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Innovational ways of project funding: theory and practice of crowd-funding


Ekaterina V. Spiridonova, Anastasia S. Shumovskaya, Dmitriy S. Soshnikov
(about the authors)

Spiridonova Ekaterina V. – Candidate of Science, Economics, Associate Professor of the Chair of Management (Novosibirsk State Technical University)

Shumovskaya Anastasia S. – Master’s student (Novosibirsk State Technical University)

Soshnikov Dmitriy S. – Master’s student (Novosibirsk State Technical University)

Published in:
Russian Journal of Entrepreneurship
– Volume 17, Number 17 (September 2016)

JEL classification: E22, M13, O30

Keywords: crowd-funding, funding, innovations, project


Citation:
Ekaterina V. Spiridonova, Anastasia S. Shumovskaya, Dmitriy S. Soshnikov (2016). Innovational ways of project funding: theory and practice of crowd-funding. Russian Journal of Entrepreneurship, 17(17), 2179–2192. doi: 10.18334/rp.17.17.36531


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Abstract:

The search for financial resources of project realization is a relevant problem for most first-time entrepreneurs. Crowd-funding is a modern and increasingly popular instrument for the attraction of financial resources of citizens or the so-called “national funding”. The author explains the definition “crowd-funding” and discusses the mechanism of work of crowd-funding platforms through the example of international and domestic ones. He also reveals certain technologies of successful campaigns and, finally, identifies the development prospects of crowd-funding.







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