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Crowdsourcing Week’s Virtual Crowd Summit on Crowdfunding (27 August 2020) took a comprehensive look at both reward and equity crowdfunding with insights shared by international experts. This article sums up some key insights in to equity crowdfunding. The reward crowdfunding element of the event is covered .

Raising capital through equity crowdfunding

Andrew Zhang of Republic, a U.S. equity crowdfunding platform, took us through the essential structure of a money-for-equity campaign.

They have certainly hosted enough projects to have built up a wealth of insight and experience. Republic has enabled over 150 companies to raise a total of $45 million. Last year the average raise was $500,000. Most of the investors were non-accredited, and the raises were capped at a top limit of $1,070,000 by SEC regulations.

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Equity crowdfunding can run alongside other funding mechanisms that between them can bring in a maximum of $5m.

There is a strict vetting process to ensure that only the best opportunities are put to Republic’s database of investors: under 1% of all applicants end up launching a campaign. …


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Left to right: Carlos Pardo (who handled the construction of the OxyVita ventilator prototype), David Ortiz, Javier Robles, Daniel Rodríguez, Enrique López, and Enrique Ramírez, ennomotive CEO.

It is widely acknowledged that collective intelligence delivers better solutions compared to a limited number of team members working on an innovation project. However, what is not talked about enough is the effect of this open model on the innovation process lead-time. After five years spent working on open innovation challenges, I am still surprised by the power of crowdsourcing to accelerate the innovation process.

Crowdsourcing has an accelerating effect on each stage of an innovation process. Investing in resources during the early stages of an innovation project with the aim of capturing a broad number of ideas and solutions (and evaluating them correctly) truly accelerates the remaining stages of the process. Every stage thus benefits, from ideation to design and development, prototyping, and final implementation (production scale-up, customer adoption, etc.).

  • The design and development of a new product or process is easier if a simple solution is chosen during the evaluation and selection of concepts.
  • As long as technical viability and proven experience (in other countries and industries) are considered during the initial evaluation and selection, fewer changes and a lower number of prototypes will be required later on. …


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Main image credit: Joshua Hoehne on Unsplash.

Have you heard about Edelman Trust Barometer? This is a popular trust and credibility survey conducted annually by Edelman Intelligence, a global insight and analytics consultancy. The of the Barometer says that none of the four major societal institutions in the United States — government, business, NGOs, and media — is trusted.

Softening the blow is the fact that of the four institutions, business is perceived as the most competent. Still it lags NGOs in terms of ethical behavior. Both government and media are viewed as both incompetent and unethical.

“The most powerful currency in business”

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Photo by Micheile Henderson on…

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Crowdsourcing Week

A global stage for innovators to present collaborative solutions for the 21st century | Seeking guest contributors with something to say about the crowd economy

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