Crowdfunding: Online Charity or a Modern Tool for Innovative Projects Implementation?

  •  Denis A. Profatilov    
  •  Olga N. Bykova    
  •  Maria O. Olkhovskaya    


Crowdfunding is a promising field of financing high-risk innovative projects. The start-up developers raisemoney needed for their start-up implementation on a crowdfunding-platform by means of the Internet. Theinvestors may also include ordinary citizens who wish to support this or that original idea and contribute to itsimplementation. The possibility of access to a completely new product (and before the official sales) is the mainmotive for financing projects.

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