This crowd backed a winner: Bernese football fans gather outside parliament on May 20 after their team, Young Boys, won the Swiss league
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Swiss crowdfunding platforms dealt with CHF375 million ($377 million) in 2017, almost three times as much as the previous year. Some 160,000 people supported a crowdfunding project.
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Plataformas de ‘crowdfunding’ se expandem na Suíça
Over the past eight years, more than half a billion francs have been collected via the “swarm-based form of financing”, said the Lucerne University of Applied Sciences and Arts on Monday.
Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the internet.
The main driver of growth in recent years has been the crowdfunded financing of small and medium-sized businesses and investments in property, according to the university.
The report’s authors expect crowdfunding in Switzerland to break the billion-franc mark by the end of the year.
At the end of April, 43 crowdfunding platforms had a physical presence in Switzerland. Many other internationally focused platforms were not registered in Switzerland.
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The crowd isn’t always a reliable partner
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The arts are one of the major beneficiaries of crowdfunding in Switzerland. But that isn’t to say that every project is successful – far from it.
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Kin of French avalanche victims crowdfund to cover ‘rescue’ costs
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“This pot aims at covering the costs of searches carried out by the rescue services to find our loved ones carried away by an avalanche in the region of Valais in Switzerland, as well as their repatriation,” reads the appeal on an internet platform. So far, the campaign has managed to raise more than €38,000…
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Thanks to crowdfunding, Swiss university students can build an airplane and solve an energy problem. But is this the best way to finance good science?
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The market for crowdfunding - where people invest their money through online business platforms – rose by 36% in Switzerland last year, to CHF15.8 million ($17 million). But the sector still lags far behind countries such as the United States or the United Kingdom.
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If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.