The StartUp Europe Crowdfunding Network has published their final report on fostering a conducive crowdfunding environment in Europe to help entrepreneurs. The report pinpoints the demand for engendering a professional, transparent, and consistent environment so both investors and entrepreneurs may view crowdfunding as a viable solution for their perspective requirements.
The final report, which has a publish date of this past April, shares some interesting statistics for the European continent. In brief the researchers discovered:
- There are 230 crowdfunding platforms in Europe today (entrepreneurship driven)
- The majority of platforms offered hybrid investments; debt, equity, and rewards
- Rewards based represented 19% of the platforms
- 68% of the platforms operated across national boundries
- Average funding level for rewards – 12,500 EUR
- Average funding level for equity – 113,000 EUR
- The largest number of successful campaigns by country:
- Germany 27%
- Spain 17%
- France 16%
- 72% of web entrepreneurs campaigns were successfully funded
It was interesting to note that 61.5% of respondents stated they believed the European Commission should play a significant role in creating a legal framework for pan European crowdfunding. The creators of the document also commented on the challenges in correlating data due to the disperse nature of the various platforms. Certainly a consistent data structure across all platforms would make this considerably easier.
The 74 page publication may be downloaded here and the associated infographic is embedded below.