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Migrant Entrepreneurship and Development: Practical Results and Policy Recommendations

This event discusses the practical results and policy recommendations for promoting migrant entrepreneurship and development. It aims to stimulate cooperation between countries, promote investment of knowledge and skills, and support enterprise creation by the diaspora.

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Migrant Entrepreneurship and Development: Practical Results and Policy Recommendations

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  1. IntEnt- “Migrant Entrepreneurship and Development: Practical results and policy recommendations" New York, 5 October 2006 Sponsored by

  2. Internatinal Entrepreneurship “enterprising across borders” ** 10 year aniversary this year ** IntEnt, The Netherlands Mrs. Nienke Stam on behalf of mr. Klaas Molenaarnstam@ondernemenoverdegrens.nl www.enterprisingacrossborders.eu

  3. GREAT IDEAS HAVE NO BORDERS Loesjeinternational

  4. Migrants are innovators To promote investments of knowledge, skills and ideas and financial resources Building bridges: Stimulate co-operationbetween countries (B2B, through matchmaking programme) Why stimulate enterprise creation by the diaspora?

  5. Migrant entrepreneurs themselves (10% direct costs) HIVOS Netherlands Government (Core funding) DEZ (Curacao Ministry of Economic Affaires) European Union (additional programmes) Who makes it possible? Participating in the IntEnt programme is the first investment in the business

  6. (Orthopedic) Shoes Pet foods Cosmetics (Biol) TV film production Computer repairs IT training school Labour mediation office The types of businesses • Solar panel trade • Hotel • Food / catering service • Textile embroidery • Plastic bags • Cold store • Daycare centers • Radio station • …. Stimulate labour intensive? Socially good? International? IntEnt: Whatever the entrepreneur wants

  7. Modular From person to enterprise The Funnel concept And … Principles of our programme

  8. IntEnt’s modules, step-by-step Promotion Selection Training “What does it mean to be an entrepreneur?” and “Business Plan Preparation” Personal Advise -> formulation of business plan Market research in program country Financing- mediation Personal advice during start and first year

  9. From person to enterprise “Do it yourself” approach

  10. The Funnel concept Whom to assist? The weak of the strong? Funnel principle: positive de-motivation

  11. And in addition • Business development services • Credit Guarantee Fund • Loans from local banks • Institutional development • Local “business clubs” • One stop shop • Modular: “cafeteria model”

  12. Investments made: US$ 15.900.000 Jobs created: 840 Results (1)

  13. % in business after 3 years: 80% SME Bank staf / Business Advisors trained: 120 people Our results (2)

  14. Our results (3)

  15. Policy lessons (1) • The IntEnt programme works! • Entrepreneurship cannot be combined with forced remigration programmes • Importance of circular migration needs to be recognized • Investing / money transfers are individual decision • Public funding is needed to attract private funding (support programmes, guarantees)

  16. Institutional lessons (1) • Entrepreneurship programmes should be run as a business. • The entrepreneur needs to pay a share. • Developing nations recognize the potential of the Diaspora and seek to work with IntEnt • Enterprises need a conducive enabling environment • BDS / financing is often not accessible for migrant SME’s

  17. Our own lessons (1) • Enterprise promotion programmes take time • Reach relatively smaller numbers • but the investments made are significant and sustainable • Migrant entrepreneurs start with own funds (savings, family loans, remitances)

  18. New IntEnt initiatives • Opening IntEnt local offices • Expanding to Diasporta in USA, UK, Germany • International Policy and Expert Meeting 22nd of November • www.geldnaarhuis.nl • Match-making programme • Business out of the Box

  19. IF YOU TRY YOU WIN AT LEAST EXPERIENCE Loesje

  20. Process Intake interview with IntEnt 1. Tailormade: your personal programme 4. Finalizing Businessplan 2. Orientation 3. Developing Businessplan 5. Counselling by start-up Training Orientation on Entrepreneurship (2 days) 6. Counselling after start-up Training Development of the Businessplan (3 days) Individual counsellling Advice on feasibility by IntEnt Financial Committee In consultation you decide to participate or not Depending on advice commettee Market research and Finalizing BP with assistance local coordination office. Advice of final Businessplan by IntEnt Assessment Committee. Assistance and advice in programme country

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