"In this data brief, we explore financing for ventures working in different regions and sectors around the world using data from the Entrepreneurship Database Program. In this report, we respond to a question from the Global Innovation Fund about startup financing by sector and geography: At the Global Innovation Fund, we are focused on supporting entrepreneurs and innovators in markets where individuals earn less than $5 per day. What sectors/verticals and what geographies are typically getting funding in the data that you're seeing?"
"In this brief, we use data from the Entrepreneurship Acceleration Research Initiative in order to respond to the following question by Steve Cumming of the MasterCard Foundation about Youth Entrepreneurship: At The MasterCard Foundation, we have a portfolio of youth entrepreneurship projects that we support in Sub Saharan Africa. We're always looking for data to better understand the space and to inform our programming. I'm wondering if you could share any data by ages 18-24 and 25-30, and by African country or region if possible. Do you see anything interesting under these parameters?"
"Entrepreneurship education has the potential to enable youth to gain skills and create their own jobs. In Tunisia, a curricular reform created an entrepreneurship track providing business training and coaching to help university students prepare a business plan. We rely on randomized assignment of the entrepreneurship track to identify impacts on students' labor market outcomes one year after graduation. The entrepreneurship track led to a small increase in self-employment, but overall employment rates remained unchanged. Although business skills improved, effects on personality and entrepreneurial traits were mixed. The program nevertheless increased graduates' aspirations toward the future."
"This paper provides a synthetic and systematic review on the effectiveness of various entrepreneurship programs in developing countries It adopts a meta-regression analysis using 37 impact evaluation studies that were in the public domain by March 2012, and draws out several lessons on the design of the programs The paper observes wide variation in program effectiveness across different interventions depending on outcomes, types of beneficiaries, and country context Over, entrepreneurship programs have a positive and large impact for youth and on business knowledge and practice, but no immediate translation into business set-up and expansion or increased income At a disaggregate level by outcome groups, providing a package of training and financing is more effective for labor activities. In addition, financing support appears more effective for women and business training for existing entrepreneurs than other interventions to improve business performance."
"Special attention has been given to untie the constraints of Micro and Small Enterprises in Ethiopia for they are important vehicles to address the challenges of unemployment, economic growth and equity in the country. The government is implementing different support service programs, in the forms of financial and business development, in different parts of the country. This study is aimed at evaluating economic impact of MSEs support service programs on enterprise sales, employment and capital asset formation in Dire Dawa Administration, Ethiopia. Propensity Score Matching is employed to estimate the impact of support service program. The result revealed that the program resulted in average increment of monthly sales by 28%, employee level by 42%, and capital asset formation by 60%. It is, therefore, indispensable to strengthen and expand the support service program to non participant enterprises by giving special attention to the major problems that participant enterprises are currently facing."
"Asia is facing simultaneously huge growth potential and increasing inequalities, with often weak national solutions to the social issues at hand. Social purpose organisations (SPOs) – which includes but are not limited to non-profit organisations, charities and social enterprises - are seen to solve these issues sustainably. Social incubation is seen as a tool to help SPOs grow and potentially build a pipeline for social investors. Yet, how does social incubation in Asia work? The insights presented here are the first insights from surveying 15 social incubators in Indonesia, Thailand, India, Japan, China, Taiwan, Hong Kong and Singapore which have existed for at least two years."
"The present "Effectiveness of Entrepreneurship Development interventions on Women Entrepreneurs" issue brief is the result of an in-depth review of six meta-evaluations and twenty three rigorous impact satudies undertaken during the past 10 years in women's entrepreneurship development initiatives around the world. It provides a synthesis of impact findings and identifies interventions which seem to have worked more effectively.
The brief corroborates for example that combining finance and business training -although more costly - seems to be more effective in supporting women's business start-up than either finance or business training alone. Also, training packages that combine business and gender knowledge are more likely to lead to women's empowerment. While more evidence is still needed, the brief concludes with a series of recommendations for future interventions and impact evaluations including providing more than access to skills and finance, by also addressing gender-based barriers and women's strategic needs, in order to ensure the business success and consolidation of women entrepreneurs."
"This study is a randomized controlled trial (RCT) on the effects of mentoring on SMEs in Norway. We aim to get a better understanding of firm development and dynamics in the presence of public interventions. Does mentoring affect firm performance and firm-survival? Does it matter what type of state aid a firm is granted; mentoring versus the financial equivalent of the service?"
"This article presents an innovative method of engaging MBA students in a capstone course by offering a customizable project with businesses that are currently progressing through a regional, independent incubator, or accelerator program. We include various project options but focus on customizable capstone project alternatives to traditional business strategy simulations and case study methods. Namely, our innovative learning solution is a mock consulting project which drives innovation and fosters strategic collaboration between small business owners, university faculty, and MBA students while providing business strategy experience and generating positive exposure for both the university and the small businesses involved. Our method includes pairing MBA students with participating startup businesses and allowing the soon-to-be MBAs an opportunity to garner consulting experience while simultaneously serving the needs of the businesses in the accelerator. Accordingly, MBA students act as consultants to business owners and prepare detailed weekly briefings to inform stakeholders within the university and the constituent businesses. By breaching the typical capstone project parameters, the mock consulting option provides for experiential and applied learning experiences for MBA students and develops higher order strategic thinking by challenging them to work hand-in-hand with real startups."
"Current women's economic empowerment interventions are not enough to overcome all obstacles facing female entrepreneurs. The emerging evidence from psychology and experimental economics on agency; mindset, and leadership show that for successful interventions to be transformative, they need to move beyond basic access to financial and human capital and also tackle central psychological, social, and skills constraints on women entrepreneurs.
Emerging evidence from recent studies on different capital-based, training-based, and gender based interventions, using randomized control trials, present promising interventions to support women entrepreneurs. An experimental study in Uganda found that Providing financial capital (i.e., subsidized microcredit coupled with Start and Improve Your Business training module), while effective for men, does not have any impact on female owned enterprise profits. Similarly, a randomized control trial on Tanzania's Business Women Connect program found that while the mobile savings program substantially increased savings, it did not have an effect on female-owned enterprise profits or sales even when combined with hard business skills, such as business management, basic profitability concepts, and record-keeping. Both studies, however, show that loans paired with business trainings as well as improved access to mobile savings accounts paired with business trainings had a positive impact on male-owned microenterprise profits or sales. Thus, a successful women's economic empowerment intervention needs more than only access to financial capital and hard business skills."