"This document contains recommendations on creating effective micro, small, and medium sized enterprise (MSME) mentoring programs for practitioners and supporters. A key driver for reducing global poverty and unemployment is increasing the growth and sustainability of MSMEs. While technical assistance, financing, and other initiatives can help MSMEs to achieve growth and sustainability, mentoring can also have high returns on investment. This is unsurprising, given mentoring’s historic origins in the areas of knowledge sharing and social networks. Yet there is a lack of consensus on what defines effective mentoring, evidence on good practices, and guidance on implementation. This publication addresses these gaps."

"Effective human capital formation through the medium of entrepreneurship education and training (EET) is of increasing concern for governments, as EET is growing rapidly across the world. Unfortunately, there is a lack of consistent evidence showing that EET helps to create more or better entrepreneurs. We undertake the first quantitative review of the literature and, in the context of human capital theory, find that there is indeed support for the value of EET. Recommendations to improve the quality of future work in the field are provided."

"We organise a field experiment with smallholder farmers in Rwanda to measure the impact of financial literacy training on financial knowledge and behaviour. The training increased financial literacy of participants, changed their savings and borrowing behaviour and had a positive effect on the new business start-up. However, it failed to have a significant (short-term) impact on income. Using a two-stage regression framework, we identify enhanced financial literacy as one of the important factors explaining behavioural changes. We also test whether financial knowledge spillovers from trained farmers to their peers in local village banks but find no evidence for that."

"The objective of this edition is to: 1) Educate agribusiness entrepreneurs on the various available lending options for growth financing; 2) Demystify private equity financing options and how Sahel Capital has effectively created significant value for agribusinesses; and 3) Opportunities and challenges in the agriculture sector, government policies and sustainability in the sector."

"The GALI team consistently hears questions from accelerators and others in the field about financial sustainability. In this brief, we ask: How do accelerators fund their programs, and how do different funding profiles relate to different accelerator offerings?"

"In this brief, we respond to a question from the Argidius Foundation about the return on investment for accelerators: At the Argidius Foundation, we assess the return on total investment (ROTI) of the capacity development programs that we support. What can your data tell us about the return on investment for accelerator programs?"

"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."