"The purpose of the information presented in this report is to inventory different organizations in Guatemala that could help build local capacity and catalyze and accelerate SME development and growth. The information includes specific activities, programs and services offered by the different organizations and where possible shows their interconnectivity."

"The purpose of the information presented in this report is to inventory different organizations in Nicaragua that could help build local capacity and catalyze and accelerate SME development and growth.

The report includes a contextual overview of Nicaragua, which helps to shed light on some of the challenges and opportunities for SME development and poverty alleviation. This information also puts into perspective some of the key sectors that have been the focus of capacity development organizations. The report also includes an overview of key donor activities, as they can often stimulate SME-related activities and also provide a sense of where large interventions in the SME landscape are occurring."

"This report begins with an overview of Enclude's research methodology and the survey respondents, which included Echoing Green Fellows. The first half is dedicated to exploring respondents' current and anticipated funding by Capital Readiness Segment. The second half provides a look into the entrepreneurs' top barriers to accessing capital, as well as their desired support needs, and includes case studies of enterprises in each Segment. Finally, Echoing Green and Enclude suggest a framework for thinking through how to provide capital readiness support for a portfolio of social entrepreneurs, in addition to identifying three specific interventions and next steps."

"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."

"This report explores the common gaps that prevent youth from meeting job requirements, where education-focused entrepreneurs are making (or can make) the biggest difference, and what unique obstacles these entrepreneurs face. The report concludes with recommendations for how government and public officials, corporations, capacity-development providers and NGOs, and entrepreneurs themselves can best work together to improve education and skill development for youth."

"A fundamental challenge for new ventures is overcoming liabilities of newness - particularly, lack of relevant knowledge. Accelerators, intense, time-compressed entrepreneurial programs, attempt to alleviate these liabilities by providing ventures with intensive learning. While accelerators have rapidly emerged as prominent players in the entrepreneurial ecosystem, entrepreneurs, policy makers, and other practitioners have continued to raise questions about their efficacy. Mirroring such concerns, extant organizational theories offer competing predictions about whether and for which ventures accelerator participation might be beneficial. Drawing on hybrid empirical methods that triangulate across multiple quantitative and qualitative analyses, we consistently find evidence that many accelerators do indeed aid and accelerate venture development and that their effects are neither due purely to selection or credentialing. Intriguingly, our results also indicate that accelerator participation complements rather than substitutes for many forms of prior founder experience (e.g., having worked for a company that produces a lot of startups). Overall, we contribute by pioneering work on the nature and outcomes of accelerators, offering insight into the fundamental value of intensive indirect learning (vs direct learning) in new ventures and extending understanding of how organizations may speed products and services to market."

"Innovative start-ups are often considered to be a key source of innovation and job creation. As such they are the subject of several types of supportive public policies. This study examines the short-term and long-term effects of business incubators on the performance of innovative start-ups in terms of sales revenues and job creation. A large sample of N-¯=-¯2544 innovative Italian start-ups, of which 606 were incubated, was followed over a period of up to six years. Tobit and Poisson regressions and propensity-score matching analyses point towards a significant negative effect of incubator tenancy on sales revenues and no significant effect of incubation on job creation. Findings also suggest that the initially negative effect of incubation on sales revenues turns into a positive effect in the long term. The effects of incubator characteristics, in terms of ownership, certification, and size on the growth of tenant start-ups were further analysed, but these effects were found to be negligible. The study contributes to the literature on the evidence-based evaluation of business incubation performance. It suggests that public policy makers should lower their expectations regarding the numbers of new jobs created by business incubation support."

"The objective of this paper is to understand the mechanisms by which development projects facilitate market linkage of smallholder farmers based on panel data from Nicaragua. We find that activities related to entrepreneurial practices have positive and statistically significant effect on commercialization. We also find that increased commercialization is positively correlated with total bean sales income, suggesting a positive indirect effect of the activities. Other activities demonstrate no positive and robust effect on commercialization while direct positive effects on sales income can be observed. This implies that market linkage of smallholder farmers require different sets of intervention tools than traditional farm technical assistance."

"Whether differences among accelerators explain differences in the performance of member ventures is an important and underexplored question. Conversely, are the effects of accelerators so isomorphic, because they copy each other, that ventures from different accelerators report little performance differences? We use variance decomposition analysis to test whether variations in characteristics of accelerators explain performance differences in the ventures that belong to them. Using a sample of 1,442 ventures from 117 accelerator programs across 22 countries, we find that 11.13–14.18% variance of venture performance can be attributed to accelerator membership. Accelerator membership also accounted for 3.00, 5.15, and 16.65% in the variance for employee growth, employee costs, and revenue change, respectively. Our findings suggest that between accelerator differences can make a significant economic difference to venture performance."

"Many organizations around the world implement programs designed to encourage entrepreneurship, including grant prize awards, accelerator programs, incubators, etc. The goal of these programs is to supply entrepreneurs with early-stage support and visibility to help develop ideas and attract capital; but, if capital markets are efficient, good business ideas should find funding anyways. In this paper, I present evidence from the first global- scale, quasi-experimental study of whether entrepreneurship programs improve outcomes for start-up firms. I employ a regression discontinuity design to test whether winners of start- up program competitions perform better ex-post than losers, where the threshold rank for winning the competition provides exogenous variation in program participation. With 460 competitions across 113 countries and over 20,000 competing firms, I find that winning a competitions increases the probability of firm survival by 64%, the total amount of follow-on financing by $260,000 USD, and total employment by 47%, as well as other web-based metrics of firm success. Impacts are driven by medium-size prize competitions, and are precisely estimated both in countries where the costs of starting a business are low and where these costs are high. These results suggest that capital market frictions indeed prohibit start-up growth in many parts of the world."