Stretch goals are financial targets set above a project creator’s initial funding goal. They’re designed to make better use of excess funds raised in a campaign by offering improvements to projects or providing additional rewards to backers. Including stretch goals in a crowdfunding campaign can be immensely beneficial.
The crowdfunding law creates a specific status for equity and debt crowdfunding platforms (referred to as “alternative financing platforms”) and prescribes operating requirements for both alternative financing platforms and regulated entities (credit institutions and investment firms) that engage in alternative financing activities. Rewards and donation-based platforms are not within the scope of this law.
A creative start-up for music shares their experience with crowdfunding. Read more on Medium.com below.
Crowdfunding is typical of our time, in that it is a universally acclaimed good thing that actually reveals many problems if you pause to think about it for a second or two.
As budgets shrink, the restricted ability of cities and towns to build parks, pools and art centres is leading citizens to step in with new ways to create public spaces and buildings -- using crowd-based models.
In today’s tight economic times, architects are discovering new ways to get projects off the ground.
Objective: The consultation aims to gather comments and perspectives on the relevance of the Creative Europe programme's objectives, the effectiveness of the measures taken to achieve them and the efficiency of their implementation. Thus, the consultation aims to establish the added value of the Programme in relation to the challenges and opportunities of cultural and audiovisual sectors, compared to what could be achieved by Member States only.
The Crow Data Centre, a data resource company on crowdfunding based in London, published figures on the use of crowdfunding in 2016. Read more on Crowdfunding Insider below.
The European Commission (through a communication and two reports) and the European Parliament (through three resolutions) have taken an active interest in this form of financing. As a result, the Commission recently conducted a study on the state of the European crowdfunding market.
Finland’s Ministry of Finance has published an update on the nascent Finish crowdfunding industry. According to their report, Finland’s crowdfunding market more than doubled in size during 2016. The Finish government estimates the total amount raised during 2016 stands at €153 million in contrast to the year prior (€70.5 million) the amount has more than doubled. Two years ago the market stood at €52 million.