Download - GEC+ 2016: Emanuele Santi
An Ecosystem Value Chain Approach to
Enterpreneurship
The experience of African Development Bank in Tunisia
GEC+ Daegou, Entrepreneurship Ecosystem Building, 26 August
High Unemploymen
t
High expectation for a
concrete response to
major concerns in a country facing
transition
Regional and Social
Disparities
Weak Enterpreneursh
ip culture
Difficult access to traditional financial
system
Fragmentation of
players
Capi
tal Lack of and
non inclusiveness of financial services
Vulnerable to moods swings and changing riskappetite (post-revolution)
“valley of death”
Skill
s Informal microenterprises Skills for business usually gained outside formal education
Inefficient Support structure
Entrepreneurship Ecosystem
Mar
ketsSmall local
markets
Undeveloped regional integration
Difficult business conditions
Money and beyond: Tunisian pioneer gap
New development approach centered around people and their ideas
Selected based on (i) capacity to generate employment, (ii) reduce disparities, (iii) innovation (iv) financial viability, and (v) replicability
Start up grant fund + Co-financing
A mentoring program
An Innovative Approach
IDEAS
Seed grant funding
Mentoring coaching
Economic & social IMPACT
Co financing by local
bank
Private Sector Banks Civil
Society
AcademiaDonors and International Organizations
More than just a PARTNESHIP: a VALUE CHAIN
Synergies
Resources
Know-How Outreach, Selection and Fol low up
Strenghtening Ecosystem
AfDB: Convener/ Catalyst
Overcoming INFORMATION GAPs and Ensuring TRANSPARENCY troughout the process Massive outreach
campain (5 Millions SMS, 50+ CSOs) to provide opportunities to all
Assistance to on-line submission
Regular Media updates
Social Media and Geo-platform to ensure follow up (200,000 visits) and accountability
Virtual Souk
Key Numbers (first edition)Demand: 2000 applications (61 selected for grant funding) Leveraging: 1 Million euros helped raise over
twice such amount Million TND through local Bank,
Cutting Partner Bank ‘s approval process from 20 to 3 monthsSocial Impact : 62% from the most
disadvantaged regions, 54% from youth, 52%
unemployed, 32% from women, 1000 jobs estimated
Ecosystem : 20 partners including Banks, Business Associations, Multilateral and Bilateral Development Organizations, Private Companies, CSO and Academia
Man Women
10%
24%
7%
31%
15%
13%
Profile of laureates
Student Entrepreneur Employee Unemployed Manager Other
Wide representation of the Tunisian population: women, unemployed, youth
Ariana
Beja
Ben Aro
us
Bizerte
Gabes
Gafsa
Jendouba
Kairouan
Kasseri
neKeb
ili Kef
Meden
ine
Mehdia
Mennouba
Monastir
Nabeu
lSfa
x
Sidi B
ouzidSili
ana
Sousse
Tatao
uineTo
zeur
Tunis
Zaghouan
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4
5
6
7
4
6
3
2
5
4 4
3
5
1
5
1 1 1 1 1
2
4
2 2
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2
5
3
Geographical distribution 60% of the
projects from the under
privileged
areas
Difficulties in moving from ideas to projects (strenghten incubation) - Phase 2 has stronger selection and face interview
Importance of an integrated approach: equity + debt + training + coaching
Early engagement of local Banks, and diversity of selection committee
Importance of Transperency Credibility vs Hazard
Flexible capital (missing middle) can help get business start quickly and raise funds. Grant vs Loan?
Need to differenciate needs and more tailoring: next phase: Start Ups vs SMEs
Next steps• 3rd edition of Souk Attanmia and replication
in other countries (e.g. Cote Ivoire – Jeune Up)
• Jobs for Youth in Africa: comprehensive initiative combining intervention in skills development to SME support
• Boost Africa, blended finance vehicle to support the emergence of VC and business incubators across teh continent
Partnership approach extended to private sector, foundation and other players
www.soukattanmia.org
www.afdb.org
@SoukAttanmia
Thank you
Emanuele SantiLeas Strategy [email protected]
SoukAttanmia