Crowdfunding’s Potential in the Caribbean : A Preliminary Assessment
Among the multitude of barriers to growing businesses, access to finance is a principal challenge faced by Caribbean enterprises. infoDev’s Entrepreneurship program for innovation in the Caribbean (EPIC) Access to finance component aims to develop...
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| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/438091556795447168/Crowdfunding-s-Potential-in-The-Caribbean-A-Preliminary-Assessment http://hdl.handle.net/10986/31609 |
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okr-10986-316092021-05-25T09:23:18Z Crowdfunding’s Potential in the Caribbean : A Preliminary Assessment World Bank CROWDFUNDING SMALL AND MEDIUM ENTERPRISES MICROFINANCE ACCESS TO FINANCE PRIVATE SECTOR FINANCE TRADE AND COMPETITIVENESS ENTREPRENEURSHIP MIGRATION REMITTANCES FINANCIAL INFRASTRUCTURE REGULATION TECHNOLOGY INNOVATION Among the multitude of barriers to growing businesses, access to finance is a principal challenge faced by Caribbean enterprises. infoDev’s Entrepreneurship program for innovation in the Caribbean (EPIC) Access to finance component aims to develop an innovative access to finance program for growth-oriented Caribbean entrepreneurs. The focus is on building the pipeline of investment-ready enterprises through training and mentoring, as well as strengthening investors’ overall capacity to engage in innovative financing mechanisms, such as angel investing and crowdfunding. Over the past few years, there has been experimental use of crowdfunding by existing small and medium enterprises (SMEs) and start-ups in the Caribbean. Crowdfunding leverages Internet technology and offers a new path to capital formation that may mitigate some challenges, including geographic isolation and the limited size of local addressable customer and capital markets. This report’s scope is a preliminary assessment of the potential viability of crowdfunding in the Caribbean, which serves as an initial step for further research. This study presents recommendations for developing the framework for crowdfunding in the Caribbean that can benefit both existing SMEs as well as start-ups. 2019-05-03T19:10:39Z 2019-05-03T19:10:39Z 2017-12-31 Report http://documents.worldbank.org/curated/en/438091556795447168/Crowdfunding-s-Potential-in-The-Caribbean-A-Preliminary-Assessment http://hdl.handle.net/10986/31609 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research,Publications & Research Report Latin America & Caribbean Caribbean Barbados Jamaica St. Lucia Trinidad and Tobago |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
CROWDFUNDING SMALL AND MEDIUM ENTERPRISES MICROFINANCE ACCESS TO FINANCE PRIVATE SECTOR FINANCE TRADE AND COMPETITIVENESS ENTREPRENEURSHIP MIGRATION REMITTANCES FINANCIAL INFRASTRUCTURE REGULATION TECHNOLOGY INNOVATION |
| spellingShingle |
CROWDFUNDING SMALL AND MEDIUM ENTERPRISES MICROFINANCE ACCESS TO FINANCE PRIVATE SECTOR FINANCE TRADE AND COMPETITIVENESS ENTREPRENEURSHIP MIGRATION REMITTANCES FINANCIAL INFRASTRUCTURE REGULATION TECHNOLOGY INNOVATION World Bank Crowdfunding’s Potential in the Caribbean : A Preliminary Assessment |
| geographic_facet |
Latin America & Caribbean Caribbean Barbados Jamaica St. Lucia Trinidad and Tobago |
| description |
Among the multitude of barriers to
growing businesses, access to finance is a principal
challenge faced by Caribbean enterprises. infoDev’s
Entrepreneurship program for innovation in the Caribbean
(EPIC) Access to finance component aims to develop an
innovative access to finance program for growth-oriented
Caribbean entrepreneurs. The focus is on building the
pipeline of investment-ready enterprises through training
and mentoring, as well as strengthening investors’ overall
capacity to engage in innovative financing mechanisms, such
as angel investing and crowdfunding. Over the past few
years, there has been experimental use of crowdfunding by
existing small and medium enterprises (SMEs) and start-ups
in the Caribbean. Crowdfunding leverages Internet technology
and offers a new path to capital formation that may mitigate
some challenges, including geographic isolation and the
limited size of local addressable customer and capital
markets. This report’s scope is a preliminary assessment of
the potential viability of crowdfunding in the Caribbean,
which serves as an initial step for further research. This
study presents recommendations for developing the framework
for crowdfunding in the Caribbean that can benefit both
existing SMEs as well as start-ups. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Crowdfunding’s Potential in the Caribbean : A Preliminary Assessment |
| title_short |
Crowdfunding’s Potential in the Caribbean : A Preliminary Assessment |
| title_full |
Crowdfunding’s Potential in the Caribbean : A Preliminary Assessment |
| title_fullStr |
Crowdfunding’s Potential in the Caribbean : A Preliminary Assessment |
| title_full_unstemmed |
Crowdfunding’s Potential in the Caribbean : A Preliminary Assessment |
| title_sort |
crowdfunding’s potential in the caribbean : a preliminary assessment |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/438091556795447168/Crowdfunding-s-Potential-in-The-Caribbean-A-Preliminary-Assessment http://hdl.handle.net/10986/31609 |
| _version_ |
1764474724564336640 |