The recommendation system is an active, personalized, and real-time technology platform proposed in the 1990s to solve the problem of information overload. The recommendation system can constantly adjust the recommendation results according to the real-time behaviors of users. In other words, if the user’s interest changes, the recommendation system can present different information to the user. Therefore, the recommendation system is the best way to solve the problem of information overload in entrepreneurial projects. Based on the ConvMF algorithm, this paper proposes an entrepreneurial project recommendation algorithm based on a deep neural network and matrix decomposition. A deep neural network was established for the extraction of the hidden features of entrepreneurial projects, and a convolution neural network was used to process the text description information of entrepreneurial projects. One-hot coding was used to process the regional characteristics and financing round characteristics of entrepreneurial projects, and word embedding was used to process the label features of entrepreneurial projects. The implicit features of users are extracted from the user’s rating matrix using matrix decomposition technology. Finally, recommendations are made according to the implicit characteristics of users and the items learned.