Programs: Haitian Business Accelerator
Facts
Announced:
August 10, 2011
Category:
Providing Small & Growing Businesses with Access to Financing & Business Services
Grant Amount: $2,000,000 Grant
Grant Objective:
Help Haitian entrepreneurs develop their businesses and enter the formal sector.
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Josette Florvil, business plan winner at Mon Entreprise, Mon Avenir.
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Participants at TechnoServe's business plan competition, Mon Entreprise, Mon Avenir.
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TechnoServe has executed similar projects around the world. This Business Plan winner is from Kenya.
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A Business Plan winner in El Salvador.
The Clinton Bush Haiti Fund awarded a $2 million grant to TechnoServe to implement the Haitian Business Accelerator to transform small and growing businesses into investment-ready, bankable companies positioned to promote jobs and develop Haiti's formal economy.
The Clinton Bush Haiti Fund's grant to TechnoServe is being used to implement the Haitian Business Accelerator, which intends to transform small and growing businesses into investment-ready, bankable companies positioned to promote jobs and develop Haiti's formal economy.
The formal business sector in Haiti is small. Many small and growing companies need the business expertise and, in some cases, the seed capital, to enter into it. TechnoServe's Haitian Business Accelerator seeks to use business plan competitions to find these promising entrepreneurs, and work alongside these investment-worthy companies to provide them with practical business training.
Program Updates
Applications to participate in the upcoming Mon Entreprise, Mon Avenir business plan competition are due December 15, 2011. Interested entrepreneurs should visit www.memahaiti.org for more information.
Why We Invested in the Haitian Business Accelerator
Clinton Bush Haiti Fund's grant to TechnoServe's Haitian Business Accelerator reflects our commitment to restarting, expanding and creating small and growing businesses, while empowering individuals and organizations to transition from the informal to the formal sector.
Transforming Lives and Livelihoods
The Clinton Bush Haiti Fund grant to support the Haitian Business Accelerator aims to:
- Identify and support Haitian entrepreneurs through capacity-building and practical business training;
- Facilitate access to finance for developing enterprises;
- Strengthen entrepreneurship networks by collaborating with existing institutions, ultimately strengthening the business development services sector of Haiti;
- Develop a project that will, after three years, pass the business development services it provides on to Haitian institutions.
About TechnoServe
Since 1968, TechnoServe has helped entrepreneurial men and women in poor areas of the developing world to build businesses that create income, opportunity, and economic growth for their families, their communities, and their countries. See more of what TechnoServe is doing at www.technoserve.org. Visit www.memahaiti.org for more information about the Haitian Business Accelerator.
