A system Dynamics Approach to Designing a Crowdfunding Model in Technological Entrepreneurship Ecosystem with a Focus on Technology Incubator Centers

Document Type: Original Manuscript

Authors

1 Department of Entrepreneurship, Qazvin Branch, Islamic Azad University, Qazvin, Iran

2 Department of Industrial Management, Shahid Beheshti University, Tehran, Iran

3 Department of Public Administration, Tehran Markaz Branch, Islamic Azad University, Tehran, Iran

4 Department of Industrial management, Qazvin Branch, Islamic Azad University, Qazvin, Iran

10.22094/joie.2019.582524.1618

Abstract

Crowdfunding, a new financing method for funding ideas or ventures through a large number of relatively small contributions from many individuals has witnessed the phenomenal development over the past decade. It involves bypassing traditional financial intermediaries and using online web-based platforms to connect users of funds with retail funders. This research first explores in greater detail the crowdfunding phenomenon, discussing its main aspects, as well as the role of the involved Stakeholders, and then introduce the A system dynamics approach to designing a crowdfunding model in technological entrepreneurship ecosystem with a focus on technology incubator centers. The present study is based on the system dynamics method and this research, in terms of the purpose is applied and in terms of the survey method. So for analysis of data, Vensim software has been used. The simulation results show that technological entrepreneurship ecosystem policy combinations can effectively promote crowdfunding, which attracts more entrepreneurs to provide their ideas. So crowdfunding could promote entrepreneurial to give a greater impact on economics, and contribute to building a more sustainable society.

Graphical Abstract

A system Dynamics Approach to Designing a Crowdfunding Model in Technological Entrepreneurship Ecosystem with a Focus on Technology Incubator Centers

Highlights

  • Model building and system behavior simulation
  • Dynamic risk analysis with risk assessment methods
  • Consequences simulation of all kinds of failure
  • Dynamic testing of prevention and protection measures to assess their efficiency

 

Keywords

Main Subjects


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