SOCIAL ENTREPRENEURSHIP FOR SUSTAINABLE DEVELOPMENT IN SUB-SAHARAN AFRICA: LESSONS LEARNED FROM BUSINESS INCUBATION IN SELECTED COUNTRIESINTERNATIONAL SYMPOSIUMDate: 26th August 2022, Time: 09:00 \u2013 15:00 (GMT+1)
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\nBackground
\nAs elsewhere in the world, Business support organizations (BSOs) are more and more numerous on the African continent. These organizations are known primarily for providing the structural support that allows new businesses to grow and become financially independent. The main mission of these structures is to support and guide entrepreneurs who need advice on how to structure their project and make it viable, whether they are in the idea phase, a start-up company or already well-structured companies looking to accelerate their growth. In the last decade, sub-Saharan Africa has also witnessed a proliferation of BSOs, and it is hoped that they will play a key role in attaining the United Nations Sustainable Development Goals (SDGs), especially with regards to gender equality and the promotion of sustained and inclusive economic growth. Yet, the effectiveness and impact of these business support organizations remain largely unexplored. Likewise, their role in accelerating the economic transformation of Africa seems hard to be established.
\nSince September 2020, the Nkafu Policy Institute, a Think Tank at the Denis and Lenora Foretia Foundation, in partnership with organizations in Ghana (Innohub LTD) and Burkina Faso (Burkina Business Incubator), is implementing a 2-year project. This project is entitled: \u201cSocial Entrepreneurship for Sustainable Development in sub-Saharan Africa: Lessons learned from business incubation in Cameroon, Burkina Faso, and Ghana\u201d and is funded by the International Development Research Centre (IDRC). The main objective of this project is to map the business incubation practices in the selected countries and see how these practices contribute to Sustainable Development Goals (SDGs) 4, 5, 8, 9, and 13; and therefore promote social entrepreneurship.
\nObjective of the International symposium
\nThis event aims to present general report of the research to the stakeholders. It will also serve as a forum for the Nkafu Policy Institute, its partners in Burkina Faso and Ghana, to discuss the way forward.
\nExpected results of the event
\nAt the end of this event, the following key outcomes are expected to be achieved:
\nThe link between business support organizations and the ecosystem for innovation and science in sub-Saharan Africa is established, with evidence on what works and what needs to be improved\/modified for sustainable scaling.
\nThe current challenges faced by business support structures in achieving the set objectives are critically assessed in each selected country.
\nWeaknesses in current practices and the impact of the cultural and institutional environment identified in the selected countries.
\nAn in-depth and evolving research project across sub-Saharan African countries on business incubation practices and the achievement of the SDGs is initiated.
\nParticipants
\nProject sponsor
\n\u00b7 The International Development Research Centre (IDRC)
\nProject partners
\n\u00b7 5 invitees per country (2 from the partner organizations, 1 from the public sector, 1 expert and 1 from the media)
\nState representatives in Cameroon
\n\u00b7 Ministry of Scientific Research and Innovation.
\n\u00b7 Ministry of Small and Medium-sized Enterprises, Social Economy and Handicrafts.
\n\u00b7 Ministry of Women\u2019s Empowerment and the Family.
\n\u00b7 Ministry of Higher Education.
\n\u00b7 Ministry of Finance.
\n\u00b7 Ministry of Youth Affairs and Civic Education.
\nOther stakeholders
\n\u00b7 Entrepreneurs
\n\u00b7 Business support organizations
\n\u00b7 Social Entrepreneurs
\n\u00b7 Capital providers
\n\u00b7 Ecosystem enablers\/policy makers
\n\u00b7 Professional associations;
\n\u00b7 Community-based organizations (CBOs)
\n\u00b7 Non-Governmental Organizations (NGOs)
\n\u00b7 Higher institutions of learning \u2013 universities;
\n\u00b7 Vocational schools
\n\u00b7 Experts;
\n\u00b7 Public personalities
\n\u00b7 Medias
\nDue to the Covid-19 barrier measures, participation in Djeuga Palace will be by invitation only. The expected number of participants is 50 maximum. The event will be hybrid.
\nContact
\nEmail: info@foretiafoundation.org \/ Tel: (+237) 22 31 15 84 \/ 653 78 25 81\/ 698 64 55 24
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