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Crowdfunding touted to bolster economic growth

According to the report Crowdfunding's Potential in the Caribbean: A Preliminary Assessment, crowdfunding in the Caribbean could bolster early stage capital markets, entrepreneurship, creativity, economic growth, and employment – provided that policymakers create the right environment.
 
The report was commissioned and recently released by infoDev, a global innovation and entrepreneurship program at the World Bank Group. 
 
Crowdfunding is the process of financing a project or venture by soliciting funds from a large group of people, primarily through the internet. 
 
Crowdfunding and other forms of virtual alternative finance are flourishing around the world and in the Americas. 


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