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Smart city article details
| Title | A Model For Financing Development Projects In Smart Communities |
|---|---|
| ID_Doc | 2686 |
| Authors | Jankovič P. |
| Year | 2023 |
| Published | Lecture Notes in Networks and Systems, 562 LNNS |
| DOI | http://dx.doi.org/10.1007/978-3-031-18645-5_9 |
| Abstract | The research is aimed to develop a model for financing sustainable development projects in smart communities by utilizing literature review, survey and interviews in the period 2005 to 2020. Literature review exposed the important factors: sustainable development, innovations, phenomena of smart cities and public-private partnership. Empirical study among Slovenian municipalities embraced period 2005 to 2012 while follow-up interviews were conducted in 2020. Survey questions targeted the number and value of projects by type of funding, the number of professional staff responsible for obtaining funds for investment from EU programs and their experience, the number and value of projects with any form of public-private partnership, the shares of applicable concession of companies with private ownership majority, the number of investment projects, in which municipality acted as one of the partners, and the proportion of these projects. Interviews in 2020 provided some evidence of improved management of development projects. Findings in literature, survey and interviews gave a strong foundation to deliver a hybrid model of financing. The model incorporates three substantive different variants; a classic public-private partnership, crowdfunding and EU funding. Flow of activities include gathering of project ideas, assessment of innovation concept adequacy, evaluation of idea feasibility, performance monitoring and post project evaluation. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG. |
| Author Keywords | Financing sustainable development; Public private partnership; Smart communities |
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