Crowdfunding is a fairly unique business funding option that is becoming increasingly popular and effective for burgeoning businesses.
Effectively it is the practice of funding a project or venture by means of money raised by a large number of people. This is a funding option typical of the digital age as the majority of these opportunities take form via an online resource and effective collaborative planning.
The result of this is a large financial backing that is secured by a large number of creditors. There are a variety of crowdfunding options available but each centres on providing the finance to the individual or company who have supplied the idea with the intention of investors receiving their investment back (or potentially more) on completion of the project with profitability.