Crowdfunding as a Development Tool for Small and Medium-sized Entrepreneurs In the Digital Economy in the Republic of Belarus
Link for download: Crowdfunding as a Development Tool for Small and Medium-sized Entrepreneurs In the Digital Economy in the Republic of Belarus.docx
Authors: Liudmila Mikalaeuna Makarava, Arina Viktarauna Galubtsova
Annotation: Crowdfunding is not just an alternative way of raising money, but a complex socio-economic model based on the principles of capital democratization and digital cooperation. The classification of crowdfunding into reward-based, debt-based, and equity-based crowdfunding has revealed that each model meets the needs of businesses at different stages of their life cycle. It has identified the criteria for choosing the optimal crowdfunding platform, which is particularly relevant for the Belarusian business context.
Keywords: Blockchain, Digital economy, Crowdfunding, Online platforms
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