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Title:
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CROWDFUNDING IN POST-MODERN TIMES
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Author:
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Madhav Kyatsandra, Sofiane Fekrache, Puneet Batra, Aman Sharma and Ogumwomoju Peter
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Keywords:
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Crowd funding, equity, reward, donation, lending, legislation, backers, investors, project, fundraising.
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Abstract:
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More and more projects and social initiatives are being funded outside the traditional channels of the financial system. Interest in crowdfunding is growing significantly, and our market study comes as a result of this trend to shed some light on this new and fast evolving industry. While successful projects continue to be launched on various crowdfunding platforms, it is our duty to lay emphasis on the advantages and disadvantages brought about by this new fund-raising technique.
In this study, we strived to report that equity, lending, donation and rewards-based crowdfunding open new possibilities for funding more entrepreneurs and other causes in boundless markets. We also worked to bridge crowdfunding with the academic context through a student oriented survey on crowdfunding and the content’s report, which has for objective, to inform and educate students and professionals of the potentials and benefits they may find.
Crowdfunding has the potential to help boost existing efforts to create entrepreneurial cultures and ecosystems in remote areas. Governments, through incentive legislations and NGO's, through public information and mentorship, have an ongoing role to play to act as sponsors in encouraging the creation of these revolutionary models of funding.
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