Crowdfunding’s Potential in the Caribbean: A Preliminary Assessment

doi:10.1596/31609

Publication:
Crowdfunding’s Potential in the Caribbean: A Preliminary Assessment

dc.contributor.author	World Bank
dc.date.accessioned	2019-05-03T19:10:39Z
dc.date.available	2019-05-03T19:10:39Z
dc.date.issued	2017-12-31
dc.description.abstract	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.	en
dc.identifier	http://documents.worldbank.org/curated/en/438091556795447168/Crowdfunding-s-Potential-in-The-Caribbean-A-Preliminary-Assessment
dc.identifier.doi	10.1596/31609
dc.identifier.uri	https://hdl.handle.net/10986/31609
dc.language	English
dc.publisher	World Bank, Washington, DC
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	CROWDFUNDING
dc.subject	SMALL AND MEDIUM ENTERPRISES
dc.subject	MICROFINANCE
dc.subject	ACCESS TO FINANCE
dc.subject	PRIVATE SECTOR FINANCE
dc.subject	TRADE AND COMPETITIVENESS
dc.subject	ENTREPRENEURSHIP
dc.subject	MIGRATION
dc.subject	REMITTANCES
dc.subject	FINANCIAL INFRASTRUCTURE
dc.subject	REGULATION
dc.subject	TECHNOLOGY INNOVATION
dc.title	Crowdfunding’s Potential in the Caribbean	en
dc.title.subtitle	A Preliminary Assessment	en
dc.type	Report	en
dc.type	Rapport	fr
dc.type	Informe	es
dspace.entity.type	Publication
okr.crossref.title	Crowdfunding’s Potential in the Caribbean
okr.date.disclosure	2019-05-02
okr.doctype	Publications & Research,Publications & Research
okr.doctype	Report
okr.docurl	http://documents.worldbank.org/curated/en/438091556795447168/Crowdfunding-s-Potential-in-The-Caribbean-A-Preliminary-Assessment
okr.guid	438091556795447168
okr.identifier.doi	10.1596/31609
okr.identifier.externaldocumentum	090224b086c2693b_1_0
okr.identifier.internaldocumentum	31021896
okr.identifier.report	136515
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/438091556795447168/pdf/Crowdfunding-s-Potential-in-The-Caribbean-A-Preliminary-Assessment.pdf	en
okr.region.administrative	Latin America & Caribbean
okr.region.country	Barbados
okr.region.country	Jamaica
okr.region.country	St. Lucia
okr.region.country	Trinidad and Tobago
okr.region.geographical	Caribbean
okr.sector	Financial Sector
okr.theme	Financial and private sector development :: Micro, Small and Medium Enterprise support
okr.topic	Finance and Financial Sector Development::Access to Finance
okr.topic	Finance and Financial Sector Development::Financial Structures
okr.topic	Finance and Financial Sector Development::Microfinance
okr.topic	Information and Communication Technologies::ICT Applications
okr.topic	Private Sector Development::Microenterprises
okr.topic	Private Sector Development::Small and Medium Size Enterprises
okr.unit	Trade and Competitiveness Global Practice