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International Journal of Academic Research in Accounting, Finance and Management Sciences

Open Access Journal

ISSN: 2225-8329

System Dynamics of Crowdfunding and Quadruple Helix on University Spinoffs Formation in the Ghanaian Context

Francis Kwaku Kuma, Mohd Effandi Yusoff, Jerome Jayamana

http://dx.doi.org/10.6007/IJARAFMS/v11-i1/9740

Open access

The study explores how African countries can develop their own model of knowledge management and high-tech in this era of the Fourth Industrial Revolution (IR 4.0). Specifically, we focused on how the interaction between government, business, academia and societal based innovation users (quadruple helix) can foster innovation and economic prosperity within the Ghanaian context. We further explore how the universities could depend on crowdfunding as alternate finance to establish university spinoffs to enhance knowledge dissemination. Data accrued from fieldwork mainly fell within the scope of qualitative interview materials. The data was coded and categorized into themes and sub-themes for analysis. The findings suggest that there is little interaction between the stakeholders of the helices in Ghana thereby, slowing down knowledge spillover to local communities. Crowdfunding can therefore be an alternate source of funding for Spinoff formation and knowledge development.

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In-Text Citation: (Kuma et al., 2021)
To Cite this Article: Kuma, F. K., Yusoff, M. E., & Jayamana, J. (2021). System Dynamics of Crowdfunding and Quadruple Helix on University Spinoffs Formation in the Ghanaian Context. International Journal of Academic Research in Accounting Finance and Management Sciences, 11(1), 546–566.