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Sustainability 2018, 10(12), 4650; https://doi.org/10.3390/su10124650

Crowdfunding and Sustainable Development

WSB University in Wroclaw, 53-609 Wrocław, Poland
Received: 28 October 2018 / Revised: 19 November 2018 / Accepted: 5 December 2018 / Published: 6 December 2018
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Abstract

The aim of this article is to verify the hypothesis that crowdfunding campaigns with sustainable orientations are significantly more likely to convince investors and successfully raise funds. The research covered 50 successful crowdfunding projects’ reward and equity-based models, which were pledged on Polish platforms, and analyzed the context of the campaigns. Basic statistical non-parametric tests were used to analyze the data. The study shows that although there were big differences in the amount of raised funds and achieved success rates, the sustainable orientation of the project itself was not so important. It is worth noticing that the level of realization of the objectives of sustainable development was really low, and was not highlighted in the description. This paper explores the relevant success factors of crowdfunding projects, which is very important in order to prepare new ideas for financing and attract the crowd as an investor. View Full-Text
Keywords: alternative finance; sustainable development; crowdfunding alternative finance; sustainable development; crowdfunding
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
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Motylska-Kuzma, A. Crowdfunding and Sustainable Development. Sustainability 2018, 10, 4650.

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