IntEnt“Migrant Entrepreneurship and Development: Practical results and policy recommendations"
New York, 5 October 2006
Sponsored by 1
© 2005 IntEnt
IntEnt, The Netherlands
Internatinal Entrepreneurship “enterprising across borders” ** 10 year aniversary this year **
Mrs. Nienke Stam on behalf of mr. Klaas Molenaar nstam@ondernemenoverdegrens.nl www.enterprisingacrossborders.eu
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© 2005 IntEnt
GREAT
IDEAS
HAVE NO BORDERS
Loesje international
© 2005 IntEnt
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Why stimulate enterprise creation by the diaspora?
Migrants are innovators To promote investments of knowledge, skills and ideas and financial resources Building bridges: Stimulate co-operation between countries (B2B, through matchmaking programme)
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© 2005 IntEnt
Who makes it possible?
• • • • • Migrant entrepreneurs themselves (10% direct costs) HIVOS Netherlands Government (Core funding) DEZ (Curacao Ministry of Economic Affaires) European Union (additional programmes)
© 2005 IntEnt
Participating in the IntEnt programme is the first investment in the business
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The types of businesses
• (Orthopedic) Shoes
• • • • • •
Pet foods Cosmetics (Biol) TV film production Computer repairs IT training school Labour mediation office
• • • • • • • • •
Solar panel trade Hotel Food / catering service Textile embroidery Plastic bags Cold store Daycare centers Radio station ….
© 2005 IntEnt
Stimulate labour intensive? Socially good? International? IntEnt: Whatever the entrepreneur wants
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Principles of our programme
I. II. III. IV. Modular From person to enterprise The Funnel concept And …
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IntEnt’s modules, step-by-step
1. Promotion 2. Selection 3. Training “What does it mean to be an entrepreneur?” and “Business Plan Preparation” 4. Personal Advise -> formulation of business plan 5. Market research in program country 6. Financing- mediation 7. Personal advice during start and first year
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From person to enterprise
Person
Enterprise
Degree of Attention Time during Small Business Creation Process
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“Do it yourself” approach
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The Funnel concept
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Whom to assist? The weak of the strong? Funnel principle: positive de-motivation
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And in addition
• • • • • • • Business development services Credit Guarantee Fund Loans from local banks Institutional development Local “business clubs” One stop shop Modular: “cafeteria model”
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Results (1)
Investments made: US$ 15.900.000 Jobs created: 840
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Our results (2)
% in business after 3 years: 80% SME Bank staf / Business Advisors trained: 120 people
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Our results (3)
Country
Interested Admitted Completes Completes Starters training market research
Surinam Ghana Morocco Turkey Curacao
2.004 732 1.305 487 934 170 5.957
427 287 287 119 129 76 26 1.351
336 254 110 50 83 43 16 892
121 67 31 18 17 9 3 226
76 54 27 10 12 11
© 2005 IntEnt
Afghanistan 325 Ethiopia Total
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Policy lessons (1)
• The IntEnt programme works! • Entrepreneurship cannot be combined with forced remigration programmes • Importance of circular migration needs to be recognized • Investing / money transfers are individual decision • Public funding is needed to attract private funding (support programmes, guarantees)
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© 2005 IntEnt
Institutional lessons (1)
• Entrepreneurship programmes should be run as a business. • The entrepreneur needs to pay a share. • Developing nations recognize the potential of the Diaspora and seek to work with IntEnt • Enterprises need a conducive enabling environment • BDS / financing is often not accessible for migrant SME’s
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© 2005 IntEnt
Our own lessons (1)
• Enterprise promotion programmes take time • Reach relatively smaller numbers • but the investments made are significant and sustainable • Migrant entrepreneurs start with own funds (savings, family loans, remitances)
© 2005 IntEnt
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New IntEnt initiatives
• Opening IntEnt local offices • Expanding to Diasporta in USA, UK, Germany • International Policy and Expert Meeting 22nd of November • www.geldnaarhuis.nl • Match-making programme • Business out of the Box
© 2005 IntEnt
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IF YOU TRY YOU WIN AT LEAST EXPERIENCE Loesje
© 2005 IntEnt
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Process
Intake interview with IntEnt 1. Tailormade: your personal programme
2. Orientatio n
Training Orientation on Entrepreneurship (2 days)
3. Developing Businessplan
4. Finalizing Businessplan
5. Counselling by start-up
Training Development of the Businessplan (3 days) Individual counsellling Depending on advice commettee Market research and Finalizing BP with assistance local coordination office. Advice of final Businessplan by IntEnt Assessment Committee.
6. Counselling after start-up
In consultation you decide to participate or not
Advice on feasibility by IntEnt Financial Committee
© 2005 IntEnt
Assistance and advice in programme country
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