- Bernd Fesel
Deputy Director, European Centre for Creative Economy - ECCE
How can we mainstream crowd-funding and invent a next future for non-profit social businesses?
Ideas worth spreading are also ideas worth realizing. But for many ideas the traditional funding systems of our society are not fit - be it state budgets, bank credits or stockexchange funding. And even foundation have limits - their own expectations and aims.
Social Media Networks create a new form of financing: Crowd-funding is like a flash-payment-mob. Small voluntary contributions of a network of persons with same preferences to a larger aim.
Though this seems like an ideal solution in many ways it does not seem to spread and evolve. There seems to be no crowd-revolution of funding systems - or is there? In germany the first crowding funding platform just started: http://tinyurl.com/43mq6fm
My hope is that crowd-funding can generate the money needed to realize a turn-around in education, health care (in Africa) or safe and green energy. The state will not generate such funds for decades to come.
Please let me know more about best-practice of crowd-funding. What makes it successfull? Are there break-through models or stories?