Crowdfunding - Exploring the added value of potential EU action
The European Commission is launching a consultation to explore the added value of potential EU action.
Crowdfunding is an emerging alternative form of financing that connects directly those who can give, lend or invest money with those who need financing for a specific project. While calls for funds to the public are not new, the phenomenon of using the internet to directly connect with funders emerged recently. Crowdfunding can take many forms, ranging from simple donations to investments in equity.
The aim of this public consultation is to explore how EU action, including a range of soft-law measures, could promote crowdfunding in Europe.
The workshop on crowdfunding of 3 June 2013 organised by the European Commission in Brussels confirmed that it was timely and necessary to assess where European action could add value to nurture the growth of this new form of financing, while ensuring an adequate level of protection of contributors.
This consultation is open to anyone with an opinion on crowdfunding.
There are different ways to submit your contribution, depending on if you're responding as an individual or on behalf of an organisation. Details are on the European Commission website.