Theme
Capacity Development

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"This article presents an innovative method of engaging MBA students in a capstone course by offering a customizable project with businesses that are currently progressing through a regional, independent incubator, or accelerator program. We include various project options but focus on customizable capstone project alternatives to traditional business strategy simulations and case study methods. Namely, our innovative learning solution is a mock consulting project which drives innovation and fosters strategic collaboration between small business owners, university faculty, and MBA students while providing business strategy experience and generating positive exposure for both the university and the small businesses involved. Our method includes pairing MBA students with participating startup businesses and allowing the soon-to-be MBAs an opportunity to garner consulting experience while simultaneously serving the needs of the businesses in the accelerator. Accordingly, MBA students act as consultants to business owners and prepare detailed weekly briefings to inform stakeholders within the university and the constituent businesses. By breaching the typical capstone project parameters, the mock consulting option provides for experiential and applied learning experiences for MBA students and develops higher order strategic thinking by challenging them to work hand-in-hand with real startups."

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"Current women's economic empowerment interventions are not enough to overcome all obstacles facing female entrepreneurs. The emerging evidence from psychology and experimental economics on agency; mindset, and leadership show that for successful interventions to be transformative, they need to move beyond basic access to financial and human capital and also tackle central psychological, social, and skills constraints on women entrepreneurs.

Emerging evidence from recent studies on different capital-based, training-based, and gender based interventions, using randomized control trials, present promising interventions to support women entrepreneurs. An experimental study in Uganda found that Providing financial capital (i.e., subsidized microcredit coupled with Start and Improve Your Business training module), while effective for men, does not have any impact on female owned enterprise profits. Similarly, a randomized control trial on Tanzania's Business Women Connect program found that while the mobile savings program substantially increased savings, it did not have an effect on female-owned enterprise profits or sales even when combined with hard business skills, such as business management, basic profitability concepts, and record-keeping. Both studies, however, show that loans paired with business trainings as well as improved access to mobile savings accounts paired with business trainings had a positive impact on male-owned microenterprise profits or sales. Thus, a successful women's economic empowerment intervention needs more than only access to financial capital and hard business skills."

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"Social enterprises that not only deliver financial but also social and environmental returns for those at the 'bottom of the pyramid' (BOP) and society as a whole are being promoted as an integral solution towards sustainable development and inclusive growth. This study sets out a market assessment on the incubators and impact investors that act as enablers of the social enterprise ecosystem in the India. It doing so it clarifies the services these different organizations provide, their business models and sector wise, geographic and service related gaps, as well as the challenges they face from the individual perspectives of system enablers. It draws on a series of stakeholder consultations including an online survey, and desk research of a sample of 16 social enterprise incubators and 33 impact investors active in the country."

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"The purpose of the information presented in this report is to inventory different organizations in Guatemala that could help build local capacity and catalyze and accelerate SME development and growth. The information includes specific activities, programs and services offered by the different organizations and where possible shows their interconnectivity."

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"The purpose of the information presented in this report is to inventory different organizations in Nicaragua that could help build local capacity and catalyze and accelerate SME development and growth.

The report includes a contextual overview of Nicaragua, which helps to shed light on some of the challenges and opportunities for SME development and poverty alleviation. This information also puts into perspective some of the key sectors that have been the focus of capacity development organizations. The report also includes an overview of key donor activities, as they can often stimulate SME-related activities and also provide a sense of where large interventions in the SME landscape are occurring."

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"In this report we share our views on the best way SF can help to achieve the SDGs by accelerating the growth of such markets. Where can we best deploy capital to maximise long-term value for the people we serve? What is the most cost-efficient way to achieve these charitable goals? How can we partner with like-minded organisations to unlock private capital to fund greater impact?"

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"Many organizations around the world implement programs designed to encourage entrepreneurship, including grant prize awards, accelerator programs, incubators, etc. The goal of these programs is to supply entrepreneurs with early-stage support and visibility to help develop ideas and attract capital; but, if capital markets are efficient, good business ideas should find funding anyways. In this paper, I present evidence from the first global- scale, quasi-experimental study of whether entrepreneurship programs improve outcomes for start-up firms. I employ a regression discontinuity design to test whether winners of start- up program competitions perform better ex-post than losers, where the threshold rank for winning the competition provides exogenous variation in program participation. With 460 competitions across 113 countries and over 20,000 competing firms, I find that winning a competitions increases the probability of firm survival by 64%, the total amount of follow-on financing by $260,000 USD, and total employment by 47%, as well as other web-based metrics of firm success. Impacts are driven by medium-size prize competitions, and are precisely estimated both in countries where the costs of starting a business are low and where these costs are high. These results suggest that capital market frictions indeed prohibit start-up growth in many parts of the world."

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"Most employment in low and middle income countries is in micro-, small and medium-sized enterprises, governments, non-governmental organizations and donors spend on targeted programs and broader policies to enhance employment creation in these firms. But despite these efforts, not much is known about which of these interventions are really effective. This systematic review synthesizes the existing evidence on the employment impact of these programs. The results show that the effects have so far been very modest."

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"Do networks plentiful in ideas provide early stage startups with performance advantages? On the one hand, network positions that provide access to a multitude of ideas are thought to increase team performance. On the other hand, research on network formation argues that such positional advantages should be fleeting as entrepreneurs strategically compete over the most valuable network positions.

Beyond providing causal evidence for the durability of network based performance advantages, these findings provide micro-level support to the importance of knowledge spillovers within bootcamps, accelerators, and startup ecosystems more generally."

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"Does growth training help entrepreneurs to scale-up new ventures? Our field experiment answering this question uses a sample of 181 startup founders from the population of Singapore-based entrepreneurs in 2017. The treatment consisted of classroom sessions conducted in workshop and lecture formats that provided content in growth-catalyst tools comprising of effective business model design, building effective venture management teams and leveraging personal networks, that help in entrepreneurial resource mobilization. Also, participants received individualized business coaching addressing their venture's issues and challenges in these domains. Our results show that entrepreneurs that received training in the three growth-catalyst tools achieved higher sales and employee growth for their ventures. In addition, entrepreneurs with higher educational attainment, higher prior work experience and higher growth goals benefited much more from the training intervention."

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