Ricerc@Sapienza

The role of government in innovation and technological development is really significant. A large literature evaluates the effect of state and local government programs in promoting innovation (Georghiou and Roessner, 2000; Klette et al., 2000; Roper et al., 2004). According to Hall (2008), start up firms need to be financed and venture capital financing is only a partial solution to this problem.

The aim of this paper is to analyze the phenomenon of crowdfunding and specifically focus is the SME's dimension,
typical in female entrepreneurship. The main questions research are: what are the main thematic areas in the scientific
literature on the phenomenon of crowdfunding? (RQ1); how is crowdfunding treated in the SME's dimension? (RQ2); is there
a specific treatment of crowdfunding in female entrepreneurship? (RQ3). To analyze the literature, we uses the SLR. For the

Purpose
The transition from industrial to social economy and from knowledge produces a paradigm shift, which is the space in which new professions, new values and even new forms of financing are shaped. The purpose of this paper is to analyze the phenomenon of crowdfunding, and the specific focus is the small- and medium-sized enterprises’ (SMEs’) dimension, typical in startups firms. This work discusses the main thematic areas in the scientific literature on the phenomenon of crowdfunding (RQ1) and how is crowdfunding treated in SMEs’ dimension (RQ2).

Crowdfunding is a new channel of finance for companies, focusing on gender studies one of the main causes of the failure of ternale enterprise development are under-capitalization and the barrier to credit access. In this way, some intangible factors, as relational capitai, can play a relevant role to connect the woman entrepreneur by new stakeholders, like crowd-funders, and overcome the barriers. For these reasons, the aim of this paper is to analyse if relational capitai (RC) can help the woman start-up (WSU) to fundraise during the early stage.