TechnoServe Launches Program to Boost Development of Central American and African Businesses

August 24, 2012

Some 560 small- to medium-sized enterprises (SMEs) will be able to develop their businesses through a new entrepreneurship development program, “Impulsa Tu Empresa (Boost Your Business), that TechnoServe plans to implement in Nicaragua, Honduras, Guatemala and Burkina Faso in Africa.

This post was originally published at NextBillion, where TechnoServe is a content partner. It is also available in Spanish.

Some 560 small- to medium-sized enterprises (SMEs) will be able to develop their businesses through a new entrepreneurship development program, Impulsa Tu Empresa (Boost Your Business), that TechnoServe plans to implement in Nicaragua, Honduras, Guatemala and Burkina Faso in Africa. 

The program, supported by the Argidius Foundation, is designed to give mentoring and business training for entrepreneurs. It will also include a business plan competition for new ideas and existing businesses. The program aims to assist businesses with annual sales between $500,000 and $2 million, particularly those that make products with added value as well as service businesses principally located in urban areas. 

One of the objectives of the program is to support business ideas with high growth potential. The goal is to find businesses that can turn themselves into solid, stable, transparent, innovative enterprises capable of attracting investment for expansion. 

Oscar Artiga, regional director for the program, said that the entrepreneurs selected to work with TechnoServe will receive direct advice from specialists who will support them in creating growth plans for their businesses. Other benefits of the program include helping the entrepreneurs find financing. Additionally, their performance will be monitored and business networks will be created with the assistance of the program. This will help these businesses improve their access to markets, broaden their sources of funding and develop marketing, accounting and cost strategies. 

Artiga said the program is seeking corporate partners to support the growth of businesses with high potential. 

“The role of private enterprise in this process is crucial, because it is business leaders that will work closely with the entrepreneurs, mentoring them, sharing knowledge, counseling them and helping them be more competitive,” Artiga said. 

In two years, the TechnoServe program seeks to create some $13 million in sales among the assisted businesses and contribute to the creation of 700 new jobs. 

On the international level, TechnoServe has developed dozens of entrepreneurship programs that have helped create or expand businesses. TechnoServe currently has entrepreneurship programs across South America, Africa and Haiti. 

How to apply

To join the program, entrepreneurs can visit www.impulsatuempresa.org to submit an application. Those interested can also email emprendimiento@tns.org or emprendimientos@tns.org.

 

Related Blog Posts

 

Improving Livelihoods by Saving Animals

Improving Livelihoods by Saving Animals

TechnoServe is working to expand commercial livestock services across Kenya's rangelands and is evaluating which business models can provide sustainable agrovet services to pastoralist communities.

Cultivating Change for Women Farmers through Cotton

Cultivating Change for Women Farmers through Cotton

In India, the world's largest producer of cotton, women farmers are training in farming, business, and digital savings skills that are helping them to increase their incomes and decision-making power, both on the farm and at home.

Cocoa: Bringing Forests and Farmers Together in Peru

Cocoa: Bringing Forests and Farmers Together in Peru

In San Martin, Apahuit Cooperative is working alongside TechnoServe and their farmer members to implement simple, ecofriendly techniques that boost their cocoa yields, improve incomes, and fight deforestation.