ANALYSIS
ideas. And they were all quite selective. Innovation
and creativity yearned for realization, and countless
opportunities and ideas were lost forever. Perhaps it
shouldn’t surprise us that the need to support innovation was eventually met by innovation itself. Just
as the PC brought computers to the masses, crowdfunding put funding of innovation in the hands of
the crowd.
Crowdfunding in Macedonia
The crowdfunding concept is new for
Macedonia. The first platform of this
kind, letsfundit.mk, was launched in
January 2014. Macedonia needed a
crowdfunding platform not only because innovators here have very limited local financing opportunities, but
also because the crowd in Macedonia is open to new concepts and global emerging trends and have a tradition
of helping one another. The world over,
backers generally want to support projects that impact them locally. Therefore, letsfundit.mk was launched as the
first local, Macedonian crowdfunding
service which accepts projects, ideas,
and initiatives only from Macedonia.
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In the beginning, many assumed crowdfunding
would not work in Macedonia, that it is a concept
plausible only in more developed countries. However, the first 150 days of crowdfunding in Macedonia,
proved t