Art and Historic Artifacts’ Pennsylvania Top 10 Endangered Artifacts. The case studies are presented alongside relevant literature on crowdfunding strategies and philanthropic trends. In addition, accountability and ethical concerns regarding crowdfunding are presented and discussed.
This document is a working document of the Commission services for consultation. The views presented in this document are not a final policy position nor do they constitute a formal proposal by the European Commission. However, it is a useful review of definitions and challenges and opportunities of crowdfunding.
The study identified the main crowdfunding models, the market development and trends, the positioning in financing market, the potential for innovation, the success factors for campaigns, a regulatory state of play in Europe and in some third countries, and the perspectives for an evolving regulatory landscape. The study provides initial concepts for self- or co-regulation in the sector in order to spur the development of the industry, whilst enhancing consumer protection and transparency.
Authors describe a first experiment in enterprise crowdfunding – i.e., employees allocating money for employee-initiated proposals at an Intranet site, including a trial of this system with 511 employees in IBM Research. Major outcomes include: employee proposals that addressed diverse individual and organizational needs; high participation rates; extensive interdepartmental collaboration, including the discovery of large numbers of previously unknown collaborators; and the development of goals and motivations based on collective concerns at multiple levels of project groups, communities of practice, and the organization as a whole. They recommend further, comparative research into crowd- funding and other forms of employee-initiated innovations.
Reward-based crowdfunding campaigns are commonly offered in one of two models: the “Keep-It-All” (KIA) model and the “All-Or-Nothing” (AON) model. Authors show that small, scalable projects are more likely to be funded through the KIA scheme, while large non-scalable projects are more likely to be funded through the AON scheme. Overall, KIA campaigns are less successful in meeting their fundraising goals, consistent with a risk-return tradeoff for entrepreneurs, where opting for the KIA scheme represents less risk and less return for the entrepreneur.
In this book chapter, it is discussed crowdfunding as an alternative way of financing projects, with a focus on small, entrepreneurial ventures. It is provided a description of crowdfunding and discusses existing research on the topic, putting crowdfunding into perspective of entrepreneurial finance and thereby describing factors affecting entrepreneurial preferences for crowdfunding as source of finance. It is elaborated different business models used to raise money from the crowd, in particular with respect to the structure of the crowdfunding process. Building on this discussion, it is presented and discussed extensively a case study, namely Media No Mad (a French startup). Finally it is concluded with recommendations for entrepreneurs seeking to make use of crowdfunding and with suggestions for researchers about yet unexplored avenues of research.
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