Open Innovation 2.0 - Dan marom parallel 1 final

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Transcript of Open Innovation 2.0 - Dan marom parallel 1 final

1. TheCrowdfundingRevolutionEU Open Innovation 2.0 ConferenceDan Marom | Dublin | May 20, 2013 2. 23 million articles100,000 contirbutors285 Languages 3. The CrowdEmpoweredOrganization 4. About mewww.danmarom.comEntrepreneurial Finance 5. Crowdfunding is the collectiveeffort of individuals who networkand pool their resources, usuallyvia the Internet, to supportefforts initiated by other peopleor organizations.- Wikipedia 6. "crowdfunding is an importantcontributor to thedemocratization of innovation the biggest paradigm shift ininnovation since the IndustrialRevolution.- MIT Professor Eric von Hippel 7. More than 500Crowdfundingplatforms 8. 1234 9. May 16, 2013 10. 1.1 Million campaigns27% Social causes, 20% Art,17% Business.2012 = $2.7BN 11. 2012 = $2.7BN2013 = $5.1BN 12. Europe 35% of the total global funding, 42% of the campaigns. 13. Crowd-Engagement 14. Crowdfunding is muchmore than (only) moneyCrowd-Engagement! 15. Growing CF Applications Accelerating INNOVATION 16. Call for ACTIONRegulationEducationResearch 17. Yesterday, it was a big deal if you couldget Intel to invest in your company.Tomorrow, you will seek funding from 500Intel employees, who are all better qualifiedto vet your technology startup than 90% ofthe people in Intels investment arm. Thesecrowdfunders are also willing to make adecision to invest in six hours rather thansix months.- Fred Trotter 18. Yesterday, it was a big deal if you couldget Intel to invest in your company.Tomorrow, you will seek funding from 500Intel employees, who are all better qualifiedto vet your technology startup than 90% ofthe people in Intels investment arm. Thesecrowdfunders are also willing to make adecision to invest in six hours rather thansix months.- Fred Trotter 19. Yesterday, it was a big deal if you couldget Intel to invest in your company.Tomorrow, you will seek funding from 500Intel employees, who are all better qualifiedto vet your technology startup than 90% ofthe people in Intels investment arm. Thesecrowdfunders are also willing to make adecision to invest in 6 hours rather than 6months.- Fred Trotter 20. ThanksDan Marom | me@danmarom.com