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some are trying crowdfunding. The evaluation and management of âoereturn on investmentâ 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 â 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
Encouraging investment in startups 6. 2. Crowdfunding 6. 3. Access to credit 6. 4. Ease strain on cash-flow via prompt payments 7. Public Policy
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 â laissez faireâ approach to crowdfunding at this time.
The industry needs time to â establish itself â in Ireland and should not be overburdened by regulation before the required platforms have been given the time to grow
including crowdfunding etc. State Bodies Group â D/Finance & DJEI) Maximise the drawdown of funding instruments under COSME and Creative Europe.
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. 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 â¢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 eco-innovators. 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 âoebarefootâ shoes were funded both by Kickstarter (www. kickstarter. com). Learning Resources A Directory of crowdfunding platforms â
¢www. crowdsourcing. org/directory Choose the category as Crowdfunding and then country. Results can be filtered by sub-category for donations, equity or lending.
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 â problem solversâ.
It does so through its crowdfunding and crowdsourcing platform. It ran three open calls at European level,
G#1v 12716 Crowdfunding 0#2#crowdfunding Crowdfunding G#1v 12679 Demand 0#2#demand Demand
G#1v 12717 Design thinking 0#2#design thinking Design thinking G#1v 12680 Discontinuance 0#2#discontinuance Discontinuance
-Online crowd-resourcing and crowdfunding (mirco-finance) based on website for project registration, finding, donating and volunteering
crowdfunding (mirco-finance) based on website for project registration, finding, donating and volunteering, plus social media (Facebook, blogs, Twitter, Flickr, Vimeo) for constant updating
Although dothiv is not a typical crowdfunding platform, we can borrow the knowledge we have about
including crowdfunding and micro-donations x 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
other forms of diverse funding, through for example micro financing or crowdfunding, to meet a given social need.
crowdfunding and distributed collaboration (services, infrastructures, micro-tasks and other resources) for encouraging the independent development of creative and innovative
crowdfunding, participatory design, collective intelligence, collective decisions â Actively engage, innovate and act, individually or collectively, towards societally
collaboration on the impact assessment approach to be used on the crowdfunding platform of CHEST. IA4SI shows interesting synergies with USEMP and P2pvalue
Museo Palazzo Madama and its crowdfunding campaign Enrica Pagella 39 The'total museum 'Jorge Wagensberg 43
successful crowdfunding campaign, which during a time of financial hardship, restored an important work of art to the region and
crowdfunding campaign of the Museo Palazzo Madama that restored an important work of art an 18th century Meissen porcelain service
of the crowdfunding campaign to three main factors: the quality of the service itself, quality
the form of a crowdfunding campaign, was the Museo Palazzo Madama's only hope in
launched the first Italian museum crowdfunding campaign as its only alternative to acquire a 42
success of this crowdfunding campaign can be ascribed to three main factors: quality of the
Museo Palazzo Madama and its crowdfunding campaign Enrica Pagella 40 41 d'Azeglio, a family that played a leading role in
through crowdfunding the campaign to acquire the service 2. Quality of the organisational process human and relational values, reliability
the way for the success of the crowdfunding campaign by creating a sense of community
CROWDFUNDING THE CAMPAIGN '43 Using the example of a science museum, Jorge Wagensberg details his vision and concept of
like crowdfunding platforms cannot be neglected Figure 14 shows that the amount raised globally by crowdfunding platforms in 2012 equals â 2. 2
billion, almost twice the amount raised in 2011 (â 1. 1 billion), and successfully funded more than
In Europe, the amounts raised by crowdfunding platforms grew 65%to â 0. 7 billion.
For 2013, Massolution forecasts an increase in global crowdfunding volumes up to â 3. 9 billion18
Figure 14 â Amount raised by crowdfunding platforms (â billions Source: World Economic Forum (2012), Crowdsourcing. org & Massolution;
start-ups, crowdfunding might be one of the solutions for restoring capital to entrepreneurs and SMES
crowdfundingâ, crowdfunding can not only provide start-up capital for SMES and entrepreneurs, it includes several nonfinancial benefits:
SMES in 201119, 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
The crowdfunding industry report 19 European commission (2011. An action plan to improve access to finance for SMES
crowdfunding platforms are growing significantly 32 making it difficult to access finance across borders. The Prospectus Directive20, for instance
crowdfunding campaigns and has resulted in many different national regimes ranging from full prospectus regimes to complete exemptions.
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
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 â SMESÂ Access to Financeâ states that
equity finance was used by only 7%of SMES, concluding that the main challenge to increasing
ACTION 16 â 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 national regulations and policies
Description ï§Carry out a study on the various crowdfunding policy frameworks in the Member States
ï§Develop an overarching European policy structure in order to harmonise national regulations and policies ï§Reduce the administrative burden for crowdfunding platforms,
simplifying the licensing requirements for these platforms ï§Develop awareness campaigns among stakeholders and decision makers for the
opportunities of crowdfunding ï§Support research on the impact of new forms of funding for entrepreneurs
ï§Use the success of crowdfunding as an example of how digital technologies can impact business models
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.
16 Harmonisation of crowdfunding policies 17 Monitor the evolution of digital entrepreneurship 18 Leverage the national â Points of Single Contactâ
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 national regulations and policies Pillar 5 Boost digitally powered Single Market 17) Monitor the
evolution of digital entrepreneurship Establish a digital entrepreneurship scorecard and monitor the evolution of digital
A Framework for European Crowdfunding -Empirica Gmbh & IDC Government Insights (2013. e-Skills for Competitiveness and
) The crowdfunding industry report -Research and Markets (2011. Gatorade Case study: Using Consumer Segmentation and Social media to Drive Market Growth
for venture capital and crowdfunding zz helping to âoematchâ established businesses with start-ups zz supporting female entrepreneurs with specific measures
6. 3 Crowdfunding, contests, and other sources of capital...39 6. 4 Toolkits and training programmes...
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 entrepreneurâ 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
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 around the
world. The community currently supports more than 400 ventures in over 30 African countries Entrepreneurs have been featured in mainstream media, established joint ventures and
142 Devin Thorpe, âoewhy Crowdfunding Will Explode In 2013, â Forbes, October 15, 2012 www. forbes. com/sites/devinthorpe/2012/10/15/get-ready-here-it-comes-crowdfunding-will-explode-in-2013
/Digital opportunities: Innovative ICT solutions for youth employment 41 6. 4 Toolkits and training programmes There are many digital resources designed to help young entrepreneurs that have been created by the
Thorpe, Devin. âoewhy Crowdfunding Will Explode In 2013â Forbes, October 15, 2012 www. forbes. com/sites/devinthorpe/2012/10/15/get-ready-here-it-comes-crowdfunding-will
-explode-in-2013 /UN Focal point on Youth. âoewhat Are the Up-and-coming Areas for Youth employment in Your
Crowdfunding The collective effort of individuals who network and pool their money, usually via the internet, to support an entrepreneurâ s business
6. 3 Crowdfunding, contests, and other sources of capital 6. 4 Toolkits and training programmes
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
It does so through its crowdfunding and crowdsourcing platform. It ran three open calls at European level, in this way spreading the DSI approach
crowdfunding and distributed collaboration (services, infrastructures, micro-tasks and other resources) for encouraging the independent development of creative and innovative
crowdfunding, participatory design, collective intelligence, collective decisions â Actively engage, innovate and act, individually or collectively, towards societally
collaboration on the impact assessment approach to be used on the crowdfunding platform of CHEST. IA4SI shows interesting synergies with USEMP and P2pvalue
and economy solutions, such as crowdfunding for social good projects (104 The network analysis shows that although there are few very active organisations
instruments (such as crowdfunding, challenges and prizes) should be experimented with through R&d funding, while support to Innovation Spaces (such as Fab Labs
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
The team turned to â the crowdâ via crowdfunding platform, Kickstarter, to finance the device
Finally, crowdfunding platforms serve as intermediaries to link people and to stimulate and fund new ideas.
crowdfunding and P2p lending that has been documented deeply by Nesta in the UK14 36 Growing a Digital Social Innovation Ecosystem for Europe
counter sensor kit, on Crowdfunding to fund the development of kit, and on open data to share
media, crowdsourcing, crowdfunding big data, machine learning, 3d print -ing, online learning and e-petitions The main technological trends in DSI
crowdfunding etc. Furthermore, the ability to access, use, and reuse without financial legal, contractual and technical restrictions (alligned with the Budapest open access
via the Goteo and Kickstarter crowdfunding platforms. With its relatively low-cost model the Smart Citizen Kit sees itself as
Crowdfunding. pl Myseed crowdsourcing CUBITSCARL DCLG Deheerprojecten Frysklab Democratie. Nu openpetition. de Petitions. nlfoundation Wesign. it
Crowdfunding. pl Myseed crowdsourcing CUBITSCARL DCLG Deheerprojecten Frysklab Democratie. Nu openpetition. de Petitions. nlfoundation Wesign. it
Crowdfunding & Challenge Prizes Open access Open standards Interoperability Open licensing Open platforms Open data
Crowdfunding & Challenge Prizes Open access Open standards Interoperability Open licensing Open platforms Open data
funding and crowdfunding are also two important instruments Although previous analysis and policy ac -tions28 focus on the role of VC or business
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 elseâ s dream to become a reality, while
of crowdfunding 70 Growing a Digital Social Innovation Ecosystem for Europe Crowdfunding platforms In Spain, the first platform to be launched in 2010 was Lá
nzanosï¿., which in esperanto means âoecreation loversâ Here, artists, designers, entrepreneurs, cultural promoters and creators can present their project
-peer consumer lending, equity crowdfunding, community shares, pension-led funding and invoice trading. In 2012, more than $2. 7 billion was raised through crowdfunding
worldwide â helping to fund more than one million new projects The main crowdfunding platforms are Kickstarter
and Goteo but there are also plen -ty 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 â such as new
include friends and family funding, angel funding andâ crowdfunding. Seed funding is mainly aimed at start-ups and ventures
crowdfunding TRANSITION project A good example to foster a European networks of incubators is funded the European commission TRANSITION project
DSI networking and crowdfunding platform Fabacademy 5. 4 DISSEMINATION & LEARNING 81growing a Digital Social Innovation Ecosystem for Europe
linking crowdmapping to crowdfunding and other bottom-up incentives mechanisms such as Prizes and Challenges Thirdly, knowledge sharing is key.
challenges, prizes and crowdfunding 2. Increase early-stage seed funding programmes and other types of nonfinancial support that are vital in helping innovators
Crowdfunding is a new tool to finance projects or startup companies which is becoming increasingly
3. 2. 5. Crowdfunding for social entrepreneurs...108 3. 2. 6. The EIF impact investing scheme...
funding possibilities, crowdfunding, more access to public procurement, etc. and the ques -tion of social value creation is being discussed widely.
or crowdfunding. As explained in sub-section 1. 4. 2, several activities have been de -veloped at European level.
public procurement, crowdfunding. Progress is being made through innovative finan -cial schemes, the interest of a large community of financial actors and a wide-ranging
crowdfunding â looking at related concepts of social payments, social money and social banking. This will, inter alia, inform the Commissionâ s follow-up work to the Communica
-tion Unleashing the potential of Crowdfunding in the European Union141 2. 4. 5. Innovation for a Sustainable Future â The Eco-innovation
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, which otherwise would not find ad -equate sources of finance.
exercise on crowdfunding in late 2013 to explore the benefits and risks of this newly
consultation revealed that stakeholders believe that crowdfunding offers numerous im -portant benefits to a wide range of actors,
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 Crowd -funding in the European Union179 on 27 march 2014.
policy approach of the Commission to crowdfunding and a set of measures to promote the growth of this form of finance,
course of 2014, the Commission set up an expert group, the European Crowdfunding Stakeholder Forum, in order to help it to raise awareness,
-ing for users of crowdfunding, and assess the existing self-regulatory frameworks in terms of improving transparency and reducing the risks of fraud.
â the state of EU and domestic regulatory frameworks applicable to crowdfunding, and consider whether further EU action is necessary
3. 2. 5. Crowdfunding for social entrepreneurs 3. 2. 6. The EIF impact investing scheme
148) Crowdfunding. Instead of raising funds through banks and other intermediary institutions, the web opens up the possibility of making
cooperative subscription and crowdfunding are discussed in section 4 on Sustaining. Here we look at other emerging channels of social finance
Crowdfunding 79; 172 Cruz, Teddy 36 Curitiba 14; 16; 108; 157; 177 INDEX 213 DARPA 57;
Crowdfunding platforms are an interesting example. They serve as an intermediary between the funder and the person or organization looking for
models by 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
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,
projects and others (mainly crowdfunding platforms) display a list of projects that need citizensâ input.
we have referred already to online platforms for both crowdsourcing and crowdfunding initiatives There are several classifications of types of platforms,
and 4) crowdfunding (it offers financing to individuals or groups Dawson & Bynghall (2012) use a six-category classification of platforms.
as  Peerbyâ and Goteo creating new forms of crowdfunding methods, exchanges and new economic models
local cause through crowdfunding. Building on this, active grassroots communities also use the opportuni -ties presented by digital technologies to hack
the first Geiger counter sensor kit, on crowdfunding (open knowledge) to fund the development of kit, and
crowdfunding, big data, machine learning, 3d printing, online learning, e-petitions and so on Open networks The ability to build bottom-up networking capabilities in every corner or the world and in peopleâ s everyday
crowdfunding, crowd-mapping and crowdsourcing. Furthermore, the ability to access, use, and reuse without financial, legal, contractual, and
Causes and Avaaz), Crowdfunding, and Crowd mapping, social network -ing and democratic decision making tools, are technologies that allow for the quick identification (and
As an example we, in this report, take a detailed look at the Goteo crowdfunding platform, but
and crowdfunding projects such as CHEST â¢Automation of DSI activity/events into event timeline Long-term Vision (currently out of scope for this tender
-sourcing/crowdfunding, Living Labs, etc. and comparing these to more traditional approaches â¢Reaching DSI entrepreneurs and grassroots communities.
Platform for crowdfunding for projects generate a collective return through fomenting the openness Technology Trends:
Short description Goteo. orgâ isâ anâ open sourceâ 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 lead
-ing international crowdfunding platform at the time, had a limitation of people not being able to publish projects without an American bank
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 â problematic practices of â crowd capitalismâ where crowdfunding helps raise money for
a commercial venture with global production processes, with the risk of subcontracting critical tasks to global sweatshop factories
micro credit site Kiva, P2pâ lending models and emerging crowdfunding platforms like Kickstarter. The aim of the exercise was to understand
how compatible crowdfunding was withâ crowdsourcing lessons learned from the open source world. In the initial development phases the team
features ofâ crowdfunding from other sites, but also adding new features such as optimum and minimum costs needed, petitionsâ for collabora
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 dura
-tion of 40 days. The first is an âoeall or nothingâ round for the minimum
belief that that crowdfunding offers benefits beyond new opportuni -ties for finance, and that â everyone who contributes to a project should
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, just as social media and
Modern crowdfunding and its ability to quickly mobilise large groups of often very geographically dispersed people online around a common
sister site the crowdfunding platform Peoplefund. it, which, like the Landshare website and app, was also set up by KEO Digital.
it works in a similar way to crowdfunding platform Kickstarter. As an ex -ample the platform was used to successfully raise £4, 401 (109 per cent
change donation laws to enable crowdfunding projects, a law proposal on marriage equality, and the copyright law proposal â explained more fully
have done everything, from crowdfunding, designing and developing hardware, building a community, collecting and sharing open data, as
counter, crowdfunding platforms such as Kickstarter have been used to raise funding for developing different versions of the Geiger counter and
Safecast successfully ran campaigns on crowdfunding platform Kick -starter (it raised $36, 900 with an original target of 33,000) to finance
Safecast has used two rounds of crowdfunding on Kickstarter to fund the development of its devices.
-ing of the kit happened via crowdfunding platform Goteo A number of technological developments have been fundamental in
Building on this, the crowdfunding of the kit demonstrated the collective interested in a tool and service such as the kit
-funding, via the Spanish Goteo crowdfunding platform. In June 2012 backers on Goteo raised 13,700 Euro for the project to make the very
phase, but was aided by the funds generated through crowdfunding plat -form The team returned to crowdfunding using platform Kickstarter in May
2013 once again, where it managed to raise $68, 000 from 517 back -ers. 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
as  Peerbyâ and Goteo creating new forms of crowdfunding methods, exchanges and new economic models
local cause through crowdfunding. Building on this, active grassroots communities also use the opportuni -ties presented by digital technologies to hack
the first Geiger counter sensor kit, on crowdfunding (open knowledge) to fund the development of kit, and
crowdfunding, big data, machine learning, 3d printing, online learning, e-petitions and so on Open networks The ability to build bottom-up networking capabilities in every corner or the world and in peopleâ s everyday
crowdfunding, crowd-mapping and crowdsourcing. Furthermore, the ability to access, use, and reuse without financial, legal, contractual, and
Causes and Avaaz), Crowdfunding, and Crowd mapping, social network -ing and democratic decision making tools, are technologies that allow for the quick identification (and
As an example we, in this report, take a detailed look at the Goteo crowdfunding platform, but
and crowdfunding projects such as CHEST â¢Automation of DSI activity/events into event timeline Long-term Vision (currently out of scope for this tender
-sourcing/crowdfunding, Living Labs, etc. and comparing these to more traditional approaches â¢Reaching DSI entrepreneurs and grassroots communities.
Platform for crowdfunding for projects generate a collective return through fomenting the openness Technology Trends:
Short description Goteo. orgâ isâ anâ open sourceâ 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 lead
-ing international crowdfunding platform at the time, had a limitation of people not being able to publish projects without an American bank
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 â problematic practices of â crowd capitalismâ where crowdfunding helps raise money for
a commercial venture with global production processes, with the risk of subcontracting critical tasks to global sweatshop factories
micro credit site Kiva, P2pâ lending models and emerging crowdfunding platforms like Kickstarter. The aim of the exercise was to understand
how compatible crowdfunding was withâ crowdsourcing lessons learned from the open source world. In the initial development phases the team
features ofâ crowdfunding from other sites, but also adding new features such as optimum and minimum costs needed, petitionsâ for collabora
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 dura
-tion of 40 days. The first is an âoeall or nothingâ round for the minimum
belief that that crowdfunding offers benefits beyond new opportuni -ties for finance, and that â everyone who contributes to a project should
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, just as social media and
Modern crowdfunding and its ability to quickly mobilise large groups of often very geographically dispersed people online around a common
sister site the crowdfunding platform Peoplefund. it, which, like the Landshare website and app, was also set up by KEO Digital.
it works in a similar way to crowdfunding platform Kickstarter. As an ex -ample the platform was used to successfully raise £4, 401 (109 per cent
change donation laws to enable crowdfunding projects, a law proposal on marriage equality, and the copyright law proposal â explained more fully
have done everything, from crowdfunding, designing and developing hardware, building a community, collecting and sharing open data, as
counter, crowdfunding platforms such as Kickstarter have been used to raise funding for developing different versions of the Geiger counter and
Safecast successfully ran campaigns on crowdfunding platform Kick -starter (it raised $36, 900 with an original target of 33,000) to finance
Safecast has used two rounds of crowdfunding on Kickstarter to fund the development of its devices.
-ing of the kit happened via crowdfunding platform Goteo A number of technological developments have been fundamental in
Building on this, the crowdfunding of the kit demonstrated the collective interested in a tool and service such as the kit
-funding, via the Spanish Goteo crowdfunding platform. In June 2012 backers on Goteo raised 13,700 Euro for the project to make the very
phase, but was aided by the funds generated through crowdfunding plat -form The team returned to crowdfunding using platform Kickstarter in May
2013 once again, where it managed to raise $68, 000 from 517 back -ers. 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
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