[...] * Upscale crowdfunding: regulatory bottlenecks to crowdfunding should be removed, in order to grasp the opportunities to democratize investment and mobilize the resources of a large number of investors. Crowdfunding could help reducing the early-stage funding gap in Europe, but once again European legislation replicates the delays of the European investors – it was the US, which first legislated to simplify crowdfunding for business through the recent JOBS act.