Enhancing Entrepreneurial Abilities through Various Crowdfunding Models

Abstract

This study aims to study different crowdfunding models and how those models enhance entrepreneurial abilities. The study conducted on Arabic region by using different models of Crowdfunding platforms (reward, donation, equity, lending) as the field of study. The population of (15) platforms consist of: individuals, entrepreneurs, investors, employees at Crowdfunding platforms. Descriptive and quantitative approach used in this article, and a questionnaire used as a tool to collect primary data. The results showed an agreement from respondent on the importance of reward base model for financing small and micro startup projects. Also results showed that lending models still need more legislation involve assuring the credibility of project owners. Additionally, from regression analyses data showed that Crowdfunding models effect on entrepreneurial abilities. The study recommended more governmental and private sector rolling those models of Crowdfunding, developing regulations that organize different Crowdfunding models, especially lending and equity, and give more flexible platforms that could serve many Arabic countries.

Keywords: Entrepreneurial Abilities, Crowdfunding, reward, donation, lending, equity