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Vote & Comment to help build a Crowdfunding Community for the Creative Industries
You find it hard to raise money for your creative project?
Help us answer how European governments and intermediaries can support and connect cultural and creative actors, crowdfunding platforms and investors/donors across Europe?
28 actions have been formulated. We invite creatives, platforms and supporters to give feedback on the proposed policy actions:
- Vote for or against each proposed action
- Add your feedback in the comments
- Propose new actions in the comments
- Sharing means caring. Invite peers to join the public discussion
Sign up now (discussion closes at 20.12.206) and share your comments and votes on the statements below to help shape, create and kickstart a Crowdfunding Community for the Creative & Cultural Sector (CCS)!
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Connecting communities by awareness and trust creation
The following statements focus on better connecting communities by addressing the main key barrier to CCS Crowdfunding: information asymmetry. Raising awareness and creating trust are preconditions to the establishment of relationships between communities and to sustain CCS crowdfunding.
P1
Sharing experiences across the CCS community is needed to create awareness and trust in crowdfunding.
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P2
V01
V01
There is a need for an independent (not platform-specific) toolkit on CCS crowdfunding for project owners that would provide a realistic assessment of crowdfunding.
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+2
P3
V01
V01
The crowdfunding industry should instore a code of conduct to regulate itself in order to increase trust in CCS Crowdfunding
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P4
It would be beneficial to organise information sharing between different types of financial actors (crowdfunding platforms, banks, VCs, etc.) to stimulate investments in CCS.
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+1
P5
Public authorities should provide platforms and financiers with training on the specifics of cultural and creative activities, for them to better assess the potential of CCS crowdfunding.
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+2
P6
A European quality label for crowdfunding platforms would be beneficial to increase the trust of project holders and investors in CCS Crowdfunding platforms.
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+2
P7
A European quality label for CCS project holders would be beneficial to increase the trust of donors/investors in them.
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P8
Project holders should be made aware of the risks and costs of engaging in CCS crowdfunding campaigns.
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P9
An educational toolkit for CCS project owners should not only focus on crowdfunding but also take into account the diversity of complementary sources of finance and their potential combination with crowdfunding.
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P10
A mapping of European CCS Crowdfunding platforms would help project owners, donors/investors, and platforms to know each other.
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P11
There is a need to organise regular local events on the use of and possibilities offered by crowdfunding in the different CCS sectors.
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P12
It is necessary to diffuse case studies (about both failures and successes) on CCS Crowdfunding.
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P13
V01
V01
Publishing consistent data on the use of crowdfunding for CCS (number of campaigns, amounts raised, success rates of platforms, etc.) would result in a more realistic assessment of the potential, costs, and benefits of Crowdfunding in the sector.
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Linking communities through match-funding
This group of statements focuses on establishing links between communities by combining finance streams and addressing the fragmentation of the CCS access to finance landscape. It therefore emphasizes the establishment of relationships between the different investor communities through match-funding.
P14
More collaboration between crowdfunding platforms to share intelligence and access to each other’s projects and networks won’t increase the success of CCS crowdfunding campaigns.
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P15
CCS projects with a potentially high positive impact on society (culturally, socially, economically, etc.) should be funded by both European funds and crowdfunding.
Add/View comments (7)
+2
P16
The European Commission should encourage local, national and regional (public or private) funds to partner with crowdfunding platforms to support CCS.
Add/View comments (6)
+2
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