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Funding community action
Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people, today often performed via internet-mediated registries, but the concept can also be executed through mail-order subscriptions, benefit events, and other methods. Crowdfunding is a form of alternative finance, which has emerged outside of the traditional financial system.
The crowdfunding model is based on three types of actors: the project initiator who proposes the idea and/or project to be funded; individuals or groups who support the idea; and a moderating organization (the "platform") that brings the parties together to launch the idea.
In 2013, the crowdfunding industry raised over $5.1 billion worldwide. W
News and comment
How Innovative Funding Models Could Usher in a New Era of Worker-Owned Platform Cooperatives, Aug 28 
UK Innovation Group Releases Report on Civic Crowdfunding For Cities, Jul 6 
This Cincinnati Foundation Offers Residents $100,000 To Quit Their Jobs And Make A Difference, Jun 16 
Open Collectives: transforming our cities from the bottom-up, Apr 11 
see also: Belgium, Funding
Community philanthropy: a brave new model for development funding? Nov 29 
Democratic Money and Capital for the Commons, David Bollier, January 14 
Can soup change the world? March 13 
Collaborative Funding is the New Collaborative Consumption, April 9 
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