CCA Crowdfunding SXSW Presentation - Crowdfunding Global Entrepreneurship
Pedro Rivera, the EU Crowd · 2017-07-06 · crowdfunding is cross-border by nature; 82% willing to...
Transcript of Pedro Rivera, the EU Crowd · 2017-07-06 · crowdfunding is cross-border by nature; 82% willing to...
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The EU Crowd
Transnational Cooperation
in the Age of the Web 2.0
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Introduction
• Proposition
– Integrating crowdfunding to Interreg could increase Transnational Cooperation
• Background of the idea
• How could we make it work for the North
Sea Region
The EU Crowd
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Key Terms
• Crowdfunding
– the practice of funding a project or venture by raising
money from a large number of people who each
contribute a relatively small amount, typically via the
Internet.
• Web 2.0
– the second stage of development of the Internet,
characterized especially by the change from static
web pages to dynamic or user-generated content and
the growth of social media.
The EU Crowd
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The EU Crowd
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Background
The EU Crowd
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OK, besides the roads, new infrastructure, innovation, economic growth and social inclusion, what have
the “Romans” ever done for us?!
Brought peace?
The EU Crowd
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Background
The EU Crowd
Challenges in
Interreg:
-Match
-Shared benefit
-Legacy
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Growth of Crowdfunding
The EU Crowd
Source: Nesta Alternative Finance Sector Study
UK 2015
= £3.2bn
World:
2010 = $880m
2015 = $34bn
VC average:
$30bn
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Commission Actions
• Consultation on crowdfunding in the EU (2013)
• Communication on crowdfunding (2014)
• European Crowdfunding Stakeholders Forum (FISMA)
• Crowdfunding: Mapping EU markets and events study
(2015)
• Crowdfunding in the EU capital markets union (2016)
• Identifying market and regulatory obstacles to
crowdfunding in the EU (2016 tendered)
• Assessing the potential for crowdfunding and other forms
of alternative finance to support research and innovation
(Jan 2017)
The EU Crowd
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Opportunities for TransCoop
• Contributors confirm that
crowdfunding is cross-
border by nature; 82%
willing to contribute to
campaigns from another
EU country
• 85% think biggest benefit
is being able to directly
select the projects to
support
The EU Crowd
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Opportunities for TransCoop
• Communication on crowdfunding COM(2014)172: Unleashing the potential of Crowdfunding on the EU
– Why Crowdfunding
• Community engagement and sense of involvement
• Flexibility and choice
– Possibilities for matched funding
• Need to demonstrate market failure
• Could be co-investment, loan guarantees or directly
• Existing state aid rules for risk finance can be framework
The EU Crowd
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Way Forward for NSR
• Like everything it has its pros and cons
• EU funding programmes could help with transparency
• Has the potential to empower communities and change perceptions
• Could increase transnational cooperation through communities directly working together with shared needs and resources
• Would a pilot be possible? How? Interested?
The EU Crowd
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The EU Crowd
OK, besides improved environmental protection, better integrated transport, increased social and economic cohesion..., what has
“Transnational Cooperation” EVER done for us?!
Improve our quality of life?
Delcreth: Conversation by the Sea, the value of Transnational Cooperation
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Thank You