The European Commission has announced that it is to investigate the possible role of crowdfunding in supporting research and innovation projects.
In a communication on crowdfunding, published on 27 March, the Commission said that it will undertake a study of the potential of getting research funded through donations attracted through the internet and other media. This project will also look at how tax incentives for R&D and innovation could be used to stimulate such funding.
A second, broader study by the Commission will examine how crowdfunding fits into the wider financial system, and what crowdfunding mechanics are used by which types of projects, according to the communication.
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