Assessing the Maturity of Crowdfunding and Alternative Finance Markets

Abstract

In order to assess how public authorities and crowdfunding platforms can collabo-rate, it is essential to understand the different levels of maturity of the Crowdfunding ecosystem. The chapter analyses concepts developed in the crowdfunding literature. It establishes a unified framework to understand the increasing complexity of crowdfunding industries, by discussing the conceptual framework of Crowdfunding success. It proceeds to describe several models of maturity of industries by applying entrepreneurial ecosystem theory to the alternative finance space. Lastly, it transfers entrepreneurial ecosystem theory to the alternative finance regulation and the four scenarios of fitting crowdfunding and alternative finance into existing regulation.