CrowdStream - CROWDfunding to mainSTREAM innovation

A major challenge for the sustainable economic & social development in the Danube region is the difficulty in accessing finance for small & micro enterprises.
Availability of bank loans for SMEs & spin-offs & social enterprises has since the beginning of the fin. crises declined by more than 25%, while collateral requirements have increased by 34%. SMEs still contribute more than half of total value added in non-financial economy & provided 80% of all new jobs.

Lack of finance for small enterprises continues to have a negative impact on the innovative economy & the job market. Banks or public guarantee funds cannot solve this challenge. Current regulations such as Basel IV make it impossible for banks to finance risky innovative businesses. Even the EC identified this as a European Challenge and answers with strategies on alternative financing.

Thus, EUSDR Priority Axis coordinators nominated in April 2016 CrowdStream as a strategic project to address the challenges highlighted under PA 8 COMPETITIVENESS OF ENTERPRISES & PA 10 STEP UP INSTITUTIONAL CAPACITY.

CrowdStream`s main objective is to improve the effectiveness of public/private business-support for innovative spin-offs & social enterprises to access qualitative alternative financing (crowdfunding)

The CrowdStream project will initiate a change in the financing market. Due to quality labelling and capacity building activities there will be a major shift from donation based to equity based crowdfunding.

The main project result will be:
Improved cooperation between business-support-organisations and enterprises to guarantee a qualitative access to crowdfunding

Outputs.
Training:
- Trainings for public actors providing services for enterprises approaching crowdfunding (CF)
- trainings for businesses on crowdfunding
Tools
- transn. quality label for CF
Pilot Action
- pilot actions on campaigns for CF
Strategies:
- Transnational & Regional APs to improve access to alternative finance for enterprises

 

CROWDfunding to mainSTREAM innovation
Start date
01-12-2016
End date
31-05-2019
Budget in Euro
Overall: 1649950
ERDF Contribution: 1178578,11
IPA Contribution: 223879,37
ENI Contribution: 0
Call number
Call 1
Priority
Innovative and socially responsible Danube region
Specific objective
Improve framework conditions for innovation

Library

As soon as the project achieves an output, it will be published in this section. Check the project webpage for more information
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Project Partners

Name Type Email Country
Agency for European Integration and Economic Development Lead partner Karin.rainer@aei.at Austria
South Bohemian Agency for Support to Innovative Enterprising ERDF partner vesela@jaip.cz Czech Republic
ConPlusUltra Ltd. ERDF partner brigitte.hatvan@conplusultra.com Austria
Slovak Business Agency ERDF partner pitonak@sbagency.sk Slovakia
Pannon Business Network Association ERDF partner lazary@pbn.hu Hungary
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Programme co-funded by European Union funds (ERDF, IPA, ENI)