For the portals the way to the market is not easy: complying to requirements and registering with CONSOB is a lengthy, complicated and expensive process that causes platforms to remain inoperative in a limbo that in some cases lasts longer than one year. We’ve seen complex requirements in markets across the world, and despite early struggles, are hopeful for development in the marketplace in Italy as well.
Despite all these considerable obstacles, there is still hope for a functioning equity crowdfunding market in Italy. While only time and a capillary process of digital education will help bring to the next level of online investments in private companies, something could already be done at the framework level. A reassuring signal already came in July, when CONSOB announced that it was considering to review the regulation, expanding the possibility to raise capital through equity crowdfunding to other companies too, such as social enterprises and early stage investment funds. This further re-enforces the notion that crowd funding and crowd investing are much broader than startups only, and in Italy there may be a big market for targeting SMBs, real estate or infrastructure projects which could benefit from activity on a framework level or a few positive spearhead examples.
Furthermore, it is important not to forget that P2P lending and reward crowdfunding are already working helping to raise an interesting amount of capital. Therefore it will even take its time, but equity crowdfunding will eventually flourish in Italy too.
Image credit to N i c o l a http://bit.ly/1CluSNE
Born and raised in Milan, Italy, Irene is an International Business graduate, with a strong interest for innovative ideas that can simplify our lives.
During her studies, she co-founded an online community for sportspeople and worked in marketing positions at Ogilvy & Mather Advertising and at the European Business Angel Network, in Brussels. She is a passionate blogger about crowdfunding and the startup ecosystem.