CROWDFUNDING SYSTEMS: evaluation and government regulation in the conditions of reengineering

3. It is proposed to include the following tools for state regulation of crowdfunding activities: improving the regulatory framework, simplifying the tax system and forming a stimulating tax policy (providing tax incentives for the implementation and support of crowdfunding projects), providing a mechanism for the development of business incubators and accelerators, developing and implementing a mechanism for disseminating information about crowdfunding (creating associations, state offices, etc.), creating conditions and regulating cooperation with international and Ukrainian crowdfunding Internet platforms, providing social guarantees. 4. Having studied the key characteristics of the state of the Ukrainian economy, its socio-economic development indicators, and demographic features, it is concluded that there is a potential demand for raising funds through crowdfunding. Having appropriate legislative regulations and powerful information and popularization campaigns, this innovative financial instrument will be able to fill the lack of capital in some domestic enterprises, including the implementation of reengineering projects. 5. It is concluded that the state should encourage the development of scientific research on crowdfunding activities. It is also necessary to implement several actions in the field of cooperation between public and private investors who want to start or develop existing crowdfunding platforms in different directions. 6. There is proposed to create a new body — the Ukrainian crowdfunding Association — or a new department in the structure of the National Securities and Stock Market Commission. The main aim of such a body should be, on the one hand, the popularization of information about crowdfunding as a tool for financial support of project implementation, on the other, as a means of communication and solving important social problems and challenges. The necessity of creating such a body in the conditions of distrust of the population both to innovations and to the financial market is justified. 132