Refereed journal article or data article (A1)
Social enterprise crowdfunding in an acute crisis
List of Authors: Farhoud Mohamed, Shah Sheeza, Stenholm Pekka, Kibler Ewald, Renko Maija, Terjesen Siri
Publication year: 2021
Journal: Journal of Business Venturing Insights
Volume number: 15
eISSN: 2352-6734
DOI: http://dx.doi.org/10.1016/j.jbvi.2020.e00211
URL: https://www.sciencedirect.com/science/article/pii/S2352673420300676
Self-archived copy’s web address: https://research.utu.fi/converis/portal/detail/Publication/50144491
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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