Historically, funding for startups comes from venture capitalists. And for efficiency reasons that leads to concentration: Venture capitalists and startups tend to be in the same places. As a result, large regions of society lack the fresh energy and job creation that business innovation brings. Crowdfunding is changing that. Online platforms, such as Kickstarter, deliver funding to startups wherever they are. That’s a good thing for a healthy economic development throughout society, as this study shows.
Crowdfunding brings business innovation to underserved regions
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