What´s Crowd Funding?

945 Words Jan 25th, 2018 4 Pages
It is also known as crowd financing and crowd source funding” (Turban, Volonino, & Wood, 2013).The great platform for the crowd funding creative project is Kickstarter. “Crowd funding relies on the participation of anyone who takes an interest in a particular goal or project” (Turban, Volonino, & Wood, 2013).To make easy and secure request, donate, and collect the online contributions crowd funding uses IT platforms. An integration of social networking, payment systems, and financing, e – commerce is crowd funding. It is responsible for the needs of market. Kick starter and other platforms provide the ability to support the growth of economy by funding project creators during hard economic times.
Crowd funding stages such as kickstarter and Indiegogo ensure features by aiding business persons to raise money. In the year of 2012 congress government approved the JOBS act that includes an endowment for equality based crowd funding. Life sciences may have many key issues that may obstruct the spreading of crowd funding. Firstly for satisfying the capital needs for drug and device development is it can be able to raise sufficient funds? Secondly are regulatory requirements will make it tough for crowd funded startups to gain follow-on venture from Venture Capitals (VC) and institutional investors? Lawton and Marom’s goal is to induce that crowd funding will…

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