Affiliation:
1. Department of Business Administration, Chaohu University, Hefei 238024, P. R. China
2. Center for International Education, Philippine Christian University, Manila 1006, Philippine
Abstract
Aiming at the low success rate of incubation investment of China’s technology-based start-ups, how to scientifically evaluate technology-based start-ups has become an important issue that needs to be faced. Considering the expert consultation characteristics of the Delphi method is extremely suitable for decision-making problems in the field of uncertainty, as well as the strong nonlinear mapping ability and learning ability of the backpropagation neural network (BPNN). According to the characteristics of the evaluation object and following the principle of index selection, the study uses the Delphi method to determine the evaluation index system suitable for technology-based entrepreneurial enterprises in the current environment and obtain the scores of each index. Based on the established evaluation index system, the BPNN evaluation model is further constructed, and its parameters are optimised to improve its performance. Aiming at the problem that it is easy to fall into a local optimal, a genetic algorithm (GA) is used to optimise it, and a GA-BPNN model is constructed. The comprehensive capability of GA-BPNN is evaluated by using the excellent nonlinear characteristic analysis ability of GA-BPNN to provide a reference for important decisions such as investment. Using BPNN simulation, it was concluded that the correct rate of evaluation of qualified enterprises was between 23.32% and 89.99%, with an average correct rate of 58.32%. The average correct rate was 80.99%. The evaluation accuracy rate was unstable and the average accuracy rate was low. The optimised GA-BPNN model had an average evaluation accuracy rate of 80.32% for qualified enterprises and 93.66% for unqualified enterprises, and the average evaluation accuracy rate increased by 21.99% and 12.66%, respectively. The effectiveness of the model and algorithm was verified. It shows that the GA-BPNN model can be used as an effective tool for the evaluation and screening of technology-based entrepreneurial enterprises. The evaluation system of technology-based entrepreneurial enterprises established by research is scientific and can be applied in practice.
Funder
Humanities and Social Sciences Project of the Department of Education in China
Scientific Research Project of Chaohu University in Anhui Province
Publisher
World Scientific Pub Co Pte Ltd