Crowdfunding Seen Providing $65 Billion Boost to the Global Economy in 2014 (Infographic)

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Entrepreneur.com by Catherine Clifford | January 16, 2014

Crowdfunding is big. Really big. And it's going to get a whole lot bigger.

If you've been skeptical of all the crowdfunding buzz, consider this: By the end of 2014, crowdfunding is estimated to add at least 270,000 jobs and inject more than $65 billion into the global economy, according to estimates from crowdfunding platform Fundable.

Related: Equity Crowdfunding Takes Shape in Canada

In eight months, Fundable has been able to help startups raise $50 million worth of commitments, either in the form of donation-based or equity crowdfunding. In donation-based crowdfunding, an individual solicits funds from a group and in exchange gives a gift, like a tote bag or product sample. Equity-based crowdfunding is where a company sells a portion of its company in exchange for cash. Currently, an entrepreneur can only equity crowdfund from accredited investors who meet standard requirements for wealth. A law has been passed and provisional rules written which, when final, will allow entrepreneurs to equity crowdfund from anyone with the cash and the interest.

 

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The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada crowdfunding hub providing education, advocacy and networking opportunities in the rapidly evolving crowdfunding industry. NCFA Canada is a community-based, membership-driven entity that was formed at the grass roots level to fill a national need in the market place. Join our growing network of industry stakeholders, fundraisers and investors. Increase your organization’s profile and gain access to a dynamic group of industry front runners. Learn more About Us |Prezi or contact us at casano@ncfacanada.org.

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2 Responses to Crowdfunding Seen Providing $65 Billion Boost to the Global Economy in 2014 (Infographic)

  1. […] multibillion dollar crowdfunding industry wouldn’t be where it is today without the people on this […]

  2. […] Related: Crowdfunding Seen Providing $65 Billion Boost to the Global Economy in 2014 (Infographic) […]

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