Our Strategic Approach

Building on existing and tested entrepreneurship development tools and a local network of trainers: The initiative relies on forging partnership with stakeholders including all existing Business development providers, regional network of International Labor Organization (ILO) master trainers in entrepreneurship who are licensed to train local trainers

 

Offering packages of assistance: The entrepreneurship training will be complemented by advisory services, mentorships, as well as access to finance and technology. In order to ensure that assistance is demand-driven and sustainable, training needs will be identified based on market analysis and value chain approaches

 

Developing the market for business services: All enterprise support services will be provided through existing local service providers, such as business associations and private consultancy firms. These organizations will receive support to become effective training providers. They will charge fees to clients, potential young entrepreneurs, from the start of the initiative. The multiple partner structure enhances competition among training providers and enhances the sustainability of the initiative

 

Facilitating youth participation: Youth will be encouraged to contribute to the initiative. A business plan competitive grant scheme will invite youth-led organisations to submit innovative projects on entrepreneurship promotion. Based on the findings of programme evaluations and youth business climate surveys, training will be given to youth organizations on how to do evidence-based advocacy on youth employment

 

Making synergies work: Cross-country cooperation of policy makers and training providers will facilitate sharing of good practices in youth entrepreneurship

 

Targeting different groups of young people: In order to reach out to a large number of potential and existing youth entrepreneurs, it is essential to target necessity-driven youth entrepreneurs, such as “survivalist start-ups” in the informal sector, as well as opportunity-driven SMEs with high potential for creating additional employment in the formal sector