Crowdfunding involves raising small amounts of money from a large number of people, typically via online platforms, to fund technology projects or startups. This financial model democratizes funding opportunities, allowing innovators to pitch their ideas directly to potential backers. In technology, crowdfunding can be a way to validate product concepts before launch, gauge market interest, and finance development without relying heavily on traditional investors. Successful campaigns not only provide necessary capital but also build a community of early adopters and advocates who can contribute to future marketing efforts and product improvements.