The conference "Crowdfunding for small business"was held in Russia. The event was organized by the municipal organization "Small Business of Moscow".
The first speaker was Kirill Kosminsky, head of the Russian Crowdfunding Association.
Kirill spoke on the topic "Financial instruments for small businesses".
"An entrepreneur must have a financial basis to implement his business idea. Knowing your financial capabilities is one of the most important competencies of an entrepreneur, especially in the context of a pandemic," said Mr. Kosminsky.
The online conference "Crowdfunding for small business" was devoted to measures of state financial support such as benefits, guarantees and subsidies.
Crowdfunding is one of the most relevant and popular tools for Russian small businesses.
Crowdfunding can have the nature of pre-ordering a product or service, or an investment nature in the form of loans or as raising funds in the company's capital.
During the Q & A session, recommendations were given on how to use crowdfunding tools for startups and existing businesses.
An expert of MTS Bank told how crowdfunding can be a solution to business problems.