Crowdfunding in sustainable innovation: Insights from and for Poland

Jakub Bętkowski, Kaisa Johanna Matschoss, Juha Petteri Repo, Anita Tregner-Mlinaric

Research output: Book/ReportCommissioned reportProfessional

Abstract

The take up of innovative services and products has contributed to creative thinking also in terms of new sources of financing. Innovation processes are characterised by constant development, and it is beneficial if models of financing can be aligned to that. Crowdfunding, i.e. collecting finance from publics, has emerged as a new alternative also in the field of sustainable innovation. Crowdfunding is particularly interesting for Small and Medium size companies (SME’s) looking for financing when their product or service is not considered quite ready for investments. This policy brief looks how crowdfunding relates to sustainable innovation. It introduces crowdfunding as an activity, discusses it in relation to sustainable innovation and looks at the development of crowdfunding in Poland. This policy brief looks at crowdfunding from several levels: a strategic, programmatic and case level. Concerning Poland crowdfunding environment it is based on legal freedom of contracting. With that in mind ones can come to conclusion that in case of fraud there are money obstacles to properly secure backers (especially with equity crowdfunding) and prevent crowdfunding of projects that violate IPR. The legislation systems is also unprepared for adequately taxing the crowdfunding platforms, idea providers and profits of backers.
Original languageEnglish
Publisher¨Public Participation in Developing a Common Framework for Assessment and Management of Sustainable Innovation, CASI
Publication statusPublished - 22 Dec 2015
MoE publication typeD4 Published development or research report or study

Fields of Science

  • 1172 Environmental sciences
  • 512 Business and Management
  • 511 Economics

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