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A snapshot on crowdfunding

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  • Hemer, Joachim
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    Abstract

    This article addresses crowdfunding, a relatively new form of informal financing of pro-jects and ventures. It describes its principle characteristics and the range of players in this market. The different business models of crowdfunding intermediaries are explored and illustrated. A first attempt is made to classify the different forms of funding and business models of crowdfunding intermediaries. Based on the available empirical data the paper discusses the economic relevance of crowdfunding and its applicability to start-up financing and funding creative ventures and research projects. --

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    Bibliographic Info

    Paper provided by Fraunhofer Institute for Systems and Innovation Research (ISI) in its series Working Papers "Firms and Region" with number R2/2011.

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    Date of creation: 2011
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    Handle: RePEc:zbw:fisifr:r22011

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