Video: Boosting Business Growth in Nicaragua

June 18, 2013

A TechnoServe business plan competition helped Verónica Bucardo take her fledgling textile manufacturing business to new heights.

Verónica Bucardo is proud of the steady growth of IKO Imagen, the textile and handbag manufacturing company she co-founded in Managua, Nicaragua. She credits Idea Tu Empresa (ITE), a business plan competition organized by TechnoServe, with helping the IKO Imagen team refine its business plan and set a course for success. After entering and winning the 2010 competition, IKO Imagen received training, support and $10,000 in seed money that allowed the business to invest in several pieces of industrial equipment and diversify its products and services. “I am sure that if we had not won TechnoServe’s competition, our growth would have been much slower,” Veronica says.

Learn more about IKO Imagen’s success.

 

Related Blog Posts

 

Key Insights to Create Change in Central America’s Coffee Sector

Key Insights to Create Change in Central America’s Coffee Sector

TechnoServe’s Country Director in Nicaragua shares important lessons learned from our work creating inclusive and productive coffee value chains in Central America.

Accelerating Impact for Entrepreneurs

Accelerating Impact for Entrepreneurs

A newly released report by Emory University and TechnoServe shows that carefully designed accelerator programs can facilitate revenue growth.

Pioneering Strategies: From Cheese Production to Market Systems

Pioneering Strategies: From Cheese Production to Market Systems

Building on past successes has helped TechnoServe's Crescer program and the entrepreneurs it supports to improve strategies for stronger community economies.