Crowdfunding to drive regional Innovation

Closed

CrowdInno`s main objective is to establish innovation networks enabling the public sector to support SMEs, spin-offs and start-ups to access qualitative alternative financing (crowdfunding) and to exploit the resulting findings for more innovation in the Danube Region. CrowdInno will enable public service providers to support spin-offs, start-ups & SMEs creating their pitching campaigns for crowdfunding. Further it will link the creative industry with the spin-offs, start-ups & SMEs in order to develop high quality pitching campaigns. Successful spin-offs, start-ups & SMEs will be ready for public/private match-funding. CrowdInno aims to create different pilot models of cooperation between those actors. Such models can be: 1. Incubator model - business incubators offer trainings on crowdfunding - local academic media-schools develop crowdfunding & pitching strategies with start-ups - start-ups will be presented on crowdfunding platforms 2. Innovation Fund model - start-ups use seed funds to create their pitching videos with the local creative industry - crowdfunding platforms take up those start-ups - successful campaigns receive match-funding from innovation funds 3. Crowd-selection model - the local media school gets funded to create pitching videos for local start-ups - a local social network selects the most promising start-ups (crowd-selection) - a jury conducts the final selection for the best start-up for innovation funding

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