Crowdfunding for healthcare goes European

Country

Germany

Two German networking organisations have announced plans for helping nascent biotechnology and medical device companies start operations in Europe by obtaining crowdfunding, which involves raising small amounts of money from a large number of people, typically via the Internet.

Would-be biotechs will be able to raise €1 million to €10 million with a prospectus and for amounts smaller than €1 million a prospectus will not be needed.