Online Crowdfunding in Turkey

Table of Contents

1. Introduction

2. The Crowdfunding Phenomenon

2.1 Definition of Crowdfunding

2.2 The Typology of Actors in Crowdfunding

2.3 Main Drivers of Success: Crowdfunding

3. Profiling Turkey: Economy & Entrepreneurship

3.1 Entrepreneurship in Turkey

3.2 Analyzing Turkish Entrepreneurship with the Legatum Prosperity Index

3.3 Turkish Entrepreneurship in Comparison to G-20

4. Online Crowdfunding in Turkey

4.1 Turkish Crowdfunding Platforms in a Comparative Perspective: Tracing the Babysteps

4.2 Embracability of Crowdfunding in Turkey

4.3 State of Crowdfunding Organs in Turkey: A Lock & Key Assessment of Turkey and Crowdfunding

5. Framework: Three Pillars for the Creation of a Consistent Turkish Crowdfunding Culture

6. Discussion of the Framework

7. Conclusion

Objectives and Themes

This thesis examines the international applicability of the crowdfunding phenomenon by contextualizing it within the Turkish entrepreneurship ecosystem. It explores how crowdfunding can serve as an alternative financial mechanism to support start-ups and foster economic development in Turkey, addressing the specific challenges and structural limitations of the current Turkish entrepreneurial landscape.

• Theoretical foundation and dynamics of global crowdfunding.
• Economic and entrepreneurial profile of Turkey including comparative indices.
• Performance analysis of Turkish crowdfunding platforms versus international benchmarks.
• Barriers to entry such as trust gaps and educational deficiencies.
• Development of a three-pillar framework (Regulation, Education, Research) for a consistent Turkish crowdfunding culture.

Excerpt from the Book

Summary of Chapters

1. Introduction: Presents the global rise of crowdfunding and outlines the research objective of evaluating its potential for the Turkish economy.

2. The Crowdfunding Phenomenon: Provides definitions, identifies key actors, and discusses the drivers of success based on existing literature.

3. Profiling Turkey: Economy & Entrepreneurship: Analyzes the Turkish economic landscape, entrepreneurial potential, and comparative metrics like the Legatum Prosperity Index.

4. Online Crowdfunding in Turkey: Compares Turkish crowdfunding platforms with international counterparts and evaluates the embracability of the model within the local market.

5. Framework: Three Pillars for the Creation of a Consistent Turkish Crowdfunding Culture: Proposes a strategic model based on Regulation, Education, and Research to foster crowdfunding in Turkey.

6. Discussion of the Framework: Details the individual pillars of the proposed framework and explains their implementation to create a healthy crowdfunding culture.

7. Conclusion: Summarizes findings and emphasizes the necessity of a multi-dimensional approach to successfully integrate crowdfunding into Turkish entrepreneurship.

Keywords

Crowdfunding, Turkey, Entrepreneurship, Entrepreneurial Finance, Crowdfunding Platforms, Start-ups, Innovation, Legatum Prosperity Index, Economic Development, Funding, Venture Capital, Crowdsourcing, Digital Economy, Regulation, Education.

Frequently Asked Questions

What is the primary focus of this thesis?

The thesis focuses on the international applicability of the crowdfunding phenomenon and its potential to contribute to the development of the Turkish entrepreneurship ecosystem.

What are the central thematic fields covered?

The work covers entrepreneurial finance, the specific economic and structural profile of Turkey, global comparisons of crowdfunding markets, and strategic framework development.

What is the core research question?

The research asks how crowdfunding can contribute to the development of Turkish entrepreneurship and what steps are necessary for a healthy local crowdfunding industry.

Which scientific methodology is utilized?

The author uses a literature review, comparative analysis of crowdfunding platforms (benchmarking against US and German models), and SWOT analysis based on secondary data.

What is addressed in the main body of the work?

The main body evaluates the current state of Turkish start-ups, identifies barriers such as lack of trust and funding, and proposes a tailored three-pillar framework for the country.

Which key terms characterize the research?

Key terms include crowdfunding, Turkish entrepreneurship, funding diversification, entrepreneurial ecosystem, and regulatory frameworks.

What is the "vocational school stigma" mentioned in the study?

It refers to a specific educational hurdle in Turkey where talented vocational students lack the necessary business skills and self-esteem to pursue entrepreneurship careers.

How does the author evaluate the "trust gap" in Turkey?

The author notes that low stocks of social capital and trust in Turkey are detrimental to the trust-based nature of crowdfunding and must be addressed for successful implementation.

What role does the Turkish government play according to the research?

The research highlights a significant dependency on government-led funding, suggesting that crowdfunding can serve as an alternative to diversify funding channels for entrepreneurs.