The Openeur website, which focuses on open innovation and entrepreneurship, has published a very comprehensive list of projects that use a crowdsourcing methodology, and also related agencies and platforms.  The post adopts a new label for the projects that use crowdsourcing to raise finance for things like managing rock bands or football clubs.  They call it ‘Crowdfinancing’ and I think I will use it from now on to describe projects of this type.

Although it might be seen as simply another new buzzword, it helps to avoid the over-use or the crowdsourcing term, which in my opinion should be limited to projects where individuals or groups, working within a defined framework, propose designs that are then assessed through a process that uses a degree of democratic selection (i.e. other participants in the crowdsourcing project have a means of voting on the submission which they consider to be the most suitable).

This entry was posted on Sunday, August 5th, 2007 at 3:52 pm and is filed under Business, Crowdsourcing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.