EuroCrowd, the pan-European assocation that represents investment crowdfunding platforms across the continent, has announced a partnership with InnovUP, or the Italian Innovation & Startup Ecosystem association. According to a note from EuroCrowd, the partnership means that EuroCrowd will help represent Italian platforms. This is said to expand on a partnership between InnovUP and AIEC – the Italian Equity Crowdfunding Association.
The new agreement is now and aims to offer a combined membership that leverages the expertise of both organizations.
Cristina Angelillo, President of InnovUP, said the expansion of InnovUP’s membership demonstrates their commitment to representing the entire Italian innovation supply chain.
“Our partnership with AIEC and EUROCROWD will enable us to advocate for the strategic sector of crowdfunding in Italy and Europe.”
The President of AIEC, Alessandro Lerro, said the crowdfunding platforms joining this effort will allow initiatives to be networked among ecosystems, while fostering sharing of information on alternative finance.
Oliver Gajda, Director of EUROCROWD, emphasized their goal of providing members with access to resources and opportunities.
“Together, we will lead advocacy efforts, address regulatory challenges, and facilitate strategic engagement with decision makers, ensuring that our members’ interests are effectively represented.”
EuroCrowd has long been recognized as the top voice in the EU advocating on behalf of the industry. The different parties believe they will now have a strengthened voice in policy discussions.
Not too long ago, pan-European crowdfunding was approved by the EU, with issuers able to raise up to €5 million across all member states. Today, there are dozens of platforms approved to issue securities via online investing.
EuroCrowd stated that earlier in the year, the organization reached out to other national associations to enter an open discourse on potential collaborations. They aim to expand their network in a similar manner in other member states.