Version 1
: Received: 2 November 2023 / Approved: 3 November 2023 / Online: 3 November 2023 (15:48:27 CET)
How to cite:
Moleka, P. Exploring Alternative Funding Mechanisms: Driving Innovation in the Digital Era. Preprints2023, 2023110262. https://doi.org/10.20944/preprints202311.0262.v1
Moleka, P. Exploring Alternative Funding Mechanisms: Driving Innovation in the Digital Era. Preprints 2023, 2023110262. https://doi.org/10.20944/preprints202311.0262.v1
Moleka, P. Exploring Alternative Funding Mechanisms: Driving Innovation in the Digital Era. Preprints2023, 2023110262. https://doi.org/10.20944/preprints202311.0262.v1
APA Style
Moleka, P. (2023). Exploring Alternative Funding Mechanisms: Driving Innovation in the Digital Era. Preprints. https://doi.org/10.20944/preprints202311.0262.v1
Chicago/Turabian Style
Moleka, P. 2023 "Exploring Alternative Funding Mechanisms: Driving Innovation in the Digital Era" Preprints. https://doi.org/10.20944/preprints202311.0262.v1
Abstract
Innovation has emerged as a critical driver of economic growth in the digital era, revolutionizing industries and reshaping economies worldwide. As traditional funding avenues continue to be dominated by risk-averse lenders and investors, entrepreneurs are increasingly turning to alternative funding mechanisms to fuel their innovative ideas and ventures. This article delves into the evolving landscape of financing innovation in the digital era, with a primary focus on the role of alternative funding mechanisms. By drawing on a comprehensive review of existing literature and empirical evidence, we aim to provide a conceptual framework that elucidates the interplay between alternative finance platforms, innovation ecosystems, and entrepreneurial activities. Moreover, this article examines the unique characteristics and challenges associated with financing innovation through crowdfunding, venture capital, and angel investing. The insights from this research contribute to a better understanding of how these alternative funding mechanisms can effectively support and catalyze innovation across industries and economies.
Keywords
alternative funding mechanisms; innovation; digital rra; alternative finance platforms; crowdfunding; entrepreneurs; investors; venture capital; angel investors; corporate venture capital (CVC)
Subject
Business, Economics and Management, Business and Management
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
