Grassroots Innovation and Collaboration through Enterprise Crowdfunding

Abstract

We describe a first experiment in enterprise crowdfunding –i.e., employees allocating money for employee-initiated proposals in an Intranet site, including a trial of this system with 511 employees in a large multinational company. Major outcomes include employee proposals addressing diverse individual and organizational needs, high participation rates, extensive inter-departmental, and the development of goals and motivations based on collective concerns.