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Development Account Projects

Support developing country policy makers in the formulation of national entrepreneurship policies through the implementation of Entrepreneurship Policy Frameworks

Background:

The project builds on UNCTAD’s Entrepreneurship Policy Framework.  It identifies key priority areas for policy focus. Given the challenges that aspiring entrepreneurs face while trying to start and grow their businesses, the project identifies specific measures under each policy objectives relevant to create an enabling entrepreneurial ecosystem in the six selected countries.
The main objective of the project outlines the process for policy makers and other stakeholders to design entrepreneurship policies and implement them through action plans. It highlights the key capacity building elements that policy makers in developing countries will need to master when developing their strategies. Stakeholders that need to be engaged during the development of the strategy and their roles in the process are also identified and "movers and shakers" will be trained. Recognizing that the development, implementation and monitoring of entrepreneurship policies need a participatory approach, the project will strengthen and/or establish a coordination body for the development, implementation, evaluation and monitoring of entrepreneurship policies in the six countries. 

An assessment of the entrepreneurial ecosystem entails mapping and measuring its features for the purpose of identifying its opportunities and challenges, with a goal of determining how these elements can be addressed through policy options. Towards this goal, working groups will conduct this mapping, establish priorities for reforms and develop action plans.  According to established priorities by working groups, the project will undertake a review of administrative procedures addressing the key bottlenecks that impede entrepreneurs from starting and growing their businesses, including complex regulatory processes and high business registration costs. UNCTAD's E-regulations systems will be put in place at least in 3 of the participating countries.  At the regional and global levels, the project will provide an e-platform to host the "Entrepreneurship Hub" to include good practices in entrepreneurship policies in the six countries and beyond, and on-line training material developed for the national and regional capacity building.  At the regional level, the preparation of tools on financial literacy and insurance, and the conduction of regional capacity building workshops will examine ways of simplifying credit application and improve available insurance schemes, taking into account small and medium sized enterprises' (SMEs) needs and facilitating formalization.

Objective:

The overall objective of this project is to support policy makers in six selected developing countries to formulate National Entrepreneurship Policies that stimulate economic growth and contribute towards inclusive and sustainable development.

Expected accomplishments:

  • Enhanced capacity of policy makers and other stakeholders (private sector, civil society) in selected countries in Africa and in Latin America and the Caribbean to design entrepreneurship policy;
  • Enhanced capacity of stakeholders to develop and implement entrepreneurship action plans in selected countries in Africa and in Latin America and the Caribbean;

  • Improved awareness and networking increased information and experience sharing among policy makers, private sector and civil society at national, regional and global levels regarding entrepreneurship policy, accounting and insurance for SMEs.

Implementation status:

In progress.