THE USE OF CROWDFUNDING PLATFORM MECHANISM IN FINANCING THE INNOVATIVE PROJECTS

Abstract

The article focuses on crowdfunding platform, which is widely used in international practice with funding of currently created innovation projects and developments. It highlights the importance of this platform in foreign countries and its benefits for Uzbekistan as an effective mechanism of funding from population. One of the actual issues is the recognition of the activities and advantages of crowdfunding platform as a part of the national economic system. The platform is one of the major tools, which enables to reduce the costs of the state budget, as well as transforming different projects and developments to self-financing