According to a report in Innovation Committee , the local market has yet to fully embrace crowdfunding, which it puts down to a lack of regulation in UK compared to the “progressive approach” of Ireland regulators. The report states that this lack of bespoke regulation leaves gaps in consumer protections, preventing the sector from gaining mainstream popularity. The outlook for the Irish crowdfunding sector which includes indigenous players such as www. A recent report from the Oireachtas ( Oireachtas Legislature) Jobs, Enterprise, and the Irish Examiner recommends the government legislate crowdfunding to “set the conditions for SMEs in the creative economy to thrive."
According to a report in Innovation Committee , the local market has yet to fully embrace crowdfunding, which it puts down to a lack of regulation in UK compared to the “progressive approach” of Ireland regulators. The report states that this lack of bespoke regulation leaves gaps in consumer protections, preventing the sector from gaining mainstream popularity. A recent report from the Oireachtas ( Oireachtas Legislature) Jobs, Enterprise, and the Irish Examiner recommends the government legislate crowdfunding to “set the conditions for SMEs in the creative economy to thrive."