Innovation platforms
1 Crowdfunding platforms
Crowdfunding platforms bring people with innovative projects together with backers who are willing to invest in such projects. Usually, backers are private individuals who believe in the project and are less return driven. In general, the concept of crowdsourcing is not new, and early traits go back more than a hundred years. Owing to a funding gap, the completion of the Statue of Liberty was in jeopardy in the 1880s. The deficit of USD 100,000 was finally raised by 180,000 donors in a crowdfunding campaign by the New York World. However, today’s platforms have opened up many new possibilities for ...
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