| Issue |
E3S Web Conf.
Volume 448, 2023
The 8th International Conference on Energy, Environment, Epidemiology and Information System (ICENIS 2023)
|
|
|---|---|---|
| Article Number | 02007 | |
| Number of page(s) | 7 | |
| Section | Information System | |
| DOI | https://doi.org/10.1051/e3sconf/202344802007 | |
| Published online | 17 November 2023 | |
Crowdfunding Platform as an Open Innovation Model: The Importance of Effective Platform Governance
1 Doctoral Program of Information Systems, Diponegoro University, Semarang, Indonesia
1 Information Systems Study Program, Universitas Jember, Jember, Indonesia
2,3 Department of Computer Engineering, Diponegoro University, Semarang, Indonesia
4 Informatics Study Program, Universitas Jember, Jember, Indonesia
* Corresponding author: oktalia.juwita@gmail.com
Crowdfunding Platform (CFP) is another financing model that is different from the traditional financial institutions. CFP serves not only as a fundraising tool but also as a source of knowledge. CFP has several forms, namely equity-based, lending-based, reward-based, and donation-based. These forms of CFP divided into two classes, investment-based and non-investment-based. CFP is one form of platform Open Innovation (OI), where multiple stakeholders are involved in a funded project. OI refers to the collaborative innovation process. The involvement of multiple parties in OI leads to various risks that can result in collaboration failure, thus preventing the achievement of established CFP goals. Therefore, there is a need for effective governance in OI to manage potential conflicts, coordinate efficient knowledge sharing among the involved parties, and achieve the main objectives of the collaboration.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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