Crowdfunding to drive regional Innovation

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

CrowdInno deliverables - transnational quality label tools for crowdfunding services (reward-based, peer to peer, EQUITY) - Transnational innovation networks to support spin-offs, start-ups & SMEs to create partnership with creative sectors to attract investments, (e.g. crowdfunding) - training material and guideline to support public actors develop innovative services to support SMEs approaching crowdfunding - trainings for innovation promoters on crowdfunding - pilot actions on public supported campaigning models for crowdfunding