Crowdfunding for non-commercial initiatives

Organizations and individuals dealing with non-commercial initiatives are in permanent search for funding. Crowdfunding is an alternative way of collecting funds from general public through Internet-based platforms, which is currently gaining popularity all over the world. There are several research initiatives in that field that show the influence of different factors on the success of campaigns, both with commercial and non-commercial objectives. Non-profit nature of the project is named among key predictors of positive outcome. In this context, the purpose of this work is to check whether the tendencies detected by scholars are valid for non-commercial initiatives, especially those having socially aware objectives, posted on the Belarusian crowdfunding platform Ulej. The method used for validation of the research hypotheses is binary logistic regression and statistical test. The results showed that the dependent variable success is influenced by such independent variables as the funding goal, the sum collected, the number of sponsors and the average pledge. On the other hand, the effect of the duration period is not significant. Inferential analysis shows that there is no difference in the level of success between commercial and non-commercial projects and that social orientation does not increase the likelihood of meeting financial goals. The findings are opposite to those provided in literature. However that could be explained by the short period of functioning of platform and the small number of projects.

Female entrepreneurship in belarus

Nowadays entrepreneurship is one of the main key objects in internal policy of each country. More and more women start doing their own business and thus become integral participants of entrepreneurial activities. However, despite of the abundance of various scientific publications, female entrepreneurship is poorly understood phenomenon, which is needed to be carefully scrutinized. The general purpose of this work is to describe and analyse such phenomenon as female entrepreneurship generally in the world and separately and mainly in Belarus. Indeed, it intends to determine the factors that drive women's entrepreneurship in Belarus. The findings are supported by literature, gathered from different scientific researches and actual statistical data. The data used in the empirical part was collected from World Bank Enterprise Surveys and comprises the responses of representatives of 360 companies selected randomly from the population of the Belarus companies. With the help of descriptive statistics and the application of logistic regression simple models to determine which economic, social, fiscal and legal environmental factors impact on female entrepreneurial activity was possible to understand the female involvement in business activities and society of the country.