Abstract
Crowdfunding falls into one of the digital ways of accessing external knowledge (Bogers et al. 2017), which typically happens through a dedicated platform. The platform links people who network and pool their money—the bakers with other people or organizations—the proponents. The backers emerging from the crows of the Internet users offer financial support for the proponents of project ideas. The proponents not only get a chance to collect the necessary funding for implementing their projects but also get exposure to feedback and early market entry screening data. Scholars tend to focus on their crowdfunding studies on entrepreneurial ideas (Belleflamme et al. 2014; Colombo et al. 2015; Mollick 2014), which largely cover the commercial side of crowdfunding where the bakers expect some return of their investment. Crowdfunding in the public sector leans more towards the philanthropic side of crowdfunding where the bakers want to contribute to a greater good.
Original language | English |
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Book series | Crowdfunding in the Public Sector Theory and Best Practices |
Volume | Part F216 |
Pages (from-to) | vii-ix |
ISSN | 2730-6038 |
Publication status | Published - 2021 |