Ecuador
Over the past decade, Ecuador has suffered major natural disasters, hyperinflation, the collapse of the banking sector, and several coups. Its economy is largely dependent on the export of oil and on money transfers from Ecuadorians working abroad. In spite of recent efforts to stabilize the economy, unemployment levels remain high, and a third of the population lives below the poverty line. To improve the quality of life for Ecuadoreans at the bottom of the economic pyramid, TechnoServe, with the support of the Inter-American Development Bank and SABMiller through its subsidiary Cervecería Nacional, is introducing its successful business plan competition model. The program will help the country's nascent entrepreneurs turn good ideas into thriving small and medium businesses that generate jobs and markets while also increasing the supply of high-quality, affordable goods and services. The emphasis will be on businesses in the fields of energy, food, health, housing, basic services and information technology.
Technoserve/Ecuador
TechnoServe/Ecuador Contact: Andres Rico
Established: 2009
Practices: Developing Entrepreneurs
Developing Entrepreneurs
Business Plan Competitions
TechnoServe is introducing its successful business plan competition model to help Ecuador's budding entrepreneurs and small businesses turn good ideas into thriving, growth-oriented businesses. The program focuses on small and medium businesses that benefit people at the bottom of the economic pyramid by generating jobs and markets while also increasing the supply of high-quality, affordable goods and services. There is also an emphasis on businesses in the fields of food security, health, housing, basic services, tourism, energy, and information technology. Business plan competitions have been proven to cultivate and foster innovation and new business ideas. TechnoServe also provides after-care services to its business plan competition participants and winners, as well as seed capital for the most promising businesses.
Key supporters: Inter-American Development Bank, SABMiller
"One lesson I have learned from institutions like TechnoServe is that with concentrated effort...coupled with knowledge, finance and committed people on the ground, you will successfully advance rural economic development."
BASIL MRAMBA
Former Minister of Finance, Tanzania









