Crowdfunding Sustainability

Natalia Maehle (), Pia Piroschka Otte () and Natalia Drozdova ()
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Natalia Maehle: Western Norway University of Applied Sciences
Pia Piroschka Otte: Ruralis – Institute for Rural and Regional Research
Natalia Drozdova: Norwegian School of Economics

Chapter 17 in Advances in Crowdfunding, 2020, pp 393-422 from Springer

Abstract: Abstract The chapter focuses on using crowdfunding for financing sustainable projects, that is projects aiming to extend their goal beyond market success and provide benefit to the larger part of society. The chapter discusses the definition and dimensions of sustainable development and sustainable entrepreneurship and provides an overview of the existing literature on crowdfunding of sustainable projects. The authors also review four European sustainability-oriented crowdfunding platforms representing different crowdfunding models. This review reveals that sustainable projects have rather high success rates in crowdfunding and may address all the three dimensions of sustainable development. However, environmental dimension gets the most attention. All the crowdfunding models are relevant for sustainable projects; yet, Loan-based crowdfunding seems to have the highest success rates. Moreover, focus on a particular dimension of sustainability may influence the choice of the crowdfunding model.

Keywords: Sustainability; Sustainable development; Crowdfunding models; Sustainable entrepreneurship; Sustainability-oriented crowdfunding platforms; Crowdfunding success; Crowdfunding challenges (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-46309-0_17

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DOI: 10.1007/978-3-030-46309-0_17

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