France to develop crowdfunding to spur innovation

Pierre Moscovici, French Minister of Economy and Finance has presented a bill on 4 September 2013, called “Simplifying life for business” (“Bill“). This provides for a specific status for crowd funding platforms, with the aim of supporting crowd funding platforms, developing this way of raising funds and ensuring the security of the donors, giving them the guarantee that the money is going to the project they wanted to participate in. On 30 September 2013, Fleur…