Expansion of the investor base for the energy transition

Despite the emergence of the green bond market, the Energy Service Company (ESCO) model and green investment banks, the opportunities which the world’s capital markets present to increase the pool of potential investors and reduce project financing costs for renewable, energy efficient and low carbon assets remain under-exploited. This has been a persistent concern for policy-makers. We review the appeal of this sector to different classes of investor and assess the successes and failures of several innovative products including securitisations, yieldcos, green bonds, green investment banks and crowdfunding. We analyse the experiences with these products and suggest that policy needs to recognise how fiscal initiatives can leverage their inherent appeal

New quality of financial institutions and business management

Economic processes in the world are characterized by a high level of dynamism, change and innovative approaches to addressing key issues in nowadays. In a context of globalization and European integration of Ukraine into a high-tech competitive environment in order to financing innovative projects, it is necessary to use Blockchain technology as an effective tool for digital economy. Purpose of scientific research is to find out key priorities and functionalities of Blockchain’s application for solving business and government tasks. The object of scientific research is the latest financial technology Blockchain and a system of cult-technologies: crowdsourcing, crowdfunding, crowdinvesting. Methodology. In the process of re-search, the following methods are used: generalization – in studying the nature, pre-conditions and principles of Blockchain technologies; formalization – when compar-ing characteristics of the latest forms of financing, such as crowdsourcing, crowd-funding, crowdinvesting. In the course of scientific research, key qualitative charac-teristics of digital economy are described and the dominant components of its devel-opment are investigated. The result of the article. The priorities, new principles of business management and possibilities of Blockchain technology as an effective digi-tal economy tool for solving business and government tasks are revealed. Future pro-spects from the implementation of crowd-technologies as an effective management tool in progress for solving the problems of innovative business are substantiated. Interconnection in the latest financial institution of creative initiatives realization is presented. The comparative analysis of management of new institutes of innovative development for Ukrainian economy in the course of doing business is carried out. The result of the research is presentation of the relationship in the latest financial in-stitution implementing creative initiatives and a comparative analysis of new insti-tutes of innovative development in the sphere of finance for the Ukrainian economy. Practical implications. The components of digital economy identified by the authors in the article are accelerators of the socio-economic life of Ukrainian society in the modern world and are capable of rapidly increasing Ukraine’s GDP. The described new forms of financing of Ukrainian start-ups (crowdsourcing, crowdfunding, crowdsourcing) are today quite interesting and effective tool for solving business problems in the financial, economic, innovative, marketing and marketing spheres. Value/originality. Blockchain technology, as an effective tool for Ukraine’s digital economy, is able to address the challenges of business and government, uncover the relationship between crowdsourcing, crowdfunding, crowdsourcing, and explain the content of innovative financial institutions for Ukraine’s economy

Oregon Capital Scan: A Line is Drawn

This report was written with the primary intention of helping to educate entrepreneurs and growth company leaders with respect to the variety and scale of capital sources currently available in the State. It is not uncommon for those seeking to enter the capital markets as an entrepreneur to possess a limited understanding of where capital can be found. This knowledge gap leads to a level of perceived risk uncertainty that inhibits company formation and growth. This report is not intended to instruct entrepreneurs in the skills required to secure funding, rather it is intended as a catalog of source data to enlighten as to the many different types of capital available. This report is also intended for policy makers and those who work to support the development of a thriving growth company ecosystem in the State. This includes the sponsors of this report who seek to find new ways to bring together education and resources to enhance the ability of those who choose to build their companies in Oregon. This report can serve as a baseline of quantitative data that may help everyone to better understand where we are as a State now, with respect to the key ingredient of growth capital, and help us measure our progress and improvements over time

German crowd-investing platforms: Literature review and survey

This article presents a comprehensive overview of the current German crowd-investing market drawing on a data-set of 31 crowd-investing platforms including the analysis of 265 completed projects. While crowd-investing market still only represents a niche in the German venture capital market, there is potential for an increase in both market volume and in average project investment. The market share is distributed among a few crowd-investing platforms with high entry barriers for new platforms although platforms that specialise in certain sectors have managed to successfully enter the market. German crowd-investing platforms are found to promote mainly internet-based enterprises (36%) followed by projects in real estate (24%) and green projects (19%), with the median money raised 100,000 euro

German crowd-investing platforms: Literature review and survey

This article presents a comprehensive overview of the current German crowd-investing market drawing on a data-set of 31 crowd-investing platforms including the analysis of 265 completed projects. While crowd-investing market still only represents a niche in the German venture capital market, there is potential for an increase in both market volume and in average project investment. The market share is distributed among a few crowd-investing platforms with high entry barriers for new platforms although platforms that specialise in certain sectors have managed to successfully enter the market. German crowd-investing platforms are found to promote mainly internet-based enterprises (36%) followed by projects in real estate (24%) and green projects (19%), with the median money raised 100,000 euro

Open Access eXchange (OAeX): an economic model and platform for fundraising open scholarship services

This article describes the Open Access eXchange (OAeX) project, a pragmatic and comprehensive economic model and fundraising platform for open scholarship initiatives. OAeX connects bidders with funders at scale and right across the open scholarship spectrum through crowdfunding: financial expenditure is regulated by a market of freely competing providers and financial transactions and transparency are assured by a clearing-house entity. Specifically, OAeX seeks to facilitate open access publishing without the barrier of article processing charges (APCs), as well as contribute to solving challenges of transparency and economic sustainability in open scholarship projects in the broader sense

Financing sustainable market actors in circular economy

Peer reviewe

Financing Early Stage Cleantech Firms

T HE report by the Intergovernmental Panel on Climate Change [47] highlighted the need to reduce greenhouse gas emissions and strive for decarbonization in order to restrict global warming. The Paris Agreement, a legally binding international treaty on climate change, has a vision of accelerating technology development and transfer [92] in order to reduce harmful carbon emissions. The development of new and innovative disruptive technologies to ameliorate and reverse the harmful effects of carbon emissions is emphasized by governments and international agencies [6], [53], [59], [102]. Large incumbent firms are well resourced to conduct this research and development (R&D), although small early stage ventures also play a significant role in innovation and invention [67], [76]. New enterprises have the advantages of agility, testing, and implementing new business models quickly [73], although they typically lack sufficient resources to develop and scale their business successfully

Do crowdfunding returns reward risk? Evidences from clean-tech projects

The growing literature on crowdfunding has mostly focused on the determinants of campaigns success, as well as on the legal and macroeconomic drivers of the crowdfunding diffusion as a mean to finance innovative projects. Still there are scant evidences on whether the returns for crowdfunders are consistent with the risk profile of crowdfunded projects. By studying 365 European clean-tech projects which raised capital via crowdfunding, we show that once the country risk has been accounted for, the returns are not consistent with the risks related to the technology adopted by the projects. Behavioral factors like bounded rationality or the cultural dimension of investors may explain this apparent mispricing of risks. While projects' returns are, on average, negatively related to risks, we find that projects offering better risk-adjusted returns attract relatively larger average contributions. Our results have important implications for understanding the drivers of crowdfunding returns and its sustainability, and particularly for its diffusion as an instrument to foster the transition to a low-carbon economy.info:eu-repo/semantics/acceptedVersio