Name of the Social Innovation: CrowFunding
Crowdfunding is a way to finance projects before their implementation. Mostly on internet platforms, founder can present their projects for interested people. This people can give money to the project, if they want to have realized the project. Compared to microcredits the money lenders don’t get interests, if the project is successful. Rather they get little presents, intellectual property rights or amenities of the projects. Also every lender can just give a small percentage of the whole amount of money, which is to collect. In the beginning of crowdfunding there were many musicians, who tried to finance new albums on this way, to avoid deals by big mayor labels. But also movies were financed on this way, especially alternative movies, which don’t seem promising in the financial way. Nowadays there are a lot of platforms, on which are offered a lot of different projects, from fine arts, to business ideas. In the following there are listed some examples.
Website: https://en.wikipedia.org/wiki/Crowdfunding
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