The Relevance of Crowdfunding

The Impact on the Innovation Process of Small Entrepreneurial Firms

The Relevance of Crowdfunding

The Impact on the Innovation Process of Small Entrepreneurial Firms

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Nadine Scholz shows that crowdfunding potentially shortens the development cycle of new products, thus enabling an earlier market entry. Hence, crowdfunding serves as a multifaceted early-stage support instrument for innovation implementation facilitated by the crowd's resources. It not only provides upfront cash for product development and production, more importantly it enables a firm to show traction through the validation of the market demand that is based on the crowd's function as information multiplicator generating public exposure and feedback.

The Crowdfunding Phenomenon
Perspectives of Crowdfunding on the Innovation Process
Research Design for the Empirical Study
Critical Actors and Their Drivers in the Crowdfunding Ecosystem
New Dynamics in the Innovation Process.
ISBN 978-3-658-09836-0
Medientyp Buch
Copyrightjahr 2015
Verlag Springer, Berlin
Umfang XII, 86 Seiten
Sprache Englisch