Crowdfunding and Open Innovation Together: A Conceptual Framework of a Hybrid Crowd Innovation Model

Ahmet Çubukcu, Tuba Ulusoy and Esra Yaşar Boz
Additional contact information
Ahmet Çubukcu: Necmettin Erbakan University, Faculty of Engineering and Architecture, Konya, Turkey
Tuba Ulusoy: Necmettin Erbakan University, Faculty of Engineering and Architecture, Konya, Turkey
Esra Yaşar Boz: #x2020;KTO Karatay University, Faculty of Economics and Administrative Sciences, Konya, Turkey

International Journal of Innovation and Technology Management (IJITM), 2020, vol. 17, issue 08, 1-25

Abstract: Crowdfunding and open innovation make great contributions to the entrepreneurship and innovation ecosystem. In this study, we conduct exploratory research to put forward the mechanisms that are developed to benefit from crowds to carry out innovative projects in the context of open innovation and crowdfunding. Our main research problem is whether there is a digital platform that enables both knowledge/technology transfer and project collaboration of entrepreneurs and enterprises on project/idea development. We observe that a hybrid crowd innovation model is needed to create various collaboration and innovation opportunities between entrepreneurs, SMEs, start-ups and corporate enterprises. In this context, we put forth a conceptual framework to show that greater opportunities will emerge in the field of entrepreneurship and innovation if crowdfunding and open innovation hybridize. The main purpose of this study is to propose a conceptual framework within this scope and then to verify the framework by creating a model as a future study.

Keywords: Crowdfunding; crowdsourcing; crowd innovation; hybrid model; open innovation (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0219877021500036
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:ijitmx:v:17:y:2020:i:08:n:s0219877021500036

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0219877021500036

Access Statistics for this article

International Journal of Innovation and Technology Management (IJITM) is currently edited by H K Tang

More articles in International Journal of Innovation and Technology Management (IJITM) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().