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Crowdfunding has emerged as a transformative financial mechanism that empowers individuals, startups, and social enterprises to raise funds directly from a large and diverse audience. This study explores the conceptual knowledge, role and significance of crowdfunding in modern economies, emphasizing its potential to democratize access to capital, foster innovation, and support community-driven initiatives. The various crowdfunding models were evaluated such as donation-based, reward-based, equity-based, and debt-based fund mobilization. Various This research aims to uncover the factors driving their success and the challenges faced by campaign organizers. Furthermore, the study also highlights how crowdfunding bridges gaps left by traditional financial systems, promotes inclusivity, and facilitates global connectivity. Insights gathered from case studies and stakeholder interviews will provide a comprehensive understanding of the impact of crowdfunding on economic and social development. Ultimately, this research seeks to offer actionable recommendations for optimizing crowdfunding strategies to maximize their effectiveness and reach.
Keywords:
Crowdfunding, Startups, Entrepreneurship, Venture Capital etc.
Cite Article:
"CROWD FUNDING: ROLE AND SIGNIFICANCE IN FINANCIAL SYSTEM", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2456-3315, Vol.9, Issue 3, page no.778-779, March-2024, Available :http://www.ijrti.org/papers/IJRTI2403107.pdf
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000327
ISSN:
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator