In East Africa, TechnoServe will launch a six month pilot phase of the Accelerator to prove the concept by securing the first two to three deals. In Tanzania, TechnoServe is launching a second year of Believe, Begin, Become with a focus on growing existing businesses and partnering with a local brokerage house to secure the access to capital, as well as developing a support program for local business development service providers.
In Latin America, TechnoServe is launching a six country regional BPC program that is focused on enterprises serving the bottom of the pyramid and takes into account the findings and recommendations outlined above. The countries are broken into two waves with the first wave in 2009 include Peru, Colombia and Chile.
In India, TechnoServe is launching an incubator focused on social enterprises in Karnataka state to adapt and prove the concept there.
In the other countries, TechnoServe is also testing a range of innovative ways of evolving the BPCs into 'always on' platforms for the sustainable support of SGBs. In order to create a supportive ecosystem for the Small and Growing Businesses (SGBs) in their network.<br /><br />
TechnoServe is implementing a range of innovative approaches across their areas of operations that include a brokerage function bringing together providers of capital and SGB seekers of capital and technical assistance in agribusiness in East Africa (the 'Accelerator'), that creates an aggregating pipeline of SGBs for independent brokers to source capital in Tanzania and that focuses on the growth of socially-focused SGBs in India, through a small enterprise incubator.
TechnoServe will launch a six-country business plan competition (BPC) program in Latin America and to pilot new programs and expand existing programs in Africa and Asia. Over the past six years, TechnoServe has run 20 BPCs in Africa and Latin America. These are programs to help develop small and growing businesses (SGBs) by selecting entrepreneurial people with good potential, training them to develop good business plans and helping them access the finance, business advice and support they need to turn their plans into growing businesses. The programs have been successful to date.
One of the key lessons to emerge from running BPCs has been that in order to ensure successful launch and growth of the businesses, significant attention needs to be paid to what happens post competition. The markets in most of our target countries are not yet working well enough to pick up such entrepreneurs and ensure their success without significant priming. Thus, TechnoServe's evolving focus is to move beyond the BPCs as the major point of intervention to use the brand reputation they create for Small and Growing Businesses (SGB) development as a platform for the launch of a more comprehensive set of interventions that helps to ensure that good entrepreneurs can access finance and support services. And TechnoServe finds that, in some cases, they need to support the development of the local providers of business development services as well to ensure they have the capacity to support the entrepreneurs.
SEEKING: financial resources, implementing partners. This project relies entirely on partner financing (we have no capital of our own to distribute.) Additionally, we will need to identify sources of donor capital for the Accelrator's operations if the