Within The Scope Of New Economy Program (2002-2022) A New Generatıon Fınancing Approach For Entrepreneurs: Crowd Funding

With the action plans created in the Medium Term New Economy Program by the Ministry of Treasury and Finance of Republic of Turkey, shaped with the main theme of "Interchange Begins" embracing the years 2020-2022, it is proposed transition to a new economic model would create a powerful Turkey. In the major topic of this program as financial stability, during the program period to strengthen and ensure financial stability, the steps to be taken under the subtitle of policies and measures are listed systematically. The point is the question of these policies and measures is aimed to create a modern next-generation finance channel under the name of crowd funding for the financing of innovative projects by encouraging digital transformation for would be a solution to the financing problems of entrepreneurs who are the main pillar of the country's development. The term of crowd funding is a financial approach which could be expressed as fund raising method for entrepreneurs who have trouble finding financial resources for the funds they need. This financial approach bands together by gathering small amounts of funds from general masses for entrepreneurs. The crowd funding approach is an alternative financial method for Turkish entrepreneurs which have been applied around the world since end of 1990's. In Turkey, it has increased the practice field at small sizes in 2010. With the New Economy Program, Turkish entrepreneurs have been encouraged for using crowd funding approach. Consequently, it is essential to examine with including all dimensions for the purpose of informing the public for this quite new application for entrepreneurs. In this study, we give general information about crowd funding for expecting awareness in Turkey. We study to improve and evaluation the system in a healthy manner and try to develop proposal. In this context, crowd funding which is a reflection of Turkey's development move, should use an opportunity, it is extremely important to establish an effective supervision system by making legal arrangements immediately with the necessary regulations and revisions in line with the current conditions. Besides, in the lack of knowledge and experience arising from the fact that this financing method is quite new, we speculate that it would be useful for making up the shortage, organizing contact meetings and distribution of introductory brochures and booklets to the public by experts and institutions whom qualified on this field.

Keywords

Financing, Economy Program, Entrepreneurship, Crowd Funding, Financing Method.