So, who are we? We are just another group of enthusiasts, who believe that there are not that many and that good crowdfunding platforms in our home countries – Italy and Bulgaria. So far, we developed this platform to try to enable cross-border entrepreneurial initiatives between these two and other countries. Initiatives, created by young people, seeking to accomplish something small or big – we respect all entrepreneurial endeavors, not only Elon Musk-alike.
Also, we need to mention, that without the support of the Erasmus+ Programme, we wouldn’t have been able to get this platform up and running. We are part of the 2016-2-BG01-KA205-024063 “Youth Crowd” Project.
Here’s some administrative data:
ASSOCIATION EXPERT POOL BULGARIA
ASSOCIAZIONE ARTISTICA CULTURALE A ROCCA
About the project
Association “Expert Pool – Bulgaria”, in partnership with „A Rocca“ organization – Italy, initiates the project “yCrowd” – a platform for collective (crowd) funding for young entrepreneurs.
Crowdfunding generally refers to an open call to the public to raise funds for a specific project.
There is great potential in crowdfunding to complement traditional sources of finance and contribute to the financing of the real economy. Crowdfunding can offer various benefits to a large spectrum of users which cannot find solutions for their funding needs.
Such a group are the young entrepreneurs seeking fast and affordable way to realize their ideas. The current project proposal “yCrowd”, aims to create a transnational instrument for promoting entrepreneurial attitudes and implementation of entrepreneurial projects of the youth from the partnering countries.
÷ Creating a platform for crowd funding of non-financial return (crowd sponsoring) youth projects.
÷ Raising the public awareness about crowd financing, promoting information and organizing training and confidence building.
÷ Elaboration of training modules for youth-project promoters to develop their entrepreneurial skills and attitudes.
Access to finance is one of the most pressing problems facing young entrepreneurs. Many projects’ demand for financing is not met by any existing sources of finance, which is referred to generally as the financing gap. Some segments of the economy, such as social enterprises or the cultural and creative sector, do not find many responses tailored to their needs, due to their specific characteristics including social objectives or the dependence on intangible assets and the high uncertainty of market demand. Crowdfunding matches small – or even bigger – contributors and investors directly with the projects in need of funds, mainly in the early stages.
The total project duration is 10 months.
The project activities include: elaboration of the platform for crowd funding of non-financial return (crowd sponsoring) youth projects – “yCrowd”; involving young people from the two partner countries – Bulgaria and Italy in entrepreneurship training and initiation of projects via the platform for crowd funding; conducting online information campaigns.