Crowd Funding: A Way to Finance Entrepreneurs in Cooperative Sector

Abstract

Crowd funding is one of the latest methods of financing people which was first applied in developed
countries and then in developing countries. According to the nature of the cooperation that has been
established on the basis of collaboration NABA, this method can be a successful way to fund
entrepreneurs and knowledge-based plans. The aim of this study is to provide a model for funding
projects based on Crowd funding. This study was conducted using the Delphi method and survey from
experts (executives and managers in Cooperative Investment Guarantee Fund, Cooperative Development
Bank and the Department of Employment and Entrepreneurship of Ministry of Labor and Social
Welfare). As a result of the research, a model of Crowd funding which was native in cooperative section
and is a mixture of borrowing and partnership in income was presented. this can cause the growth of
entrepreneurship and the development of the cooperative sector.