As a way of testing entrepreneurship support in Africa as a scalable and sustainable way of generating employment, UNIDO partnered with Bridge for Billions to create a pilot program in Guinea to support entrepreneurs in the development of new bankable businesses.
SMEs create 60% of all jobs in developing economies, but these positions are heavily threatened by automation and AI. Because of this, innovation-based entrepreneurship is the most systemic instrument to drive economies’ structural transformation. There is a need for capacity building of local incubators and accelerators while boosting entrepreneurship culture, access to mentorship, and networking for those innovative entrepreneurs to emerge and ensure long-term employment.
UNIDO partnered with Bridge for Billions to create the IDEA App, an online entrepreneurship program to connect entrepreneurs with mentors from all over the world to transfer knowledge and develop an entrepreneurial mindset and skills. Bridge for Billions coordinates programs in several countries by building the capacity of local Incubation Centers, scouting and training global mentors, regularly coaching founders online, monitoring the program implementation, and evaluating the overall impact of the initiative with the objective that entrepreneurs can contribute to new business development and the economic growth of their communities.
Agro-food company with 10 employees that produces palm oil, rice and pineapples. Has a 75-hectare palm plantation in Kenema, Sierra Leone.
The CAPA agricultural cooperative’s digital “crowd farming” tool allows any individual with savings to sponsor a farming project.
UNIDO and Bridge for BIllions designed each entrepreneurship program taking into account the most critical value chains for each country, and found entrepreneurs working on the fundamental challenges for the sector with the support of local incubators.
Jatropha Hub’s mission is to improve the living conditions of populations through entrepreneurship. They emphasize innovation as the engine of employment and empowerment of the young generation.
Rui Martins Levy
Euclides Horta Lopes Correia
IDEA App Guinea is on the lookout for public and private institutional partners and donors to make the program sustainable and amplify its impact over the next few years. Send us an email and make a difference in developing the entrepreneurial ecosystem of your country or region.