Investigating crowdfunding success and backer behavior for African Startups
Аннотация
This study looked into how crowdfunding campaigns targeting African startups are influenced by their success drivers and funders’ actions. Crowdfunding has appeared as an important different financing solution with possibility to tackle problems encountered through usual routes of financing in Africa, like high-interest loans, strict collateral terms and conditions, as well as restrictedness on the availability of venture capital.
The research’s primary goal is to recognize what makes successful crowdfunding projects in Africa, know citizens’ characteristics, reasons and producers’ decision-making mechanisms, and come up with knowledge-based useful advice.
After studying regional, temporal as well as technological impacts, this study gives practical ways of improving crowdfunding drives, using machine learning models like logistic regression, random forests, support vector machines as well as XGBoost. In light of this, these very same models are then employed in analyzing broad ranges of data in order to have a clear view concerning the profile of supporters, their reasons as well, as how they think critically which contribute positively towards sustainable economic growth and advancements within Africa.
This discovery shows how using crowdfunding can be transformational in providing access to finance to many people while at the same time creating a more participatory and dynamic approach for starting businesses in Africa.
The research’s primary goal is to recognize what makes successful crowdfunding projects in Africa, know citizens’ characteristics, reasons and producers’ decision-making mechanisms, and come up with knowledge-based useful advice.
After studying regional, temporal as well as technological impacts, this study gives practical ways of improving crowdfunding drives, using machine learning models like logistic regression, random forests, support vector machines as well as XGBoost. In light of this, these very same models are then employed in analyzing broad ranges of data in order to have a clear view concerning the profile of supporters, their reasons as well, as how they think critically which contribute positively towards sustainable economic growth and advancements within Africa.
This discovery shows how using crowdfunding can be transformational in providing access to finance to many people while at the same time creating a more participatory and dynamic approach for starting businesses in Africa.