BREAKING NEWS: The European Commission has just published the Communication about crowdfunding:

BREAKING NEWS: The European Commission has just published the Communication about crowdfunding:

    CrowdFundBeat News Wire : Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions “Unleashing the potential of Crowdfunding in the European Union” 1. INTRODUCTION Crowdfunding generally refers to an open call to the public to raise funds for a specific project. In 2012 about €735 million1 was raised for all forms of crowdfunding in Europe and the predicted figure for 2013 is around €1 billion. This figure is rather marginal compared to retail bank lending to non-financial institutions (€6 trillion in 2011), but it is promising compared to the financing provided…

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CAMBRIDGE CROWDFUNDING WEBSITE EARNS FCA APPROVAL

Just over six months since launch, equity crowdfunding platform SyndicateRoom has become only the third of its kind to be directly authorised by the FCA. FCA authorisation is not required of crowdfunding platforms and previously SyndicateRoom traded as an appointed representative of a separate, FCA-authorised firm. But SyndicateRoom sought – and secured – the elevated status voluntarily as part of its drive to bring equity crowdfunding firmly into the mainstream of investing. It joins Seedrs and Crowdcube as the only equity crowdfunding platforms to be FCA authorised. However there is an important difference – SyndicateRoom invites its members to invest only in companies which are also…

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CROWDFUNDING AND THE ANGELS – A MATCH MADE IN HEAVEN?

CROWDFUNDING AND THE ANGELS – A MATCH MADE IN HEAVEN?

MINERVA AND ENVESTORS TURN TO SYNDICATEROOM TO CLOSE THEIR FUNDING ROUNDS. Business angels have been wary of the burgeoning equity crowdfunding industry. But SyndicateRoom’s unique blended model means that far from stepping on angels’ toes, angel networks and the crowd work together to close funding rounds Two angel networks have now simultaneously listed deals with the equity crowdfunding platform: - Minerva listed Opclear – a revolutionary medical device that instantly cleans all debris from the lens of a laparascope (medical cameras used in keyhole surgery) - Envestors listed Fertility Focus – another medical business, taking a new approach to the diagnosis and treatment of infertility London,…

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Code Club Commissions The ‘Crowd’ To Contribute To Coding Classes For Children

Code Club Commissions The ‘Crowd’ To Contribute To Coding Classes For Children

Code Club, a nationwide network of free volunteer-led after-school coding clubs for 9-11 year olds, is taking the innovative step to harness the power of crowdfunding, with the support of hubbub.net, in order to generate the necessary funds required for the purchase of the essential hardware needed to run each of the clubs. hubbub.net, specialists in donation-based crowdfunding for the education sector, believes strongly in Code Club’s mission to put a club in every one of the 21,000 primary schools in the UK. In support of this initiative hubbub.net have donated a crowdfunding platform to help each individual school raise the necessary funds from their local…

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EU executive plans to promote crowdfunding sector

EU executive plans to promote crowdfunding sector

HUW JONES | LONDON | Mar 21, 2014 – (Reuters) – A European Union “quality label” and possible state aid for crowdfunding would help the 1 billion euro (848.8 million pounds) sector grow to fund economic growth, the bloc’s executive body said in a document seen by Reuters. Crowdfunding allows individuals and small businesses to raise money from pools of investors who can put money into peer-to-peer lending schemes or securities such as unlisted shares. It is often hosted on online platforms such as Crowdcube, Funding Circle and Kickstarter. The European Commission, in a draft document to be published next week, said crowdfunding has real potential…

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CrowdFunding in 2020

CrowdFunding in 2020

By PAUL NIEDERER on MARCH 17, 2014 Looking 6 years into the future, what can we expect crowdfunding to be in 2020 Firstly, the word “crowdfunding” will have virtually disappeared as peer to peer transactions will have become the norm. Same thing happened with the term social networking. Thats just the way most people communicate now and few call it social networking. Secondly, even equity crowdfunding will have moved more towards the “instant gratification” favoured in rewards based crowdfunding offers and be reflected as follows: Royalty based crowdfunding will draw business away from equity crowdfunding as computer systems can monitor and manage complex royalty disbursements Large…

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Cale Green Park Crowd Funding Campaign

European Commission to announce help for Crowdfunding

European Commission to announce help for Crowdfunding

By ecn-admin On 17. March 2014 · The European Commission is expected to publish its communication on Crowdfunding together with its long anticipated communication on long-term financing on 19 March 2014. The current development in the UK and Spain, where significant hurdles for market entry and customer protection are expected, we may anticipate a reduction in crowdfunding innovation in the worst case. In France, where the proposed regulation so far looks more promising despite some hurdles, we are opportunistic that a more vibrant crowdfunding sector can still develop. In this context arrives the European Commission’s statement providing hope for a significant impact on national regulators and…

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New regulations threaten to lock ordinary investors out of equity-based crowdfunding….

New regulations threaten to lock ordinary investors out of equity-based crowdfunding….

JENNY CHAPMAN | 11 March 2014 | Cambridge News – New regulations threaten to lock ordinary investors out of equity-based crowdfunding, as FCA Director asks consumers to be “clear on what they’re getting into”. New statistics have revealed more than £1,700 per hour is being raised via crowdfunding in the UK, but this could decline following new rules. Data compiled by The Crowdfunding Centre, shows that since the beginning of 2014 more than 2,600 equity and rewards projects were launched – more than 45 per day, attracting pledges of over £5.7m. Successful projects raised an average of a little over £9,500 each. Barry James, founder of…

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FCA crowdfunding ‘loophole’ exposed

FCA crowdfunding ‘loophole’ exposed

Jon Yarker | 13 March 2014 | Money Marketing – The FCA’s final rules on crowdfunding, published last week, stated investment-based crowdfunding can only be promoted to sophisticated or high net worth investors, retail clients who are advised or non-advised clients who are investing only 10 per cent or less of their net investible assets. But when an investor “self-certifies” themselves as sophisticated, they have to meet only one of the four following criteria: that they have been a member of a network or syndicate of business angels for at least six months; they have made more than one investment in an unlisted company; they are…

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Finding Westley, True Love stories from around the world.

Companisto extends its equity crowdfunding platform to the whole of Europe

Companisto extends its equity crowdfunding platform to the whole of Europe

By BEN WOODS, Equity-based crowdfunding company Companisto has announced the launch of a new pan-European platform where startups can present their ideas in exchange for a slice of their business. Announced today, the platform allows submissions from any business based in Europe but allows investment from anywhere in the world, providing the largest possible pool of backers. Like other non-equity based platforms like Kickstarter or Indiegogo, businesses are expected to put up a detailed presentation, video and financial projections to lure in potential investors. However, unlike alternative options, the amount of money a project can raise is unlimited, while the minimum backing starts from just €5.…

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Gary Dushnitsky explores why the 3 Fs are important in crowdfunding

Gary Dushnitsky explores why the 3 Fs are important in crowdfunding

London Business School’s Gary Dushnitsky explores the realities of crowdfunding – from its four common forms to the continuing importance of friends, family and followers – with Dan Marom, co-author of The Crowdfunding Revolution Gary Dushnitsky: Dan, can you give us a sense of the crowdfunding phenomenon and the promise it holds for entrepreneurship? Dan Marom: Crowdfunding (CF) has witnessed incredible momentum over the last two-and-a-half years. Research firm Massolution estimates that crowdfunding platforms raised $2.7bn and funded more than one million campaigns, despite the precarious state of the global economy. In the United States the signing of the JOBS (Jumpstart Our Business Startups) Act legalised…

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