%0 Journal Article %J Technology Innovation Management Review %D 2021 %T Technology Project Summaries as a Predictor of Crowdfunding Success %A Mika Westerlund %A Ishdeep Singh %A Mervi Rajahonka %A Seppo Leminen %K backers %K crowdfunding %K failure %K funding %K fundraising %K Kickstarter %K prediction %K project %K success %K topic modelling %X Crowdfunding has emerged in recent years as an important alternative means for technology entrepreneurs to raise funds for their products and business ideas. While the success rate of crowdfunding projects is somewhat low, scholarly understanding of what distinguishes projects that reach their fundraising goals from those that fail remains incomplete. Further, studies on crowdfunding success often examine a number of variables that make predicting success a challenge for entrepreneurs wiling to use crowdfunding. This study uses topic modelling on a data set of over 21,000 technology projects from Kickstarter to investigate if short-text project summaries can reveal predictors of fundraising success on crowdfunding platforms. The results indicate that compared to those that fail in fundraising, project summaries of successfully funded technology projects put forward more trendy topics, use wording that reflects novelty, and focus on solving a social problem. Our results contribute to theory and practice by suggesting the importance of summarizing project content for crowdfunding success. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 11 %P 33-44 %8 12/2021 %G eng %U timreview.ca/article/1472 %N 11-12 %1 Carleton University Mika Westerlund, DSc (Econ), is an Associate Professor at Carleton University in Ottawa, Canada. He previously held positions as a Postdoctoral Scholar in the Haas School of Business at the University of California Berkeley and in the School of Economics at Aalto University in Helsinki, Finland. Mika earned his doctoral degree in Marketing from the Helsinki School of Economics in Finland. His research interests include open and user innovation, the Internet of Things, business strategy, and management models in high-tech and service-intensive industries. %2 Carleton University Ishdeep Singh is a web developer at the ITS web services Team at Carleton University. He is a technology enthusiast and has completed his master's in Technology Innovation Management (TIM) program from Carleton University. He has worked with big consulting firms - Infosys as well as small-scale digital marketing and real estate technology startups. Ishdeep is an inventive IT professional receptive to novel technologies and measures that are specially associated with societal benefits. He is proficient in researching and analyzing data to identify, create and execute technological problems related to the Implementation, Adaptation and scalability of Products. His present research interests include business technology strategy, social analytics, technology optimization, adaptation strategy, SME and marketing. %3 South-Eastern Finland University of Applied Sciences Mervi Rajahonka, DSc (Econ), MSc (Tech), LLM, works as RDI Specialist in the field of Digital Economy at South-Eastern Finland University of Applied Sciences Xamk, Finland, and as Adjunct Research Professor at Carleton University in Canada. Her research interests include digitalization, entrepreneurship, business models, working women, service innovations and sustainable logistics. Her research has been published in numerous publications and international refereed journals. Her publications are listed on Google Scholar. %4 University of South-Eastern Norway Seppo Leminen is Drammen City Municipality chaired (Full) Professor of Innovation and Entrepreneurship in the USN School of Business at the University of South-Eastern Norway in Norway, an Adjunct Professor of Business Development at Aalto University in Finland and an Adjunct Research Professor at Carleton University in Canada. He holds a doctoral degree in Marketing from the Hanken School of Economics and a doctoral degree in Industrial Engineering and Management in the School of Science at Aalto University. He is an Associate Editor in Techovation and an Associate editor in BRQ, Business Research Quarterly. His current research topics includes digital business models and ecosystems (cf. Internet of Things), robotics, block chains, living labs, innovation ecosystems, collaborative and networked models of innovations, collaborative methods of innovations, as well as management and marketing models for different types of companies. Results from his research have been reported in Industrial Marketing Management, the Journal of Cleaner Production, the Journal of Engineering and Technology Management, the Journal of Business & Industrial Marketing, Management Decision, the International Journal of Innovation Management, and the Technology Innovation Management Review, among many others. %& 33 %R http://doi.org/10.22215/timreview/1472 %0 Journal Article %J Technology Innovation Management Review %D 2013 %T Leveraging Old Intellectual Property to Accelerate Technology Entrepreneurship %A Derek Smith %K accelerated startup %K business models %K copyright %K crowdfunding %K due diligence %K entrepreneurs %K funding %K intellectual property %K old technology %K product development clearance %K trademark %X Acquiring or licensing assets to older technologies, including surviving intellectual property rights, is an often-overlooked viable strategy for accelerating technology entrepreneurship. This strategy can help entrepreneurs short-cut the growth of a customer base, reduce development effort, and shorten the time to market with a minimum viable product. However, this strategy is not without risk; entrepreneurs need to be careful that the acquired intellectual property rights are not fraught with issues that could severely outweigh any perceived value. Proper investigation is required to ensure success because the current literature fails to provide tools that an entrepreneur can apply when considering the acquisition of intellectual property. This article includes a case study of a technology company – Piranha Games – that indirectly acquired sole and exclusive access to a substantial historical customer base by acquiring and licensing older technology and surviving intellectual property assets. The founders then leveraged the existing product brand and its historical customers to acquire significant funding and went global with a minimum viable product in three years. The copyright and trademark assets provided value on day one to Piranha Games by making it difficult and risky for others to exploit the technology. Based on this case study, this article offers recommendations to entrepreneurs who may benefit from acquiring old intellectual property to accelerate the growth of their startups. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 3 %P 21-27 %8 06/2013 %G eng %U http://timreview.ca/article/693 %N 6 %1 Magneto Innovention Management Derek Smith is the founder and principal of Magneto Innovention Management, an intellectual property consulting firm that assists entrepreneurs and small businesses to navigate and grow their international patent portfolios. He has over 20 years of experience working as an intellectual property management consultant and patent agent for IBM Canada, Bell Canada and, most recently, Husky Injection Molding Systems where he was Director, Global Intellectual Property. Prior to entering the field of intellectual property, he was an advisory engineer at IBM Canada where he was involved in a variety of leading-edge software development projects. Derek is currently a graduate student in the Technology Innovation Management (TIM) program at Carleton University in Ottawa, Canada. He also holds a BEng degree in Systems and Computer Engineering from Carleton University and is a registered patent agent in both Canada and the United States. %R http://doi.org/10.22215/timreview/693 %0 Journal Article %J Technology Innovation Management Review %D 2011 %T The Impact of External Relationships on the Growth of Young Technology Companies %A Chris Justus %K funding %K networks %K partnerships %K relationships %K startups %K young companies %X Most management teams in young technology companies are aware that their success may depend on strong relationships with external organizations. However, it may not be clear to them which types of relationships are most likely to impact their growth. This article describes the author’s recent research to examine the relationship between the number and diversity of business relationships and the revenue growth of young companies. By examining data collected from 80 technology firms, and the 1943 relationships they established over a two-year period, certain types of relationships were found to have measurable impacts on growth. The article focuses on the managerial implications of these findings, which include the importance of early funding, niche identification, and building relationships with large firms. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 1 %P 26-30 %8 11/2011 %U http://timreview.ca/article/498 %N 2 %1 bitHeads Chris Justus is a software architect at bitHeads in Ottawa, Canada. He recently completed his Master’s degree in the Technology Innovation Management program at Carleton University with a thesis entitled “Relationships of young information technology companies and growth in revenue.” He also holds a Bachelor of Mathematics from the University of Waterloo. Chris has over 20 years of experience in the technology space and has cofounded three information technology companies, including one of the largest independent ISPs in Canada and an information technology staffing and software company. %R http://doi.org/10.22215/timreview/498