European Crowdfunding – Workings Groups and Input for Public Hearing of European Commission

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Karsten Wenzlaff

Working Groups at the European Crowdfunding Networks

After the Pre-Launch event of the European Crowdfunding Network (ECN), the next steps are approaching soon. Five Working Groups were established:

1. Consumer Protection
2. Education
3. Funding CF
4. Research
5. Regulation

If you are interested in working in one of the working groups, please contact the European Crowdfunding Network.

Policy steps after Eurada Crowdfunding Meeting

Chritian Saublens of Eurada invited ECN to be a Crowdfunding meeting Thursday, 7 June, in Brussels with participants from four Directorate Generals of the European Commission, regional development agencies from across Europe and a number of crowdfunding platforms that are affiliated with ECN. More details can be found on the website of the European Crowdfunding Network.

On 28th June 2012 there will be a follow-up meeting at European Economic and Social Committee’s Public Hearing on Improving SME finance:

The European Commission presented in December 2011 a strategy to promote better access to finance for SMEs with a specific EU Action Plan which includes an increasing financial support from the EU budget and the European Investment Bank as well as a proposal for a regulation setting uniform rules for the marketing of venture capital funds.

The public hearing that will take on 28 June will gather stakeholders from SMEs and the financial community to discuss these issues. The EESC will use the results to draw up an opinion to be submitted to the European Commission for consideration in their decision on access to finance for SMEs.

The hearing will be used to draft an opinion by the EESC to submit to DG Market in order to influence the current review of legislation and regulation especially with regard to venture capital. The ECN will present next to the European Venture Capital Association.

Currently the ECN is asking for data and market research to be used for the making the case to DG Market, DG Industry, DG Information Society and DG Culture.

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