Crowdfunding minimizes business risk-taking and increases entrepreneurial mind-set, which is why an unused crowdfunding potential represents a huge challenge, especially in the eastern parts of central European countries. We recognized this challenge while working on the Crowdfunding Academy project, and joined the consortium of organizations working on the Crowd-Fund-Port project with the realization of the importance of overcoming it.
CROWD-FUND-PORT aims thus to improve the skills and competences of all relevant stakeholder groups to prepare them for taking advantage of the crowdfunding phenomena. Change will be visible in improved financial conditions for start-ups fostering innovation, employment and social stability in the region. The project focus will be on economically weaker businesses with fewer opportunities, who do not have access to bank loans, but who would be able to start business ideas through crowdfunding.
The project, including ten partners from nine central European countries, was launched in 2016 and will run until 2019. Outputs and results of the project will benefit crowdfunding platform operators, as well as small and medium sized enterprises by increasing their competences. Crowdfunding investors will profit from increased safety by a better understanding of the benefits and risks and policy makers will gain increased decision-making competencies.
Crowd-Fund-Port is funded by the Interreg Central Europe program. Follow the Crowd-Fund-Port Facebook page.