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Crowd funding in libraries: by the people and for the people

Sarika Sawant (SNDT Women’s University, Mumbai, India)

Library Hi Tech News

ISSN: 0741-9058

Article publication date: 25 October 2018

Issue publication date: 7 November 2018

218

Abstract

Purpose

Crowd funding is a method to raise funds for a specific cause or project by asking a large number of people to donate money, usually in small amounts, and usually during a relatively short period, such as a few months. This paper aims to explore the global as well as Indian crowd funding platforms and literature as well to find out the success stories of crowd funding.

Design/methodology/approach

General literature was reviewed. Various crowd funding platforms were scanned, especially Indian, to find the successful crowd funding stories.

Findings

It was found that plenty of crowd funding initiatives have been taken in India, especially to build libraries, to decorate libraries, for collection development, to provide services, etc. Nongovernmental organizations/trusts are the ones who are undertaking these initiatives. There is a need to create awareness of such activities by experienced library professionals/nonprofessionals who have done crowd funding and for them to share their experiences and practices of crowd funding among other professionals, so that others can also explore such methods.

Originality/value

This paper promptly presents the Indian crowd funding initiatives and the success stories.

Keywords

Citation

Sawant, S. (2018), "Crowd funding in libraries: by the people and for the people", Library Hi Tech News, Vol. 35 No. 10, pp. 12-14. https://doi.org/10.1108/LHTN-03-2018-0017

Publisher

:

Emerald Publishing Limited

Copyright © 2018, Emerald Publishing Limited

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