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1 Market overview
1.1 Definition and presentation of the crowdfunding market
The crowdfunding market has grown exponentially in recent years. From 2017 to 2018, Europe saw 95% growth in this market[Health Inequalities]. This form of participatory financing enables individuals and companies to raise funds from a wide audience via dedicated online platforms. In Spain, numerous crowdfunding platforms have sprung up, covering diverse sectors such as entrepreneurship, culture, social projects and many others.
Crowdfunding offers many advantages for :
- project initiators can bypass traditional funding channels and obtain the funds they need to bring their ideas to fruition ;
- contributors can support projects that interest them and become actively involved in their development. In return, they can receive rewards, exclusive products or even a stake in the company.
The regulations governing crowdfunding in Spain have also been adapted to encourage its development. The authorities have put in place a legal framework to regulate and supervise the activities of crowdfunding platforms, offering greater confidence to investors and project owners alike.
The crowdfunding market in Spain has made it possible to finance many innovative and creative projects. It is a real catalyst for entrepreneurship and encourages the emergence of new ideas and initiatives. With an increasingly committed community of contributors, the crowdfunding market in Spain continues to thrive, offering new opportunities for collaborative financing and the realization of ambitious projects.
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