Skip main navigation

Hurry, only 2 days left to get one year of Unlimited learning for £249.99 £174.99. New subscribers only. T&Cs apply

Find out more

Digital crowdfunding: an alternative for culture?

Online crowdfunding is more than just a source of finance for cultural organisations.
© European University Institute

In the following excerpt, Isabelle De Voldere (IDEA Consult) defines online crowdfunding and argues that it is more than just a source of finance for cultural organisations.

Online crowdfunding – the act of raising money through an online platform from a large group of donors – is an interesting, relatively recent, and innovative tool to provide cultural and creative actors with an alternative approach to access finance. By motivating the crowd to participate in cultural creation – either with donations, rewards, lending or equity – crowdfunding is not only generating finance for the sector. In fact, it is also providing new opportunities in audience development, promoting new types of stakeholder involvement and community engagement, as well as offering individuals and communities a direct understanding of cultural products.
© European University Institute
This article is from the free online

Culture in the Digital Age

Created by
FutureLearn - Learning For Life

Reach your personal and professional goals

Unlock access to hundreds of expert online courses and degrees from top universities and educators to gain accredited qualifications and professional CV-building certificates.

Join over 18 million learners to launch, switch or build upon your career, all at your own pace, across a wide range of topic areas.

Start Learning now