FinTech Crowdfunding of Thailand 4.0 Policy

Abstract

This study explores the challenges of FinTech crowdfunding platforms. Under the policy of moving the country toward Thailand 4.0, the Thai government has placed importance on a value-based and innovation-driven economy. Empirical analyses, based on the national innovation system approach, have shown that the Thai government plays a key role in building a crowdfunding platform to provide entrepreneurial finance for start-ups. The findings indicate the barriers both at the policy and operation levels underlying the Thai financial innovation system. This article provides insightful lessons and implications to strengthen the FinTech crowdfunding platform for promoting knowledge-intensive economic growth.