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Supporting entrepreneurs

Miquel de Paladella. Supporting entrepreneurs. Preliminary lessons learnt from a benchmarking exercise. …. Geography of delivery. Achieved great growth; Attracts money; Tests international expansion; Founders or investors might exit company.

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Supporting entrepreneurs

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  1. Miquel de Paladella Supporting entrepreneurs Preliminary lessons learnt from a benchmarking exercise

  2. …

  3. Geography of delivery

  4. Achieved great growth; Attracts money; Tests international expansion; Founders or investors might exit company Focused in KPI-based growth; growing market traction and share; Hiring to improve processes. Solution tested and validated in the market; KPIs identified; Can start attracting external resources. Committed, skills-balanced founding team with shared vision and values; Able to develop MVP; committed resources to test it. Vision, mission defined; Strategy drafted; Key milestones defined; Basic team of founders formed. Initial idea in place; one person or vague team; no explicit commitment in the team. Many options at initial and final phases. Fewer options in the middle. STAGE OF SUPPORT: WHEN DO THEY SUPPORT

  5. PORTFOLIO OF SERVICES

  6. HOW DO THEY REPORT/TALK ABOUT THEIR SUCCESS?

  7. HOW DO THEY FUND THEMSELVES? Philanthropy Philanthropy Philanthropy Government grants/public funding Fund management Services sold to entrepreneurs Service sold to other stakeholders Events

  8. WHAT DELIVERY MECHANISMS DO THEY USE? Bridge forBillions SCP/RAC UnreasonableInstitute Ashoka

  9. SIZE OF THE PIPELINE AND SELECTION PROCESS Applicants How many people apply, and how many are finally selected. How many people participate, and what are the non-selected taking from Phase 1. 1st phase 2,700 2nd phase Idem. How many people participate, and what are the final outcomes of the process. 3rd phase 43

  10. SIMILARITY GAUGE Unreasonable Institute Endeavor SPARK SEED Enactus EFE INJAZ Al-Arab Bridge for Billions Flat6Labs Mowgli Schwab Foundation AMIDEAST Yunus Social Business ILO Green Jobs RIBH MENA ETF Ashoka Based on an overview of programme (mostly), objectives and geography, this is an (un-scientific) snapshot of how similar benchmarked programmes are to the Green Entrepreneur Programme.

  11. HOW IS SCP/RAC GREEN ENTREPRENEURSHIP (GE) PROGRAMME POSITIONED VIS-A-VIS THE OTHERS? (at this early stage)

  12. PROVISIONAL CONCLUSIONS: CORRELATIONS Stage of support ⇔ funding source • The earlier the stage of the entrepreneur, the more philanthropy or public funding they need. • The later the stage of the entrepreneur, the more interest in investment or services they are. • Very few manage to generate income through services: do entrepreneurs value what they get? Is the service good enough to pay for it? EXCEPTIONS: Unreasonable Institute Bridge for Billions Ashoka Support Network

  13. PROVISIONAL CONCLUSIONS: NICHE or WARNING • Very few programmes support entrepreneurs in the Validatingphase (when it works in small, and it is time to grow). • Why? • Because entrepreneurs collect little evidence? • Because business models are not solidly tested? • Because the innovation is not designed to scale, but only to work in small? • Because entrepreneur might not be the right person to take it to scale? • Because investors prefer more consolidated stages? • Because public funding and philanthropy prefer early stages?

  14. PROVISIONAL CONCLUSIONS: INTERESTING RARE ANIMALS www.changeX.org www.bridgeforbillions.org

  15. Thanks Miquel de Paladella UpSocial.org

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