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Crowdfunding Sustainability

In: Advances in Crowdfunding

Author

Listed:
  • Natalia Maehle

    (Western Norway University of Applied Sciences)

  • Pia Piroschka Otte

    (Ruralis – Institute for Rural and Regional Research)

  • Natalia Drozdova

    (Norwegian School of Economics)

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.

Suggested Citation

  • Natalia Maehle & Pia Piroschka Otte & Natalia Drozdova, 2020. "Crowdfunding Sustainability," Springer Books, in: Rotem Shneor & Liang Zhao & Bjørn-Tore Flåten (ed.), Advances in Crowdfunding, edition 1, chapter 17, pages 393-422, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-46309-0_17
    DOI: 10.1007/978-3-030-46309-0_17
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