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What is Backers

Creating Social Value Through Social Entrepreneurship
A person, institution, or country that supports someone or something, especially financially.
Published in Chapter:
A Magical Tool for Social Entrepreneurship: Crowdfunding
Erkut Altındağ (Beykent University, Turkey)
Copyright: © 2021 |Pages: 14
DOI: 10.4018/978-1-7998-4727-4.ch007
Abstract
In recent years, sharing behaviors, collective actions, and individual participation have gained momentum in terms of shared value creation understanding. Crowdfunding is one of the results of this new emphasis on collective participation. Where social entrepreneurship is a shining trend, financing of investments becomes increasingly essential. As social entrepreneurs struggle with the disadvantages of acquiring financial resources, crowdfunding appears to be an innovative tool to overcome financial shortcomings. In this chapter, the crowdfunding concept and its types are explained. Also, evidence of the organic bond between crowdfunding and social entrepreneurship with current examples from the world and Turkey is presented.
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