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Crowd Day 30.06.2014 - Brussels. Lionel Slusny , Board Secretary European Crowdfunding Network AISBL (Brussels) Twitter : @EURCrowdfunding Website : www.europecrowdfunding.org. European Crowdfunding Network in action.
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Crowd Day30.06.2014 - Brussels Lionel Slusny, Board Secretary European Crowdfunding Network AISBL (Brussels) Twitter : @EURCrowdfunding Website : www.europecrowdfunding.org
European Crowdfunding Network in action Full Members : Crowdfunding players | Associate members : other companies & organisation
What is Crowdfunding ? Getting Money Online Large amount of people (Crowds) For a specific project
Craving crowds for greater investment transparency The Crowds crave for greater investment transparency : They want to know what they invest in and they want feedback • E.g. crowdfunding replaces investments in « Sustainable » funds with only large caps (?!)
Why does crowdfunding exist ? • Internet • Economic and Social crisis (imbalance of revenues, investment capabilities and investment returns) • Crowdsourcing • Success stories • More importantly, a combination of factors that makes it possible
Different types of crowdfunding • Simple Donation (maybe tax deductible) • Cause or Philanthropy based • Project based ; usually hard products • Rewards have to be delivered • Capacity to repay • Existing clients / Revenues • Individuals or companies • Shares • Complex process but can be made onlie • Company only Donations Rewardbased Complexity Debt Equity
Crowdfunding is more than finance • Social connections • Investment opportunities for companies • Support & Professional services It is all about people…
Crowdfunding : a truly GLOBAL trend Success stories in Micro Investments : Kiva, Zopa, Lending Club, … Prominent individuals embracing it (Elon Musk, John Mack (CS former CEO), François Hollande (France Republic President), Richard Bronson...)
Some numbers Source : Massolutions , 2012
Some more numbers Source : Massolutions , 2012
European roadmap Performed by ECN Members 6 Countries realized & others in Progress New European Commission
National Laws PORTUGAL Parliamentary debate in 2012 ITALY Changed in 2012 New changes in 2014 BELGIUM Changed in 2014 No prospectus for <300k EUR in total & 1k EUR per investor AUSTRIA After public debate, Changed in 2013 FRANCE Les Assises de la Finance Participative Law In progress - 2014 New « CIP » License UK Changed in 2014
Crowdfunding Regulation Study • 246 Pages - Edited by ECN http://www.europecrowdfunding.org/wp-content/blogs.dir/12/files/2013/12/ECN-Review-of-Crowdfunding-Regulation-2013.pdf
EU Level Developments • Various initiatives for Crowdfunding, for instance : 2012 - 2014 Digital Agenda June 2013 Workshop DG Markt October 2013 Global European Commission Consultation Link
Further developments • Mandate fromMember states still to begranted for a EU wideregulation • New European Commission to come into place over the summer2014 • EU Crowdfunding Stakeholder Forum established(http://europa.eu/rapid/press-release_MEMO-14-240_en.htm)
Business Developments • Bank initiatives as service provider or co-investor in crowdfunding • Role of consumers & local investors / cooperatives • Growing amount of platforms, industries and specializations For Example :
Some potential roles for BELGIUM • Test market for new Crowdfunding concepts (takingadvantageBelgium’s innovation capacity & multi-cultural aspects) • Through EU Level activities, support the European-widediscourse on the topic of Crowdfunding • Provide job & business opportunities for the belgian Financial Services professionals in the new era of digitalizedfinancialservics
Upcoming Dates @CrowdTuesday @EURCrowdfunding www.EuropeCrowdfunding.org
We cannot connect the dots looking forward, we can only connect them looking backward
Contact www.EuropeCrowdfunding.org Direct Phone : +33 9 70 46 70 90 Direct email : lionel.slusny@europecrowdfunding.org