Crowdfunding as an Alternative Source of Financing

Crowdfunding is a growing sector where business, culture and even philanthropy sectors meet and interact. It is more than a successful means to raise money as it enhances in individual donors the sense of ownership over the project they decide to support. In 2014, together with three other organizations Milan and Maria have been implementing the Crowdfunding Visegrad project that aims to assess the state of play in crowdfunding throughout Visegrad countries and to promote it as an alternative source of financing. It has two outcomes: a comparative study on the financial, technical as well as legal environment of crowdfunding in the Visegrad region, and a manual of best practices for crowdfunders.

In their presentation Maria and Milan will outline the project results, focusing on how the non-profit sector can diversify funding through campaigns run on crowdfunding platforms.