Social enterprise crowdfunding in an acute crisis

Mohamed Farhoud; Sheeza Shah; Pekka Stenholm; Ewald Kibler; Maija Renko; Siri Terjesen

doi:10.1016/j.jbvi.2020.e00211

Social enterprise crowdfunding in an acute crisis

Mohamed Farhoud, Sheeza Shah, Pekka Stenholm, Ewald Kibler, Maija Renko, Siri Terjesen

Research output: Contribution to journal › Article › Scientific › peer-review

65 Citations (Scopus)

174 Downloads (Pure)

Abstract

Social enterprises can play a pivotal role in mitigating the negative effects of major crises if these ventures are able to attract enough funding for their activities. Our research reflects on the experiences of a UK-based crowdfunding platform, UpEffect, to develop understanding of the key challenges for social enterprise crowdfunding at the time of COVID-19. Specially, we offer and synthesize three perspectives (social enterprises, funding crowd, and crowdfunding platforms) to illuminate key strategies that crowdfunding platforms, like UpEffect, can employ to support social enterprises in enacting solutions for COVID-19 affected people and communities.

Original language	English
Article number	e00211
Journal	Journal of Business Venturing Insights
Volume	15
DOIs	https://doi.org/10.1016/j.jbvi.2020.e00211
Publication status	Published - Jun 2021
MoE publication type	A1 Journal article-refereed

Keywords

Social entrepreneurship
Crowdfunding
Crisis management
Communication
Community
Entrepreneurship policy
Rapid response
COVID-19

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.jbvi.2020.e00211

1-s2.0-S2352673420300676-mainFinal published version, 525 KBLicence: CC BY

http://www.sciencedirect.com/science/article/pii/S2352673420300676

Cite this

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title = "Social enterprise crowdfunding in an acute crisis",

abstract = "Social enterprises can play a pivotal role in mitigating the negative effects of major crises if these ventures are able to attract enough funding for their activities. Our research reflects on the experiences of a UK-based crowdfunding platform, UpEffect, to develop understanding of the key challenges for social enterprise crowdfunding at the time of COVID-19. Specially, we offer and synthesize three perspectives (social enterprises, funding crowd, and crowdfunding platforms) to illuminate key strategies that crowdfunding platforms, like UpEffect, can employ to support social enterprises in enacting solutions for COVID-19 affected people and communities.",

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AU - Shah, Sheeza

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AU - Kibler, Ewald

AU - Renko, Maija

AU - Terjesen, Siri

PY - 2021/6

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AB - Social enterprises can play a pivotal role in mitigating the negative effects of major crises if these ventures are able to attract enough funding for their activities. Our research reflects on the experiences of a UK-based crowdfunding platform, UpEffect, to develop understanding of the key challenges for social enterprise crowdfunding at the time of COVID-19. Specially, we offer and synthesize three perspectives (social enterprises, funding crowd, and crowdfunding platforms) to illuminate key strategies that crowdfunding platforms, like UpEffect, can employ to support social enterprises in enacting solutions for COVID-19 affected people and communities.

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KW - Crowdfunding

KW - Crisis management

KW - Communication

KW - Community

KW - Entrepreneurship policy

KW - Rapid response

KW - COVID-19

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Social enterprise crowdfunding in an acute crisis

Abstract

Keywords

UN SDGs

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