Business incubation needs a re-think

By Allon Raiz, Chief Executive Officer, Raizcorp


Explore this topic further with the upcoming launch of the
2017 African Economic Outlook: Entrepreneurship and Industrialisation in Africa.
Stay tuned for details


Ellon-RaizA 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.

Twelve years ago, incubation as a way to promote entrepreneurship was only beginning to appear in any significant manner in the developing world. Unfortunately, in my opinion, the incubation industry inherited a few philosophical approaches from the training industry that have plagued the industry ever since.
Continue reading

Industrial Policy: Not a bad word

By Annalisa Primi, Senior Economist and Head of the Policy Dialogue Initiative on Global Value Chains, Production Transformation and Development at the OECD Development Centre

Today, economic transformation is a concern in OECD and non-OECD countries alike. The Action Plan for Accelerated Industrial Development in Africa, included inAgenda 2063 or the Africa Union’s vision for the continent’s development, states that:”No country or region in the world has achieved prosperity and a decent socio-economic life for its citizens without the development of a robust industrial sector.” Similarly, the United Nations Economic Commission for Latin America and the Caribbean has long called for diversifying production and promoting innovation to achieve higher equality in the region. Chile, an OECD country, is aiming at raising productivity by promoting the creation of domestic innovative enterprises. The national corporation for industrial development (CORFO) is investing in improving technology transfers, start-ups and social innovation. Continue reading