Crowdfunding - Reshaping the Crowd's Engagement in Culture
By ECORYS, European Crowdfunding Network, IDEA Consult, Directorate-General for Education, Youth, Sport and Culture, European Commission, 2017, 204 pages, ISBN 978-92-79-67975-9
The report Crowdfunding - Reshaping the Crowd's Engagement in Culture examines to what extent crowdfunding, an increasingly popular method of fundraising and community building, is being used in the cultural and creative sectors (CCS) in Europe. Based on a dataset of information from nearly 75,000 CCS crowdfunding campaigns, the study provides a unique insight into the uptake of crowdfunding since 2013 across different CCS subsectors and EU Member States, as well as into the use of different crowdfunding models, average amounts being raised and success rates. The study shows that running a CCS crowdfunding campaign very often serves other purposes beyond finance, such as audience development, community engagement, skills development, promotion and market research, making it an interesting tool for multiple types of CCS actors, including publicly-owned cultural institutions. The study also touches upon the development of partnerships between crowdfunding platforms and public and/or private funders, matchfunding schemes and other types of services. Based on the analysis, the study puts forward recommendations to policy makers on what is needed for crowdfunding to further develop as a multi-purpose tool for CCS practices.
The report is available at https://www.crowdfunding4culture.eu/study-reshaping-crowd%E2%80%99s-engagement-culture-now-available-0