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Entrepreneurial Ecosystem (view source)
Revision as of 16:09, 9 November 2015
, 16:09, 9 November 2015→Crowd Funding and Micro-finance
==Crowd Funding and Micro-finance==
===Crowd Funding===
Crowdfunding is the practice of pooling external financing from a larger group of investors contributing small amounts of capital. In recent development, crowdfunding exists primarily in online communities, where crowdfunders receive some private benefit in lieu of an investment. (Belleflamme, Lambert, Schwienbacher, 2014)
Popular Crowdfunding Forums
• Kickstarter
• Indiegogo
• Rockethub
===Micro-Finance===
Micro-finance institutions are banks that give small loans to individuals or groups with low interest rates. The clients of micro-finance institutions are often lower-income households and small business owners looking for micro-loans to expand or create a small business venture. Currently, micro lending in the developing world is significantly more prolific than in the United States or in other developed countries, due to a combination of policy and market obstacles. Though not exclusively, micro-finance institutions are often linked with non governmental organizations, social entrepreneurship, and nonprofit ventures in an attempt to stimulate economic activity and job creation in developing communities. (Sterner and Murdoch, 2001)
==Entrepreneurship Education==
