MBB Permanent Delegate in Brussels, Daniel Debono, was invited to participate as a panellist at the 2015 European Crowdfunding Convention, organised by the European Crowdfunding Network (ECN). The panel debate discussed the impact of crowdfunding on climate change, culture and social causes.
Mr Debono commented on the potential that crowdfunding has to offer, particularly when it comes to attracting investors that are looking for a financial return, but also feel that they are contributing towards the environment or society. Crowdfunding is a means of democratising investment, whereby the investor personally decides to put money in a project and then sees it come to fruition. Naturally, the element of risk, especially with regards to investing in start-ups, is there, but this is why the public is encouraged to diversify its personal investment portfolio as widely as possible.
Mr Debono also discussed the latest developments of ZAAR Crowdfunding Malta, the island’s first rewards-based crowdfunding platform co-founded by the Malta Business Bureau and the University of Malta. He explained how, in a strategic partnership with the Arts Council Malta, this platform would be offering a hybrid instrument to clients from the cultural and creative sectors. The aim of the platform is for individuals to raise projects through a blend of crowdfunding public grants. This idea was well received and commended as a best practice for the crowdfunding industry.