In recent years, the increasing demand for digital cultural content has intensified the digitization challenges for cultural organizations. Among these difficulties, cultural organizations have been struggling to find the financial resources for digitizing their cultural heritage, as well as for storing data, developing digital skills, and implementing enhancement and management processes for their digitized materials. The financial sustainability of digitization projects has therefore been problematic, especially for small and medium organizations. In this framework, among its attempts to solve these issues, the European Union has launched the project Europeana, a digital platform uniting European digitized heritage and empowering cultural organizations through a variety of services. The aim of our research was to investigate the Europeana project to understand how it eases the financial costs of digitization for cultural organizations, and how the Europeana model could bring insights into how to improve the financial sustainability of digitization of cultural heritage.

This study seeks to address a research gap about the role of participatory governance as a success factor in successful equity crowdfunding (ECF) campaigns in the cultural heritage sector. The research stems from calls coming from both equity crowdfunding and cultural heritage research. Concerning equity crowdfunding research, academics have pointed out the need for more research on specific economic sectors and topics related to governance. Concerning cultural heritage and equity crowdfunding, our investigation is in line both with the calls for differentiation of funding schemes that could increase the financial resilience of cultural heritage organizations and with the academic and policy debate on the need to promote engagement and participation, also through participatory governance. Via QCA (Qualitative Comparative Analysis), this research investigates the peculiarities and success factors of equity crowdfunding for cultural heritage, with a special focus on participatory governance. The results indicate that ECF campaigns in this field can raise more funds than the targeted ones if they propose participatory governance schemes and enhance emotional and cultural heritage-related signals, thus differentiating ECF in cultural heritage from ECF in other sectors.

The demand for digitized cultural heritage has increased over the last few decades; digitization is indeed considered a powerful means to preserve and enhance cultural heritage and make it accessible to the wider public for education and research purposes. However, digitizing cultural heritage is a complex process, requiring specific competencies, skills, software, technologies, and, therefore, human and financial resources. Cultural organizations are therefore rethinking their traditional business models, often deciding to outsource their digitization projects or implementing PPPs—public–private partnerships. This is particularly evident in developing countries, where it is also challenging to find the required resources locally and international cooperation is sometimes necessary. However, international PPPs for the digitization of cultural heritage present several unsustainable aspects. There is therefore a need for a deeper understanding of which practices should be implemented to sustainably manage these collaborations. This paper aims to investigate this topic using a case study analysis of two international PPPs for the digitization of cultural heritage in Brazil. The analysis highlights relevant managerial choices that led these projects to positively impact local social, economic, and environmental development, thus bringing early insights to advance the academic and practice discussions on the above-mentioned topic.

In Memoriam: Professor Fabio Donato (1969–2023)