IDEAS home Printed from
   My bibliography  Save this article

The use of equity crowdfunding to launch innovative ventures: insights from three cases


  • Gianluca Elia
  • Alessandro Margherita
  • Fabrizio Quarta
  • Pasquale Stefanizzi


Crowdfunding is the process of collecting money from a large audience to launch an entrepreneurial project. It is mostly based on the use of internet to gather financial resources and leverage the 'wisdom of crowds' to pre-validate the potential of a business idea. In particular, equity crowdfunding allows broad groups of investors to fund new companies in return for ownership of a piece of the business. It is thus an interesting option for supporting the launch of innovative companies, although its adoption is still limited by a number of complexities and an incomplete awareness of potential benefits. In such vein, this paper delineates the status of equity crowdfunding in Italy and presents the analysis of three successful equity crowdfunding campaigns, with the purpose to collect a set of lessons learned and provide useful insights for entrepreneurs and investors as well.

Suggested Citation

  • Gianluca Elia & Alessandro Margherita & Fabrizio Quarta & Pasquale Stefanizzi, 2018. "The use of equity crowdfunding to launch innovative ventures: insights from three cases," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 22(6), pages 578-596.
  • Handle: RePEc:ids:ijeima:v:22:y:2018:i:6:p:578-596

    Download full text from publisher

    File URL:
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijeima:v:22:y:2018:i:6:p:578-596. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.