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Crowdfunding is an emerging alternative source of financing. It refers to open calls to the public, generally via internet, to finance a project through either a donation, a monetary contribution in exchange for a reward, product pre-ordering, lending, or investment.

Any type of project can launch a crowdfunding campaign: SMEs, artists, innovative start-ups, social entrepreneurs may all benefit from different forms of crowdfunding.

The European Commission is exploring the potential and the risks of this relatively new and growing form of finance, as well as the national legal frameworks applicable to it, in order to identify whether there is value added in European level policy action in this field.

Report on Crowdfunding in the EU Capital Markets Union – 03.05.2016

Small firms, especially young and innovative ones that are sometimes not so well suited to traditional bank financing, often have a hard time getting the funding they need to invest in their growth and create new jobs. This is why the European Commission’s Capital Market Union action plan places particular emphasis on strengthening alternative finance, including crowdfunding. On 3 May 2016, the Commission published a report that explains the market and regulatory landscape in this dynamic field.

European Crowdfunding Stakeholders Forum (ECSF)

The “European Crowdfunding Stakeholders Forum” (ECSF) was set up by the European Commission on 25 June 2014, following a call for applications to select the members of the expert group.

Meetings of the ECSF

4th meeting – 17.02.2016
3rd meeting – 04.03.2015
2nd meeting – 03.11.2014
1st meeting – 25.09.2014

Study - Crowdfunding: Mapping EU markets and events study – 04.11.2015

The European Commission published a study to gather and analyse data on crowdfunding markets across the EU as well as to analyse market trends, and carry out events studies to see how national legislations may have impacted the markets.

The study was undertaken by Crowdsurfer in collaboration with E&Y.

Communication on crowdfunding – 27.03.2014

On 27 March 2014 the European Commission adopted a Communication on crowdfunding. The objective of this Communication is to unleash the potential of crowdfunding within the EU by developing, in cooperation with stakeholders, a common understanding at EU level and preparing the ground for possible future actions.

Public consultation “Crowdfunding in Europe ? Exploring the added value of potential EU action” – 03.10.2013

On 3 October 2013 the European Commission launched a consultation to explore the added value of potential EU action in this area. The consultation was closed on 31 December 2013.

Workshop “Crowdfunding: Untapping its potential, reducing the risks“ – 03.06.2013

The European Commission organised a workshop on 3 June 2013 in Brussels, with around 250 participants.