"Despite the emergence of startup accelerators as venture development organizations (VDOs) to high-growth firms, research has yet to identify where these accelerators fit into the venture development ecosystem. By clarifying and reviewing three different subsystems in the entrepreneurial ecosystem, our paper proposes that as an extension of the current incubation mechanism, accelerators contribute to the entrepreneurial ecosystem by transforming entrepreneurs and their ventures at early stages. Drawing upon the Pipeline model (Lichtenstein, G. A., and T. S. Lyons. 2006."Managing the community's pipeline of entrepreneurs and enterprises: A new way of thinking about business assets." Economic Development Quarterly 20 (4): 377-386.), we first plot where the accelerator model fits in the broader entrepreneurship ecosystem, and then demonstrate how different types of accelerators help participating entrepreneurs and their ventures progress along the venture development pipeline. Our theoretical approach contributes to both the entrepreneurship ecosystem and the accelerator literature and provides a practical map for both policymakers and early-stage entrepreneurs to manage and utilize their entrepreneurship ecosystem more effectively."
"Producer organizations (POs) provide benefits to smallholders by alleviating market access challenges. However, whether all farmers benefit from a PO is still a question. Limited evidence is available on whether POs are inclusive of poor farmers. Even if the poor join, do they participate in decision‐making? We conducted interviews with 595 smallholder dairy farmers in Kenya. We distinguish three groups; members of a bargaining PO, members of a processing PO and non‐members. We show that membership is related to the structural characteristics of the organization: processing POs favor membership of farmers that are wealthier, more educated and more innovative. As to participation in the decision‐making process: older, male and specialized farmers have a higher chance of being involved than poor farmers. Factors distinguishing farmer participation in decision‐making between bargaining and processing POs are highlighted. We find that a bargaining PO is more inclusive of all groups of farmers, while women and poor farmers are excluded from decision‐making in a processing PO. Our findings contribute to policymaking on inclusive development."
"Villgro is a business incubator with a unique rural orientation. It concerns itself not only with the launch of new businesses but more generally with the transfer of new products, knowledge and services into rural space. Faced with the challenge of finding technologies that match rural requirements, Villgro has linked marketable product/service concepts from diverse sources with entrepreneurs who have start-up experience—so-called serial entrepreneurs. Other incubators may have difficulty imitating Villgro’s business model. The conditions for its development are unique, its management approaches are relatively untested and the values of its management team are deeply intertwined with perceptions of how the rural business system operates in India. However, other startup incubators can learn from Villgro the importance of getting management basics right before attempting to transform an entire agricultural sector. Good governance, transparency, accountability, building teams around highly capable employees and continuously enhancing their management skills are important no matter the strategic orientation of the emerging incubator."
"This report summarizes a more comprehensive assessment undertaken in 2017 which examined the characteristics of women-led, small and growing businesses (SGBs) in Mexico. Aimed at understanding Mexico's current entrepreneurial ecosystem and the financial and non-financial barriers facing female entrepreneurs, the assessment offered recommendations for how different actors can support women entrepreneurs. Available to a wide audience as a learning report, this summary assessment contributes valuable insights into how a broader set of actors implementing services and programmes for women entrepreneurs can improve their support to women in their entrepreneurship endeavours in Mexico and beyond."
"This report, designed for international development organizations, governments, and financial institutions, does the following: 1) highlights the key barriers facing women-led small enterprises across the developing world; 2) identifies how hidden gender and ethnic biases impact the growth of women-led businesses; 3) presents the results of a pilot case study in Guatemala inspired by a novel methodology, first applied to mortgage lending in the United States, that seeks to test for bias in bank-lending decisions for small enterprises; and 4) provides recommendations for policymakers and financial institutions on how this methodology can be applied in developing countries."
"This report was published as part of an interest in expanding knowledge and contribution to create a more enabling environment for inclusive business. The intentions of this are: firstly, to illustrate how the consideration of BoP communities exclusively through their income levels is limiting and can be misleading for practitioners; and secondly, to develop a series of recommendations to governments and public institutions on how to create an enabling environment for inclusive business models."
"This report by the Tony Elumelu Foundation focuses on the challenges and opportunities facing young agricultural entrepreneurs. It contains a comprehensive analysis of Africa's entrepreneurial ecosystem and discusses challenges and opportunities that African start-ups face along the agricultural value chain."
"Over the past several decades, U.S. venture capital (VC) firms have focused their attention and investment dollars in specialized regional hubs where high-tech entrepreneurship tends to flourish. As a result, "main street" businesses such as retail stores, consumer services, and other non-tech businesses typically find it incredibly difficult to secure equity funding. Yet, in recent years, crowdfunding (CF) has become a viable new source of funding for entrepreneurs. Using a longitudinal assessment of VC and CF at the national, regional, and sector levels in the USA, we demonstrate how the emergence of CF has unlocked new growth opportunities for main street entrepreneurs, particularly those located in underserviced funding regions. Likewise, we expose how CF augments national and regional funding patterns by re-allocating funding to industries that VCs typically do not fund. Lastly, we discuss the practical and theoretical implications of what appears to be a shifting venture funding regime, and shed light on CF's potential role in enhancing the resurgence of main street entrepreneurship across the USA."
"Unlocking the Potential of Frontier Finance assesses key features of frontier finance impact investments and finds significant opportunity for making an impact in this sector. For impact investment in frontier finance to reach its full potential, investors require more clarity around the common features and performance of such transactions and strategies to address the challenges they face in the market. This research seeks to answer these questions by analyzing a database of 40 frontier finance transactions, 10 interviews, and a workshop discussion with 39 investors and other ecosystem players. Specifically, the report includes an overview of the frontier finance investment landscape, presents five in-depth case studies featuring frontier investment vehicles and transactions, and provides recommendations to build the market and overcome common challenges hindering the flow of additional capital into frontier markets."
"This paper provides a comprehensive assessment of the short-term impact of the COVID-19 pandemic on businesses worldwide with a focus on developing countries. The results are based on a novel data set collected by the World Bank Group and several partner institutions in 51 countries covering more than 100,000 businesses. The paper provides several stylized facts. First, the COVID-19 shock has been severe and widespread across firms, with persistent negative impact on sales. Second, the employment adjustment has operated mostly along the intensive margin (that is leave of absence and reduction in hours), with a small share of firms laying off workers. Third, smaller firms are disproportionately facing greater financial constraints. Fourth, firms are increasingly relying on digital solutions as a response to the shock. Fifth, there is great uncertainty about the future, especially among firms that have experienced a larger drop in sales, which is associated with job losses. These findings provide a better understanding of the magnitude and distribution of the shock, the main channels affecting businesses, and how firms are adjusting. The paper concludes by discussing some avenues for future research."