Business Incubation Communities
BIC Ethiopia (Business Incubation) addresses several bottlenecks in the Ethiopian incubation eco-system: We target the lack of sustainable and technically sound business models of exciting incubators through regional benchmarking, best practice examples, new revenue models, standardised curricula, and professionalised operations. The capacity of incubation hub staff will be strengthened by adequate and practical skills, operational and organisational management programmes and follow-up support. The project collaborates with private financing institutions like banks and equity investors to facilitate out-of-the-box thinking to create new financial access opportunities for MSMEs.
The overall objective of BIC Ethiopia is to capacitate business incubators in supporting agri-tech and agri-business start-ups and MSMEs to improve market access, generate higher income and create jobs. The action has two specific objectives. (1) To enable existing and new incubators supporting high potential start-ups with an innovative business model addressing market needs and potentials in terms of job creation and income generation. (2) To enhance business incubators’ ability to unlock the potential of agri-tech and agri-business by delivering necessary tools to enable business growth along different stages of maturity.
The envisaged impact is improved performance of a up to 15 incubators in Ethiopia by strengthening the incubation eco-system, increase incubators capacity and their services. The action will provide business support services to 1060 start-ups (i.e. persons) and 360 MSMEs, while two persons for each enterprise will be capacitated, enable innovative finance facilitation instruments as well as contribute to the government’s efforts to establish a regulatory and policy framework for MSME/start-up incubation. 85%+ of the MSMEs in the programme will confirm that they gained new knowledge and skills. 2,280 trainees (2180 entrepreneurs and 100 incubator staff) will participate in different trainings. Furthermore, 1880 new jobs will be created and 50% of the MSMEs overall income will increase.
BIC Ethiopia is implemented by sequa gGmbH together with the partners organizations Addis Ababa Chamber of Commerce and Industry, adelphi, GrowthAfrica, icehawassa, and Menschen für Menschen.
This website was created and maintained with the financial support of the European Union. Its contents are the sole responsibility of BIC Ethiopia and do not necessarily reflect the views of the European Union.
Copyright © 2022 BIC Ethiopia - Official website of BIC Ethiopia - All Rights Reserved.
BIC Ethiopia is co-funded by the European Union.