Business incubation needs a re-think
By Allon Raiz, Chief Executive Officer, Raizcorp
Explore this topic further with the launch of the
2017 African Economic Outlook: Entrepreneurship and Industrialisation in Africa.
A little more than 12 years ago I read an article about 981 “entrepreneurs” who had been through a brief new venture creation programme. According to the journalist’s investigation, not one of these would-be entrepreneurs who had been in that programme was in existence a year later. The journalist lamented that despite the obvious evidence that these high volume, low quality programmes were ineffectual, they were nevertheless prolific, wasting hundreds of millions of dollars every year.
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