Crowdfunding: Untapping its Potential, Reducing the Risks

European Commission, 03.06.2013 – Commissioner Michel Barnier opened the workshop with his keynote speech, stating that the present workshop is to be seen in the context of the Commission’s pro-active approach to find new, inclusive forms of growth and make financial markets work for the real economy. He referred to the potential of crowdfunding to finance projects that have difficulty accessing finance through traditional finance channels, to run a market testing, promote innovation – especially in the case of web entrepreneurs- and reinforce entrepreneurship and social cohesion in Europe. He recognised the diversity of crowdfunding models and called on speakers to explore the risks, its potential, and ways in which currently fragmented national frameworks could be made more coherent.

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