With the explosive development of technology, it becomes impossible for businesses to continue with traditional financing methods and they face significant issues with securing capital. Thus, there is a shift towards the search for alternative forms of financing, such as: Crowdfunding, Venture Capital and Business Angels.
Crowdfunding is famous for raising funds quickly and without having to give up equity in the company. Essentially, funding is provided by people who are willing to invest in the business in exchange for rewards or equity in the company. It is about raising funds from a large number of people through an online platform.
This type of investment in Greece is considered innovative with only two laws referring to it (4531/2015 and 4416/2016), while in the European Union a legislative initiative process has been initiated (European Commission Crowdfunding). Crowdfunding has categories depending on the design of the business plan and its successful outcome depends on knowledge of issues such as internet corporate law contracts, copyright and European legislation. The office can provide effective assistance and coverage in matters of investment activity.