Finding & Fixing the Gaps in the Entrepreneurial Ecosystem in Rwanda

Finding & Fixing the Gaps in the Entrepreneurial Ecosystem in Rwanda

What hampers businesses to thrive in Rwanda? That was the question that led the roundtable organized by BiD Network and Ejo Partners as part of Global Entrepreneurship Week. Entrepreneurs, Business Development Service providers and financiers came together to collaboratively discuss the problems and solutions. Equipped with post-its in different colors, all participants got to indicate their perceived problems and solutions. A recurring theme was the attitude of the entrepreneurs. The problem post-its were filled with “a lack of entrepreneurial spirit,” the solution post-its with “changing the attitude of entrepreneurs.” More specifically, below are 5 problems and 5 solutions as a result of the roundtable.   PROBLEMS The biggest problem is how to get stakeholders to collaborate more. Particularly banks are comfortable in their own space. Roundtables such as this one organized by BiD Network can only go so far. Record keeping remains challenging. Bookkeeping should be a practice incorporated from the very beginning. It aids in forming a strategy and improving access to finance. Unfortunately, many entrepreneurs only realize the necessity when they are in need of finance. Entrepreneurs like to be in charge. This is a double-edged sword. On the one hand, it is important to know what is going on in your business. On the other hand, it does undermine the ability of experts taking certain activities on. There is a disconnection between the high international product standards and the low purchasing power in Rwanda. To create products that can be exported means increasing production costs. This translates into prices that have a high likelihood of excluding the local market. Bank lending rates are sky high. In...

Start 8-daagse Ondernemen Zonder Grenzen Summer School!

Wil je meedoen aan de businessplancompetitie van Ondernemen Zonder Grenzen, maar mis je nog kennis op het gebied van financiën, het formuleren van jouw waardepropositie of marketing en communicatie? Dan biedt de OZG summer school uitkomst! Je kunt alle 8 cursusdagen volgen of enkele modules. Bekijk het factsheet voor meer informatie! Deadline voor aanmelden is 20 juli. De OZG summer school in augustus en september biedt startende ondernemers de kans om onder begeleiding hun wereldidee uit te werken tot een concreet businessplan. De 8-daagse cursus bestaat uit een gevarieerd programma, waarin inhoud verzorgd wordt door gastsprekers als Harmen van Heist van Rural Spark en Nassira Boudhan van A-Lief, en experts van E&Y, BiD network, de Impact Hub en NCDO. In de praktische sessies ga je vooral zelf aan de slag. Het is mogelijk om de hele 8-daagse te volgen, of een of meer 2-daagse modules. Op de website ondernemenzondergrenzen.nl vind je alle informatie over het programma en de voorwaarden voor deelname. Heb je vragen of wil je meer informatie over de summer school? Neem dan contact op met Josje van de Grift, 020 568 8751 of mail naar jvandegrift@ncdo.nl of bekijk het filmpje met verhalen van oud-deelnemers....

Ondernemen Zonder Grenzen Kick-Off in Amsterdam

Last week the official Kick-Off event of Ondernemen Zonder Grenzen (Entrepreneurs without borders) took place in Amsterdam. This yearly competition is held to get together and support Dutch social entrepreneurs who have ideas to start a sustainable business in Africa, Asia or Latin-America. The Kick-Off was the official opening of the competition, which means that interested entrepreneurs can now send in their business plan in order to receive coaching to further develop their ideas. Entrepreneurs and experts came together in Amsterdam to meet each other, exchange tips and ideas and to get inspired. The day was filled with networking activities, inspiring talks, speed dates with experts and a small pitching competition. Two successful entrepreneurs, Hajo van Beijma of Text to Change and Roel de Haas of Books for the other 90 percent, talked about their experiences, shared tips and answered questions from starting entrepreneurs. During speed dating sessions experts from VC4Africa, Business Palace, ICCO, SPARK, BiD Network, PUM, Africa Funded, Aqua for All, EY, the Ministry of Foreign Affairs, New World Campus, Europe Council and RVO gave advice and feedback to starting and internationally focused entrepreneurs. In the afternoon a Dragon’s Den took place for ‘most promising ideas’. Six brave starting entrepreneurs pitched their business ideas for the jury and public, after which both the jury and the public choose a winner. The public winner won a coaching session with an expert and the winner chosen by the jury won a place in the Ondernemen Zonder Grenzen Summer School, a week full of courses and trainings to prepare entrepreneurs for the competition and for the entrepreneurial journey that lies ahead of them. The day was closed off with drinks and a delicious barbeque, which created even more opportunities to network...

The Spring Challenge North Kosovo 2014 is open!

Business Center Zvecan supported by BiD Network organizes the Spring Challenge North Kosovo 2014. We welcome business plans from companies that are starting or growing their business in Kosovo, have growth ambitions, are willing to write a business plan and are looking for $10,000 to $5 million over the next 5 years. Win arranged business trips and prize money! Besides the main prize, you will also benefit from: Free coaching, feedback and support in writing your business plan Expert advice to start and promote your business • Training in “Business Planning”, “Business Finance” and “Pitching for Success” Preparing for financing from other donors and financiers in Kosovo and abroad For more information, visit the new online community of Business Center...

Vote for BiD Network – E&Y partnership

  To celebrate two years of fruitful partnership, BiD Network & Ernst & Young participate in De Partnershipverkiezing 2012 with a ‘Best Partner’ reward thrown in. Ernst & Young encourages their people to donate their skills to smaller ventures that have the potential to contribute significantly to the economy of a household, a village or an entire nation. This is why Ernst & Young supports BiD Network entrepreneurs by coaching them in writing their business plan and by sharing their expertise. Ernst & Young has been a coaching partner of BiD Network since 2010. They have also been involved in the Women in Business Challenge, and the Ondernemen Zonder Grenzen competition. We are a perfect example of how profit and non-profit organizations can collaborate to build and promote sustainable entrepreneurship in emerging markets through an ambitious coaching program. We do think we are the best partners. We would love our collaboration to be rewarded in De Partnershipverkiezing 2012, a Dutch competition conceived by Behold. Winning would allow us to reach key stakeholders, a larger audience and get access to training to make our coaching program grow. To help BiD Network & Ernst & Young win and to show your support for our coaching services, vote now on nuzakelijk.nl. How to vote? Simple! – Go to nuzakelijk.nl, – spot the Stem nu! vote module in the right column, and select Ernst & Young, BiD Network – enter your email address – and confirm your vote by clicking in the email you receive just after. Want to do more? Feel free to spread the word on Facebook & Twitter. Thanks for your...