Crowdfunding for Youth Entrepreneurship in Tanzania
ABOUT THE PROJECT
The project ’Crowdfunding for youth entrepreneurs in Tanzania’ (C4YET) seeks to generate an understanding of crowdfunding as an effective funding mechanism for (youth) entrepreneurs. In a collaboration between Mzumbe University, Small Industries Development Organization, and Copenhagen Business School, various research projects address the question of how youth entrepreneurs in Tanzania can improve their access to capital through crowdfunding.
Improving access to financing for youth entrepreneurs in Tanzania is important. On the one hand, they represent a large and untapped potential for new venture creation, on the other hand, they face steep access barriers to capitalas the mainly operate on the fringes of the economy.
The C4YET research teams use various research approaches such as lab and field experiments, analyses of existing data set combined with qualitative research to answer its key questions about financing entrepreneurship through crowdfunding.
C4YET will seek to inform policy and strategies concerning crowdfunding, including models applicable in developing countries.
PARTICIPANTS
MZUMBE UNIVERSITY
Tanzania
COPENHAGEN BUSINESS SCHOOL
Denmark
SMALL INDUSTRIES DEVELOPMENT ORGANIZATION (SIDO)
Tanzania
ZIDISHA
US
RESEARCH TEAM (SOUTH)
Nsubili Isaga Mwalukasa, Senior Lecturer, School of Business, Mzumbe University
Department of Accounting, Finance and Entrepreneurship
Daudi Pascal Ndaki, Lecturer, School of Business, Mzumbe University
Department of Accounting, Finance, Strategy and International Management.
Hawa Petro Tundui, Senior Lecturer, School of Business, Mzumbe University
Department of Marketing and Entrepreneurship
Honest Prosper Ngowi, Associate Professor of Economics, researcher and consultant, School of Mzumbe University
Department of Economics and Business
Davis Jason Meela, Senior Lecturer, School of Business, Mzumbe University
Department of Accounting and Finance
RESEARCH TEAM (NORTH)
Lars Bo Jeppesen, Professor, Copenhagen Business School
Department of Strategy and Innovation.
Orsola Garofalo, Associate Professor, Copenhagen Business School
Department of Strategy and Innovation
Diego Zunino, Assistant Professor, SKEMA Business School
KTO Research Centre
Hadar Gafni, Postdoctoral Researcher, KTH Royal Institute of Technology
Department of Industrial Economics and Management (INDEK)
RESEARCH
Gafni, Garofalo, Jeppesen, Zunino. Crowding in Crowdfunding:
Monetary Rewards Complement Prosocial Motivations in Online Social Lending Communities Working Paper.
Gafni, Jeppesen. Is the Crowd Wise Enough to Recognize Creditworthy Borrowers. Working Paper.
Capacity building in Economic and Business Experiments.
There has been a surge of interest in randomized experiments within the area of economics and business. Through capacity building workshops involving researchers from South and North teams, C4YET seeks to develop, expand, and diffuse knowledge about methodologies, designs, potentials, and the practical challenges of such experiments in developing countries.