Crowd funding as an innovative financial tool for the development of business ideas and social projects

The subject of the study is the theoretical foundations of crowdfunding as a promising source of
funding for business and social projects in Ukraine.
The purpose of the study is to theoretically substantiate the essence of crowdfunding and
substantiate the prospects for its further development in Ukraine.
Research methods. The dialectical method of scientific cognition, analysis, method of comparison
and generalization of data are used in the work.
Results of work. The article clarifies the essence of the type, the conditions of crowdfunding. The benefits
of crowdfunding for developers and investors are considered. The conditions of various crowdfunding
platforms are described. It is established that this type of financing is not widespread in Ukraine. Risks for
crowdfunding entities have been identified. It is established that the introduction of basic concepts in the
field of crowdfunding in the legal field will allow to use its potential to the full. The key factors that stimulate
crowdfunding have been identified. The specific features of crowdfunding in Ukraine are highlighted.
Field of application. Innovation management, financial management, enterprise finance.
Conclusions. The results of the study allow us to state that the legislative field is vital for the
further active development of crowdfunding in Ukraine. Crowdfunding has the potential to become an
alternative form of financing business projects at an early stage. The key advantages of crowdfunding
are the support of innovative solutions and startups, the creation of a transparent and effective
mechanism for public funding of projects