CrowdfundingCrowdfunding 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 Resources
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News and comment2017 How Innovative Funding Models Could Usher in a New Era of Worker-Owned Platform Cooperatives, Aug 28 [1]  UK Innovation Group Releases Report on Civic Crowdfunding For Cities, Jul 6 [2]  This Cincinnati Foundation Offers Residents $100,000 To Quit Their Jobs And Make A Difference, Jun 16 [3] Open Collectives: transforming our cities from the bottom-up, Apr 11 [4]  see also: Belgium, Funding 2016 Community philanthropy: a brave new model for development funding? Nov 29 [5] Democratic Money and Capital for the Commons, David Bollier, January 14 [6] 2015 Can soup change the world? March 13 [7] 2012 Collaborative Funding is the New Collaborative Consumption, April 9 [8] Interwiki linksWikipedia: Crowdfunding, Comparison of crowdfunding services External links
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