Abstract (eng)
The thesis deals with the new trend of Civic Crowdfunding and evaluates it as an instrument for urban development. First, the work seeks to develop a theoretical foundation and to embed Civic Crowdfunding in contemporary discourses in Urban Studies. The empirical research of the work is based on a comparative case study analysis between selected Western-European Cities and one US-American city. The methods include semi-structured interviews with experts and a content analysis, as also a critical literature review, an analysis of several online Crowdfunding Platforms and site visits of ongoing and implemented Civic Crowdfunding projects. With the help of case studies, the potential of Civic Crowdfunding as an instrument for urban development is demonstrated and benefits and risks are identified. Lastly, the results are discussed in-depth and the usage in the context of urban development is evaluated. The thesis concludes with recommendations for the favorable utilization of Civic Crowdfunding.