EU Seeks Comment On How To Promote Crowdfunding In Europe

From today until the last day of 2013, the European Commission is seeking public comment on how the EU can facilitate crowdfunding in Europe.

Anyone with an opinion on crowdfunding is invited to fill in the questionnaire. People who might contribute to, or launch, a campaign, crowdfunding platforms, national authorities, academics, associations and all other interested parties are encouraged to answer.

Some within EU leadership have been known to desire a single framework for crowdfunding in Europe for some time now. This may be the first step toward achieving that goal.

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It continues a trend of European progressivism when it comes to the implementation and use of crowdfunding as a means of capital formation. Although the United States did take bold action in passing the JOBS Act in 2012, the implementation timeline has stretched well beyond the stated timeline in the law. Meanwhile, sites like Seedrs, Crowdcube, Symbid and others have slowly been revolutionizing capital formation in Europe.

In short, Europe is well ahead of the United States in regards to innovation in the private capital markets, and now it looks like there will be further movement forward.

More information is available on the European Commission’s web site, including how you may submit a comment.

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