We use cookies on our website to improve the performance and content of the site. The cookies enable us to provide a more individual user experience and social media channels.
Oooops! Your network is offline. This is a previously cached version of the page you are visiting, perhaps the content is not up to date.
We use cookies to ensure the basic functionalities of the website and to enhance your online experience. You can configure and accept the use of the cookies, and modify your consent options, at any time.
Essential
These cookies enable key functionality of the website and help to keep its users secured. They are automatically saved in the browser and cannot be disabled.
Type
Name
Service
Description
Cookie
_session_id
This website
Allows websites to remember user within a website when they move between web pages.
Cookie
decidim-consent
This website
Stores information about the cookies allowed by the user on this website.
Local storage
pwaInstallPromptSeen
This website
Stores status if the progressive web application (PWA) install notification has been already seen by the user.
Preferences
These cookies allow the website to remember the choices you have made in the past on this website to provide a more personalized experience for the website users.
Analytics and statistics
These cookies are used to measure and analyse the website audience to help improve the website.
Marketing
These cookies collect information about how you use the website and they can be utilized to provide you more personalized marketing across the different websites you use.
Fingerprint
The piece of text below is a shortened, hashed representation of this content. It is useful to ensure the content has not been tampered with, as a single modification would result in a totally different value.
Source:{"body":{"en":"<p>“Crowdfunding“ was coined by combining “crowd” and “funding”, indicating that many of the individuals provide their own contributions to create a fund (Schwienbacher & Larralde, 2010). Thus, crowdfunding works as an infrastructure, which enables projects to collect the cooperation, attention and trust from an amount of the general public. In very recent years, the position of crowdfunding in the alternative finance landscape has progressively shifted from being just a possible option to becoming a well-established and mature funding mechanism. Starting from a restricted pool of innovators, crowdfunding has steadily expanded its outreach. </p><p><br></p><p>In addition to entering the core alternative finance options, crowdfunding has also earned a primary role as a means of “democratisation of finance”. The term refers to asking for funding and providing it to a large crowd of individuals, but also to the processes of co-decision, co-creation, engagement and ownership that it produces in all parties involved. A further evolution of such mechanism is represented by the so-called “civic crowdfunding”, which defines a subcategory of crowdfunding through which citizens, often in collaboration with government, propose, fund and deliver projects that aim to provide a community service or deliver public value through local improvement projects. The peculiarity of civic crowdfunding is that, by leveraging on the close ties that crowdfunding platforms enjoy with local communities, it can promote a sense of engagement and belonging among citizens by enabling them to contribute to specific projects that will generate common good in their local areas. Both financial and non financial benefits have increasingly attracted the attention of a wide range of public and private stakeholders, such as local and regional authorities, development agencies and banks, and private foundations. These entities are partnering with crowdfunding platforms all over Europe and setting up “match-funding” schemes through which resources collected by crowdfunding campaigns in specific areas are topped-up with an additional share of their own resources. Goteo.cc the platform partnering with the Open Heritage project is a pioneer in both Civic and Match funding, and the creator of an open funding standard for the creation, preservation and sustainability of the commons.</p><p><br></p><p>Key Sources: </p><p>Morell, M. F., Hidalgo, E. S., & Rodríguez, E. (2020). Goteo. org civic crowdfunding and match-funding data connecting Sustainable Development Goals. <em>Scientific Data</em>, <em>7</em>(1), 1-10.</p><p>Passeri F. Lessons Learned from Civic Crowdfunding and Match-Funding Schemes in Europe.</p>"},"title":{"en":"Crowdfunding: Sparking Participation with Alternative Funding"}}
This fingerprint is calculated using a SHA256 hashing algorithm. In order to replicate it yourself, you can use an MD5 calculator online(External link) and copy-paste the source data.
Nadia Nadesan
Accepted
Share