Synopsis:
Entrepreneurship: Crowdfunding:
(Focus) Eunika Mercier-Laurent-The Innovation Biosphere_ Planet and Brains in the Digital Era-Wiley-ISTE (2015).pdf
some are trying crowdfunding. The evaluation and management of return on investment and benefits, in particular for research, will be improved.
and crowdfunding may accelerate the process. This open system of user-centric and sharing-based innovation approach requires new types of IPR to foster sharing
and service innovation and introduced a social innovation as crowdfunding the applicants are encouraged to find complementary private funds to succeed with their projects.
e-invoicing, e-identity, e-procurement and crowdfunding. Smart City represents an innovation in city management
and the amount of allocation in France and Europe is decreasing to encourage crowdfunding. The funds are allocated not always to the right projects
2014 Irish Entrepreneurship Forum Report.pdf
in startups 6. 2. Crowdfunding 6. 3. Access to credit 6. 4. Ease strain on cash-flow via prompt payments 7. Public Policy 7. 1
and would become taxed on a final sale of the EII stock. 6. 2 Crowdfunding Crowdfunding is an exciting new form of raising capital that offers real opportunities in the area of alternative finance for startups.
Crowdfunding can refer both to funding through sales revenue for purchased products (as in Kickstarter
using social networks with crowdfunding platforms to finance their businesses and projects. The United states and other markets are experimenting with crowdfunding extensively at this time.
No doubt these experiments will yield both disasters and frauds, as well as successes and best practices. The Forum is of the view that it is best to take a‘laissez faire'approach to crowdfunding at this time.
The industry needs time to‘establish itself'in Ireland and should not be overburdened by regulation before the required platforms have been given the time to grow
2014 Irish Government National Policy Statement on Entrepreneurship in Ireland.pdf
including crowdfunding etc. State Bodies Group D/Finance & DJEI) Maximise the drawdown of funding instruments under COSME and Creative Europe.
2015 Ireland Action Plan for Jobs.pdf
and crowdfunding can be a valuable source of funding to micro and small businesses either as a complement to traditional bank funding
A GUIDE TO ECO-INNOVATION FOR SMEs AND BUSINESS COACHES.pdf
A guide to eco-innovation for SMES and business coaches. 56 eco-innovation observatory What is crowdfunding?
Crowdfunding is a peer-to-peer funding model that offers transparency and a sense of community for both funder and entrepreneur.
Tips for establishing a crowdfunding campaign Consider the proposition and scope for tiers of rewards alongside the environmental impact of the proposition and establish a clear link between the reward
As a result of their experience Enviu has established Impactcrowd, a crowdfunding platform for European ecoinnovators. Crowdfunding for eco-innovators 14 www. environmentalleader. com/2013/01/09/impact-investing-to-hit-9-billion-in-2013/Get your eco-innovation idea off the ground:
lead questions Eco-innovate! A guide to eco-innovation for SMES and business coaches. 57 eco-innovation observatory Good practice examples In the US Mosaic (www. joinmosaic. com) targets small businesses
and ANI (As Nature Intended)( www. anibrand. com) vegan Barefoot shoes were funded both by Kickstarter (www. kickstarter. com). Learning Resources A Directory of crowdfunding platforms www
. crowdsourcing. org/directory Choose the category as Crowdfunding and then country. Results can be filtered by sub-category for donations, equity or lending.
A Hitchiker 's Guide to Digital Social Innovation.pdf
crowdsourcing and crowdfunding, big data visualisation and analytics, P2p production and consumption, edemocracy and eparticiaption. Crowdsourcing refers to a platform for on-line distributed problems and a network of coordinated human‘problem solvers'.
It does so through its crowdfunding and crowdsourcing platform. It ran three open calls at European level,
Case study analysis report of online collaboration and networing tools for Social Innovation.pdf
and volunteers-Online crowd-resourcing and crowdfunding (mirco-finance) based on website for project registration, finding,
or low cost online‘crowd-resourcing'and crowdfunding (mirco-finance) based on website for project registration, finding,
Although dothiv is not a typical crowdfunding platform, we can borrow the knowledge we have about them to inform the likely picture we get about dothiv:
including crowdfunding and micro-donations Dothiv-funds generated and forwarded to support HIV/AIDS projects/organisations.
and campaigning with elements of crowdfunding (making use of an established and highly successful platform both as a role model and a provider of ICT infrastructure).
Online networks enabling the aggregation of individual or other forms of diverse funding, through for example micro financing or crowdfunding,
Collective Awareness Platforms for Sustainability and Social Innovation_ An Introduction.pdf
and Goteo, a Spanish social network for crowdfunding and distributed collaboration (services, infrastructures, micro-tasks and other resources) for encouraging the independent development of creative and innovative initiatives that contribute to the common good, free knowledge,
Develop alternative collaborative approaches to problem solving (crowdsourcing, crowdfunding, participatory design, collective intelligence, collective decisions. Actively engage, innovate and act, individually or collectively, towards societally, environmentally, political and economically sustainable approaches and solutions to tackle societal challenges:
and from their collaboration on the impact assessment approach to be used on the crowdfunding platform of CHEST.
Conference_Documentation_Museums in the Digital Age.pdf
Museo Palazzo Madama and its crowdfunding campaign. Enrica Pagella 39 The'total museum'.'Jorge Wagensberg 43 The Future of the EU Cultural Strategy 47 Introduction:
With a focus on citizen collaboration, Enrica Pagella details the Museo Palazzo Madama's successful crowdfunding campaign,
and acts. 39 Enrica Pagella examines the successful crowdfunding campaign of the Museo Palazzo Madama that restored an important work of art, an 18th century Meissen porcelain service, back to the region.
She attributes the success of the crowdfunding campaign to three main factors: the quality of the service itself, quality of the organisational process and the quality of the participatory approach.
which came in the form of a crowdfunding campaign, was the Museo Palazzo Madama's only hope in acquiring the work of art
With an acquisition budget of €0, the museum launched the first Italian museum crowdfunding campaign as its only alternative to acquire a 42-piece Meissen porcelain service dating from around 1730,
The success of this crowdfunding campaign can be ascribed to three main factors: quality of the artwork, quality of the organisational process and quality of the museum's participatory approach. 1. Quality of the artwork:
Museo Palazzo Madama and its crowdfunding campaign. Enrica Pagella 40 41 d'Azeglio, a family that played a leading role in modern Italian history and
and the city through crowdfunding the campaign to acquire the service. 2. Quality of the organisational process:
All of these had paved the way for the success of the crowdfunding campaign by creating a sense of community that generated an emotional connection that people feel
'FACING SUCH AN EXCITING STORY, THE PUBLIC ANSWERED THE CALL TO PLAY THE PART OF REAL"ACTORS"BY ENSURING A HAPPY ENDING FOR BOTH THE MUSEUM AND THE CITY THROUGH CROWDFUNDING THE CAMPAIGN'.
Deloitte_Europe's vision and action plan to foster digital entrepeneurship.pdf
On the other hand, the growing importance of alternative financing channels like crowdfunding platforms cannot be neglected. Figure 14 shows that the amount raised globally by crowdfunding platforms in 2012 equals €2. 2 billion
almost twice the amount raised in 2011 (€1. 1 billion), and successfully funded more than 1 million campaigns.
In Europe, the amounts raised by crowdfunding platforms grew 65%to €0. 7 billion. For 2013, Massolution forecasts an increase in global crowdfunding volumes up to €3. 9 billion18.
Figure 14 Amount raised by crowdfunding platforms (€ billions) Source: World Economic Forum (2012), Crowdsourcing. org & Massolution;
Deloitte analysis Innovative and growth-oriented SMES and entrepreneurs often depend on capital from external sources as they do not have their own resources
crowdfunding might be one of the solutions for restoring capital to entrepreneurs and SMES. According to the 2012 Crowdfundingframework. eu report‘A framework for European crowdfunding'
crowdfunding can not only provide start-up capital for SMES and entrepreneurs, it includes several nonfinancial benefits:
validation of product features, market segmentation, price and demand, pre-sales and customer feedback as well as word-of-mouth marketing and a stable, committed shareholding structure.
it did not include crowdfunding as an alternative, viable option for finance. As crowdfunding is continuing to boom,
Member States are taking different actions, resulting in a European legal and regulatory framework leaving too much opportunity for fragmentation and 18 Massolution (2013).
The crowdfunding industry report 19 European commission (2011. An action plan to improve access to finance for SMES 2012 2013 (est.)2. 2 2011 1. 1 2010 0. 7 2009 0. 4 3
. 9 The amounts raised by crowdfunding platforms are growing significantly 32 making it difficult to access finance across borders.
The Prospectus Directive20, for instance, offers freedom to Member States to implement a country-specific promotional regime for crowdfunding campaigns
alternative forms of financing for start-ups and SMES in general and crowdfunding platforms in particular. Furthermore, the Green Paper on long term investment23 has formulated a specific question on crowdfunding,
aimed at receiving different views on this topic and reviewing the impact on regulation. Also, the 2013 Commission Staff Working Document'Strengthening the environment for Web entrepreneurs in the EU'24 proposes an action with regard to venture capital
and crowdfunding, aiming at supporting a network of European crowdfunding platforms to support, provide visibility, transparency and interconnectivity among existing EU crowdfunding platforms.
Looking at access to equity financing the 2011 EU survey‘SMES'Access to Finance'states that equity finance was used by only 7%of SMES,
and entrepreneurs a barrier to accessing finance. 33 crowdfunding'indicates that SMES often fail to attract venture capital finance as a result of information asymmetry between entrepreneurs and investors.
ACTION 16 Harmonisation of crowdfunding policies Harmonisation of the single market with regards to crowdfunding by listing various national crowdfunding policy frameworks and providing an overarching European policy structure
Description Carry out a study on the various crowdfunding policy frameworks in the Member States. Develop an overarching European policy structure in order to harmonise national regulations and policies.
Reduce the administrative burden for crowdfunding platforms, simplifying the licensing requirements for these platforms. Develop awareness campaigns among stakeholders and decision makers for the opportunities of crowdfunding.
Support research on the impact of new forms of funding for entrepreneurs. Use the success of crowdfunding as an example of how digital technologies can impact business models. 4 Impact:
LOW Effort: MEDIUM 4 Impact: LOW Effort: MEDIUM 60 Owner: European commission Member States Private partners Getting access to early-stage growth capital remains one of the challenges facing young entrepreneurs.
Crowdfunding provides a response to this challenge. Crowdfunding is offered in different Member States, but different rules and conditions apply in the different Member States making it difficult to provide a harmonised environment in this respect for all digital entrepreneurs independently of the Member State in which they operate.
Taking action to harmonise the different rules and conditions among the Member States will also provide an environment promoting cross-border collaboration.
instruments 14 Tax incentives for a capital gains tax rollover relief for shares 15 Implementation of the European Intellectual Property framework 16 Harmonisation of crowdfunding policies 17
16) Harmonisation of crowdfunding policies Harmonisation of the single market with regards to crowdfunding by listing various national crowdfunding policy frameworks and providing an overarching European policy structure in order to harmonise
A Framework for European Crowdfunding-Empirica Gmbh & IDC Government Insights (2013. e-Skills for Competitiveness and Innovation:
The crowdfunding industry report-Research and Markets (2011. Gatorade Case study: Using Consumer Segmentation and Social media to Drive Market Growth-Tesco PLC (2012.
Digital Agenda 2014-2017 - Germany.pdf
zzimproving the financing conditions for start-ups by creating an internationally competitive environment for venture capital and crowdfunding;
Digital Opportunities_ Innovative ICT solutions for youth employment.pdf
38 6. 3 Crowdfunding, contests, and other sources of capital...39 6. 4 Toolkits and training programmes...
and business ventures to be conceived. 141 6. 3 Crowdfunding, contests, and other sources of capital Funding is crucial to nearly every start-up.
This includes crowdfunding and contests, as well as new venture capital initiatives focused on the developing world. Crowdfunding is the collective effort of individuals who network and pool their money, usually via the internet,
to support an entrepreneur's business. Crowdfunding platforms have become a popular way for entrepreneurs to get funding without giving up equity
and it is expected that start-ups will continue to 137 World bank, Information and Communications for Development 2012:
Innovative ICT solutions for youth employment 40 turn to crowdfunding as one of their primary sources of investment capital.
According to Forbes, crowdfunding will generate USD 500 billion in transactions in 2013.142 Venture capital for Africa is an example of a crowdfunding model to connect entrepreneurs building promising companies in Africa with investors from some 159 countries
www. oasis500. com 142 Devin Thorpe, Why Crowdfunding Will Explode In 2013, Forbes, October 15, 2012,
www. forbes. com/sites/devinthorpe/2012/10/15/get-ready-here-it-comes-crowdfunding-will-explode-in-2013/.
Why Crowdfunding Will Explode In 2013 Forbes, October 15, 2012. www. forbes. com/sites/devinthorpe/2012/10/15/get-ready-here-it-comes-crowdfunding-willexplode-in-2013/.
/UN Focal point on Youth. What Are the Up-and-coming Areas for Youth employment in Your Country? UN World Youth Report Website.
Crowdfunding The collective effort of individuals who network and pool their money, usually via the internet, to support an entrepreneur's business.
DIGITAL SOCIAL INNOVATION A Hitchiker 's Guide to Digital Social Innovation.pdf
crowdsourcing and crowdfunding, big data visualisation and analytics, P2p production and consumption, edemocracy and eparticiaption. Crowdsourcing refers to a platform for on-line distributed problems and a network of coordinated human‘problem solvers'.
It does so through its crowdfunding and crowdsourcing platform. It ran three open calls at European level,
DIGITAL SOCIAL INNOVATION Collective Awareness Platforms for Sustainability and Social Innovation.pdf
and Goteo, a Spanish social network for crowdfunding and distributed collaboration (services, infrastructures, micro-tasks and other resources) for encouraging the independent development of creative and innovative initiatives that contribute to the common good, free knowledge,
Develop alternative collaborative approaches to problem solving (crowdsourcing, crowdfunding, participatory design, collective intelligence, collective decisions. Actively engage, innovate and act, individually or collectively, towards societally, environmentally, political and economically sustainable approaches and solutions to tackle societal challenges:
and from their collaboration on the impact assessment approach to be used on the crowdfunding platform of CHEST.
DIGITAL SOCIAL INNOVATION Growning a Digital Social Innovation Ecosystem for Europe.pdf
with least activity around DSI science and technology projects (110) and DSI finance and economy solutions, such as crowdfunding for social good projects (104).
New financial instruments (such as crowdfunding, challenges and prizes) should be experimented with through R&d funding, while support to Innovation Spaces (such as Fab Labs, hackerspaces and makerspaces) should be increased. 4. Enable some of the radical and disruptive innovations emerging from DSI such as new approaches to money, consumption, democracy,
It includes crypto digital currencies, new forms of crowdfunding and financing, new platforms for exchanges and sharing resources based on reputation and trust.
Goteo is a social network for crowdfunding and distributed collaboration (services, infrastructure, micro tasks and other resources) for encouraging the independent development of creative initiatives that contribute to the common good, free knowledge and open code.
The team turned to‘the crowd'via crowdfunding platform, Kickstarter, to finance the device and help launch a sensor network where bgiegie owners could share the data they were collecting.
Finally, crowdfunding platforms serve as intermediaries to link people and to stimulate and fund new ideas.
including crowdfunding and P2p lending that has been documented deeply by Nesta in the UK14 36 Growing a Digital Social Innovation Ecosystem for Europe Case studies categorised into the 6 different types of DSI COLLABORATIVE ECONOMY FUNDING ACCELERATION
for example relied on open hardware to build the first Geiger counter sensor kit, on Crowdfunding to fund the development of kit,
social media, crowdsourcing, crowdfunding, big data, machine learning, 3d printing, online learning and e-petitions. The main technological trends in DSI 0100 200 300 400 Arduino Smart Citizen Kit Fairphone Safecast OPEN NETWORKS Tor Confine Guifi. net Smart
and to participate in e-campaigns, crowdfunding etc. Furthermore, the ability to access, use, and reuse without financial, legal,
The project was developed originally within the Fab Lab Barcelona at the Institute for Advanced Architecture of Catalonia and crowdfunded via the Goteo and Kickstarter crowdfunding platforms.
Cityofedinburghcouncil Universityofedinburgh Cityofeindhoven MADEMERGENTARTCENTER CMC2COMMUNITYINTERESTCOMPANY Coexisthance Communiaassosiation NEXA Consorziotiberina Riverwatch/Tevere Coventryuniversity Fundaciói2cat Crowdfunding. pl Myseed crowdsourcing CUBITSCARL DCLG Deheerprojecten
Cityofedinburghcouncil Universityofedinburgh Cityofeindhoven MADEMERGENTARTCENTER CMC2COMMUNITYINTERESTCOMPANY Coexisthance Communiaassosiation NEXA Consorziotiberina Riverwatch/Tevere Coventryuniversity Fundaciói2cat Crowdfunding. pl Myseed crowdsourcing CUBITSCARL DCLG Deheerprojecten
start-ups and social innovators Taxes Crowdfunding & Challenge Prizes Open access Open standards Interoperability Open licensing Open platforms Open Data privacy-aware technologies
Seed funding and crowdfunding are also two important instruments. Although previous analysis and policy actions28 focus on the role of VC or business angels,
CROWDFUNDING SEED FUNDING & CHALLENGE PRIZES Crowdfunding should be included in thinking about the future of DSI.
The European commission should start promoting more crowdfunding tools, involving the community in choosing the best projects to be funded,
as part of their R&d programmes. Crowdfunding allows people to have the opportunity to support what they consider to be an attractive idea
and to help someone else's dream to become a reality, while simultaneously getting benefits from the new product,
eciprocity being one element of crowdfunding. 70 Growing a Digital Social Innovation Ecosystem for Europe Crowdfunding platforms In Spain,
peer-topeer consumer lending, equity crowdfunding, community shares, pension-led funding and invoice trading). In 2012, more than $2. 7 billion was raised through crowdfunding worldwide helping to fund more than one million new projects.
The main crowdfunding platforms are Kickstarter and Goteo but there are also plenty of other platforms that are gathered in the directory of crowdfunding platforms Crowdingin39,
operated by Nesta (in the UK). ) The platform Citizinvestor is an American portal where public projects such as new bins in the city,
or high bike racks, or playground installations are funded by citizens themselves. Seed funding is a very early-stage investment,
Seed money options include friends and family funding, angel funding and crowdfunding. Seed funding is aimed mainly at start-ups and ventures.
but could also be through public private partnerships or crowdfunding. TRANSITION project A good example to foster a European networks of incubators is funded the European commission TRANSITION project.
& NETWORKING TRAINING DSI networking and crowdfunding platform Fabacademy 5. 4 DISSEMINATION & LEARNING Growing a Digital Social Innovation Ecosystem for Europe 81 Firstly,
possibly linking crowdmapping to crowdfunding and other bottom-up incentives mechanisms such as Prizes and Challenges. Thirdly, knowledge sharing is key.
and crowdfunding platforms to manage and distribute assets (financial as well as nonfinancial) between citizens in different EU countries.
prizes and crowdfunding. 2. Increase early-stage seed funding programmes and other types of nonfinancial support that are vital in helping innovators experiment with
http://www. impacthub. net/Accessed 29th january 2015 Page 71 Lendingmemo. com (2013) Crowdfunding online Flickr, Simon Cunningham Available from:
DIGITAL SOCIAL INNOVATION Guide to social_innovation_2013.pdf
Crowdfunding is a new tool to finance projects or startup companies which is becoming increasingly popular.
DIGITAL SOCIAL INNOVATION social_innovation_decade_of_changes.pdf
107 3. 2. 5. Crowdfunding for social entrepreneurs...108 3. 2. 6. The EIF impact investing scheme...
new sources of finance are appearing (EU funding possibilities, crowdfunding, more access to public procurement, etc.)
but also to associated financial innovations such as social impact bonds or crowdfunding. As explained in sub-section 1. 4. 2,
Eusef, Easi, public procurement, crowdfunding. Progress is being made through innovative financial schemes, the interest of a large community of financial actors and a wide-ranging and active debate (within GECES, G8, etc.
of one form of social innovation crowdfunding looking at related concepts of social payments, social money and social banking.
This will, inter alia, inform the Commission's follow-up work to the Communication Unleashing the potential of Crowdfunding in the European Union141. 2. 4. 5. Innovation for a Sustainable Future The Eco-innovation Action Plan (Ecoap) The Eco
The European commission's microcredit circuit. 3. 2. 5. Crowdfunding for social entrepreneurs The European commission recognises the potential in crowdfunding to help bridge the finance gap for projects such as social enterprises,
The European commission conducted a public consultation exercise on crowdfunding in late 2013 to explore the benefits
The consultation revealed that stakeholders believe that crowdfunding offers numerous important benefits to a wide range of actors
lack of information concerning the rules applicable to crowdfunding, potential risks, such as the risk of fraud or misleading advertising,
or investment risks related to financial-return crowdfunding, as well as the high cost of cross-border operation for crowdfunding platforms that host campaigns offering financial returns.
The European commission adopted a Communication Unleashing the potential of Crowdfunding in the European Union179 on 27 march 2014.
This Communication sets out the policy approach of the Commission to crowdfunding and a set of measures to promote the growth of this form of finance,
while addressing the above challenges. During the course of 2014, the Commission set up an expert group, the European Crowdfunding Stakeholder Forum,
in order to help it to raise awareness, promote education and training for users of crowdfunding, and assess the existing self-regulatory frameworks in terms of improving transparency and reducing the risks of fraud.
The Commission will also hold regulatory workshops with Member States to discuss any obstacles related to cross-border activities.
the work of various stakeholders and the regulatory workshops the state of EU and domestic regulatory frameworks applicable to crowdfunding,
DIGITAL SOCIAL INNOVATION The-Open-Book-of-Social-Innovationg.pdf
£100k-£5 million, alongside debt. 148) Crowdfunding. Instead of raising funds through banks and other intermediary institutions, the web opens up the possibility of making new types of connections and raising finance from potential consumers.
Experiments in‘crowdfunding'potentially enrich the gift relationship, and democratise the sector's source of finance. 416) Intermediaries for contributions in kind provide labour
A number of these, like public share issues, funding through cooperative subscription and crowdfunding are discussed in section 4 on Sustaining.
32 Creative Commons 200 Credit unions 188 Crisis 15 Crowdfunding 79; 172 Cruz, Teddy 36 Curitiba 14;
Digital Social Innovation_ second interim study report.pdf
Crowdfunding platforms are an interesting example. They serve as an intermediary between the funder and the person or organization looking for funding.
which the crowdfunding platforms can be subdivided. One of them is Goteo85), a social network for crowdfunding and distributed collaboration (services, infrastructure, microtasks,
and other resources) for encouraging the independent development of creative and innovative initiatives that contribute to the common good, free knowledge and open code.
Many other crowdfunding platforms can be found at Crowdingin86, (a directory of crowdfunding platforms operated by Nesta that facilitates individuals or organisations in the United kingdom raising money from the crowd.
Finally, this community also presents some failures, which, as with other communities, mainly have to do with the lack of linkages.
and others (mainly crowdfunding platforms) display a list of projects that need citizens'input. In section 5. 4, we have referred already to online platforms for both crowdsourcing and crowdfunding initiatives.
There are several classifications of types of platforms, although there is some overlap between them. One of them is related to the organisation that sets up the platform:
and 4) crowdfunding (it offers financing to individuals or groups). Dawson & Bynghall (2012) use a six-category classification of platforms.
dsi-report-complete-EU.pdf
and many sharing economy platforms such as Peerby and Goteo creating new forms of crowdfunding methods, exchanges and new economic models;(
it is the activity of grassroots communities that in most cases add value to DSI services by using them, from mobilising votes for e-petitions to raising finance for a local cause through crowdfunding.
Safecast, for example relied on Open Hardware to build the first Geiger counter sensor kit, on crowdfunding (open knowledge) to fund the development of kit
and digital services adopted by DSI activities such as social networking, social media, crowdsourcing, crowdfunding, big data, machine learning, 3d printing, online learning,
and participate in e-campaigns, crowdfunding, crowd-mapping and crowdsourcing. Furthermore, the ability to access, use,
Causes and Avaaz), Crowdfunding, and Crowd mapping, social networking and democratic decision making tools, are technologies that allow for the quick identification (and dismissal) of issues.
in this report, take a detailed look at the Goteo crowdfunding platform, but following on from that it then becomes interesting to understand the concept of‘crowdfunding'as a new way of financing social innovation.
Empathic networking, care networks, and support between peers such as Tyze and Patients Like Me. While to date we have looked at
and crowdfunding projects such as CHEST Automation of DSI activity/events into event timelinelong-term Vision (currently out of scope for this tender) The current crowdmapping facility is a first step towards the creation of a DSI networking platform
Exploring the potential of different mechanisms such as open data, crowdsourcing/crowdfunding, Living Labs, etc. and comparing these to more traditional approaches.
Platform for crowdfunding for projects generate a collective return through fomenting the openness Technology Trends:
http://goteo. org/Organisation Name Goteo Short description Goteo. org is an open source social network for crowdfunding as well as distributed collaboration based in Spain.
Firstly, Goteo wanted to create a crowdfunding service for people in Spain. When they were developing the platform, Kickstarter,
the leading international crowdfunding platform at the time, had a limitation of people not being able to publish projects without an American bank account. 122 However, secondly,
and more importantly to the Goteo team they also saw a flaw with existing crowdfunding platforms and a subsequently a gap in the market for Goteo to target.
The crowdfunding taking place on Kickstarter Indiegogo and similar crowdfunding platforms very easily lend themselves to
what Schulbaum and Senabre refer to as‘problematic practices of‘crowd capitalism'where crowdfunding helps raise money for a commercial venture with global production processes,
with the risk of subcontracting critical tasks to global sweatshop factories. Thirdly, Goteo identified that the majority of existing platforms didn't encourage collaboration,
This included looking at new models for financing ventures such as the micro credit site Kiva, P2p lending models and emerging crowdfunding platforms like Kickstarter.
The aim of the exercise was to understand how compatible crowdfunding was with crowdsourcing lessons learned from the open source world.
This meant both replicating some features of crowdfunding from other sites, but also adding new features such as optimum and minimum costs needed, petitions for collaborations as well as monetary help,
Crowdfunding: The crowdfunding platform features of Goteo follows the basic principles of most other crowdfunding platforms.
The platform facilitates the sourcing of many small financial contributions towards projects that contribute to developing the commons,
free knowledge and/or open source. Unlike most other crowdfunding platforms Goteo operate with two funding windows for a campaign, each with a duration of 40 days.
'This second component of Goteo is based on a belief that that crowdfunding offers benefits beyond new opportunities for finance,
As a crowdfunding platform focusing on the commons, Goteo has helped raise finance for a suite of digital social innovation projects.
To facilitate the crowdfunding of campaigns, Goteo relies heavily on the ability of people to easily transfer money online,
Modern crowdfunding and its ability to quickly mobilise large groups of often very geographically dispersed people online around a common cause, would not have been possible before the emergence of the Internet.
Individual Landshare initiatives have been funded using Landshare's sister site the crowdfunding platform Peoplefund. it, which, like the Landshare website and app, was also set up by KEO Digital.
Peoplefund. it works in a similar way to crowdfunding platform Kickstarter. As an example the platform was used to successfully raise £4, 401 (109 per cent) of the £4, 030 target for the proposed Dyfi Landshare.
to change donation laws to enable crowdfunding projects, a law proposal on marriage equality, and the copyright law proposal explained more fully above.
The team turned to the crowds via crowdfunding platform, Kickstarter, to finance the device and help launch a sensor network where bgiegie owners could share the data they were collecting.
Safecast has gone some way in demonstrating this is possible by creating a process where citizens have done everything, from crowdfunding,
Open hardware such as Arduino forms part of the actual build of the Geiger counter, crowdfunding platforms such as Kickstarter have been used to raise funding for developing different versions of the Geiger counter
Crowdfunding has been crucial in the funding and scale up of the Geiger counters. Safecast successfully ran campaigns on crowdfunding platform Kickstarter (it raised $36,
900 with an original target of 33,000) to finance its first Geiger counter in 2011. It returned to Kickstarter again in 2012 to finance the Safecast,
Safecast has used two rounds of crowdfunding on Kickstarter to fund the development of its devices.
the original financing of the kit happened via crowdfunding platform Goteo. A number of technological developments have been fundamental in making the kit a reality,
Building on this, the crowdfunding of the kit demonstrated the collective interested in a tool
To finance the project the Smart Citizen Kit team turned to the crowdfunding, via the Spanish Goteo crowdfunding platform.
but was aided by the funds generated through crowdfunding platform. The team returned to crowdfunding using platform Kickstarter in May 2013 once again,
where it managed to raise $68, 000 from 517 backers. The second round of crowdfunding helped the Smart Citizen team achieve their aim of purchasing bulk orders of hardware components to offer kits at the lowest possible costs
developing additional features for the smartphone app to interact with the hardware, and finalizing a 3d-printable, resilient enclosure.
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