crowdfunding framework

 crowdfunding framework Essay

A Platform for

European Crowdfunding

Kristof De Buysere

Oliver Gajda

Ronald Kleverlaan

Dan Marom

With a foreword by

Matthias Klaes

2012 | Kristof De Buysere, Oliver Gajda, Ronald Kleverlaan, Serta Marom | 2012 A FRAMEWORK PERTAINING TO EUROPEAN CROWDFUNDING


A Framework for

European Crowdfunding


Kristof Para Buysere

Oliver Gajda

Ronald Kleverlaan

Dan Marom


Matthias Klaes, Professor of Commerce, Keele University

Contributing factors

Alain Renaud

Alex Wochenmarkt

Alex Raguet

Bart Becks

Clas Beese

Christian Saublens

Emma Fau

Avoi Serlachius

Fabien Risterucci

Frederic Baud

Guillaume DesclГ©e

Iwona Mertin

Jamie Hartzell

Karol KrГіl

Katelijn Tailly

Korstiaan Zandvliet

Liam Collins

Lionel Slusny

Pascal Para Keyser

Paulo Silva Pereira

Reinhard Willfort

Rhydian Lewis

Robert van Meer

Simone Dean-Johns

Thierry Merquiol

Tim Meuleman

Yann Le Jeune

Yannis Pierrakis













(Great Britain)



(The Netherlands)

(Great Britain)





(Great Britain)

(The Netherlands)

(Great Britain)


(The Netherlands)


(Great Britain)

A FRAMEWORK FOR WESTERN CROWDFUNDING | Kristof Para Buysere, Oliver Gajda, Ronald Kleverlaan, Serta Marom | 2012

a couple of

A Framework intended for

European Crowdfunding



Institut fГјr Kommunikation

in sozialen Medien



ppl. com. pt

Zu der Förderung jeder Innovationskultur


A Framework for European Crowdfunding, first ed., 2012

Kristof De Buysere, Oliver Gajda, Ronald Kleverlaan and Dan Marom, with a foreword by Matthias Klaes

This kind of work is familiar with the laws under a Imaginative Commons

Attribution-NonCommercial-ShareAlike 3. zero Unported License.

ISBN 978-3-00-040193-0


Illustrations: Astrid Böckermann

in association with

A CONSTRUCTION FOR WESTERN EUROPEAN CROWDFUNDING | Kristof De Buysere, Oliver Gajda, Ronald Kleverlaan, Serta Marom | 2012



Contents several

Foreword some

Executive Brief summary 6

Affirmation of Purpose 8

Precisely what is Crowdfunding? 9

How Crowdfunding Works12

Problems With Crowdfunding15

Benefits pertaining to Entrepreneurs and SMEs18

The European Crowdfunding Market21

Benefits for the Internal Market23

Coverage Discussion in Europe25

European Regulation and Legislation28

The Pillars of any Crowdfunding Platform


Implementing an Functional Framework intended for European Crowdfunding


Further Reading38

About the Authors40

A CONSTRUCTION FOR EURO CROWDFUNDING | Kristof De Buysere, Oliver Gajda, Ronald Kleverlaan, Serta Marom | 2012



It is a lot more than five yrs ago now that the first ripples of the current financial crisis started spreading around the world. What primarily looked like problems largely confined to the United states sub-prime home loan sector quickly affected sophisticated economies in the Western hemisphere. In European countries in particular, uncertainties resulting from an over-all squeeze in retail credit rating have been acerbated by continuing threats of systemic disruption in the economic and budgetary spheres. Almost overnight, small to medium sized enterprises include thus discovered themselves in the sharp end of lessened access to credit rating. They are joined them their plight by dozens of organisations and initiatives inside the cultural sector who knowledge a period of almost unprecedented economic restraint, whilst private people even in good financial standing may possibly struggle to obtain reasonably...

Bibliography: Bates Bore holes & Braithwaite (2012): Eight Reforms to Grow the Social Purchase Market.

Greatest, J., Neiss, S. and Jones, D. (2012): Just how Crowdfund Investing Helps Solve Three Hitting Socioeconomic


Bielsko-Biala Announcement: Realising the complete potential of crowdfunding projects (2011).

Collins, L. and Pierrakis, Y. (2012): The Venture Masses. Crowdfunding Collateral investment in Business.

Clarke, A. (2012): Report of the Chairman of the professional group around the cross border matching of innovative

organizations with suitable investors.

Eurada (2012): Scoping Paper – Crowdfunding Getting together with. Meeting managed by the European Economic and

Social Committee on 7 June 2012.

Gerven, G. (2009). Prospectus for the public offering of securities in Europe set: European and national

laws in the affiliate states of the European economic area

Hemer, J. (2011): A snapshot on crowdfunding.

Zandvliet T. (2012): Lessons learned managing a crowdfunding network. (presentation)

FinPart (2012): Livre Blanc - Finance Participative, Plaidoyer ou propositions dump un nouveau cadre rГ©glementaire.

Massolutions (2012): Crowdfunding Sector Report

Neiss, S

Nesme, Y. (2012): Crowdfunding: A worldwide comparison and analysis in the constraints and opportunities for implementing it in Italy.

and Cultural Committee - An action decide to improve usage of finance intended for SMEs COM(2011) 870 final (2012).

Pereira, P. (2012): Crowdfunding: A fresh fashion or a real added-value support support for business owners?


Pereira, P. (2012): The Role of Crowdfunding in Promoting Entrepreneurship.

Crowd-Funding-For-Europe (2012): Proposal for Crowdfunding Amendments towards the Prospectuc Savoir.

Risterucci, Farrenheit. (2012): Un nouveau modГЁle de croissance possible en France. LesEchos. fr

Rubin, S

Schammo, S. (2011): EUROPEAN prospectus law: New viewpoints on regulatory competition in securities markets.

Telesca, D. (2012): Crowdfunding challenges and opportunities (presentation).

UKIE Crowd Funding Survey (2012): A proposal to facilitate Crowdfunding in the UK.

and Social Panel. An action intend to improve usage of finance intended for SMEs. ” Com(2011) 870 final.



 20121107 Oxygen And Surroundings Nanobubble Wate Essay 23.08.2019

20121107 Oxygen And Surroundings Nanobubble Wate Essay

Oxygen and Air Nanobubble Water Answer Promote the Growth of Plants, Fishes, and Mice Kosuke Ebina1*, Kenrin Shi1, Makoto Hirao2, Jun Hashimoto3, Yoshitaka Kawato1, Shoichi Kaneshiro1, Tokimitsu Morimoto1…...

Read →
 Finance Paper 22.08.2019

Finance Paper

786 22.08.2019

Finance Daily news

Business Loans 1 RULES OF FUND Organization Financing as well as the Capital Structure Week almost eight Assignment 2 Business Auto financing 2 Business…...

Read →
 Essay in Corporate Interpersonal Responsibility in France: A Mix of National Traditions and International Influences 28.08.2019

Essay in Corporate Interpersonal Responsibility in France: A Mix of National Traditions and International Influences

637 28.08.2019

Corporate Cultural

Corporate Sociable Responsibility in France: A mixture of National Traditions and Intercontinental Influences (Article summary and discussion question- article 5) This article explaines the practice of company social responsability…...

Read →
 Gatsby Essay 08.08.2019

Gatsby Essay

745 08.08.2019


The Wonderful Gatsby By close examine of the first three chapters and their portrayal of the get-togethers, consider how accurately Fitzgerald represents the roaring twenties. Conclude simply by…...

Read →
 Fast Food Composition 08.08.2019

Fast Food Composition

455 08.08.2019

Fast Food

Fast Food Is usually Linked to Overweight and Other Significant Health Problems Fast Food, 2009 Seth Stern is known as a staff copy writer at The Christian Science…...

Read →
 Zenova Organization Essay 08.08.2019

Zenova Organization Essay

703 08.08.2019

Zenova Firm

ZENOVA COMPANY MANAGEMENT'S JOB Brand: Le Dinh Nhat Huy Class: Ba91 Lecturer: Mister. Paul Zenova is a company where open based on Hanover, Australia…...

Read →
 My Paperwork Essay 08.08.2019

My Paperwork Essay

203 08.08.2019

My personal Notes

CH. 2 – Crime Dunes, Fears and Social Reality (Kappeler) We. Facts About Crime and Crooks A. There is no crime wave in US 1 . victimization…...

Read →
 Internal The use for Source Chain Skill Essay 08.08.2019

Internal The use for Source Chain Skill Essay

380 08.08.2019

Inside Integration for

Internal (within the firm) Integration to get Supply String Coordination Working together around functions or departments is referred to as ‘Integration' (Min, 2001). The degree of this inner integration…...

Read →