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Collective financing of innovation: current state and prospects of crowdfunding


Sergey Sedelnikov
(about the author)

Sedelnikov Sergey R. – Postgraduate, Chair of Finance and Credit, Department of Economics (A. S. Griboedov Institute of International Law and Economics, Moscow)

Published in:
Creative Economy
– Volume 9, Number 4 (2015)



Keywords: classification of innovations, collective financing of innovations, crowdfunding, Indiegogo, innovation crowdfunding, innovations, Kickstarter, source of financing


Citation:
Sergey Sedelnikov (2015). Collective financing of innovation: current state and prospects of crowdfunding. Creative Economy, 9(4), 495-508. doi: 10.18334/ce.9.4.207


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Abstract:

The article describes crowdfunding, a new type of financing for innovative projects, and gives some project examples. The author reviews the existing classifications of innovations, proposes new values for classification criterion – the type of financing, and analyzes the current state of collective financing based on statistics from the Kickstarter and Indiegogo sites. He introduces the concept of innovation crowdfunding.







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