According to a recent study by MTI Consulting (who are also currently studying the feasibility of it), crowd funding has the potential to propel the next generation Sri Lankan entrepreneurs into the global market, while also helping conventional industries and entrepreneurs to seek new vistas. Crowd funding is the process of attracting small amounts of capital from a large number of individuals to finance a new business venture ranging from product and service launches to movie development and travel sponsorships. However, as fledging industry, caution needs to be exercised – in a domain where regulation is still very fluid. Crowd-sourcing: As opposed to using internal employees or established services, crowdsourcing allows tapping into cloud labour and obtaining services, ideas or content on a more competitive basis. Emerging trends * In 2013, crowdfunding platforms raised billions of dollars – $ 5.1 billion, to be exact – a third of which went to social causes * The Crowdf...