-
Sowing the Seeds of Green Entrepreneurship: Startup Bootcamps and Pitching Competitions
April 27, 2015 Editor 0
Heading back from a recent mission to Ghana, I felt really proud of what we have accomplished: training 20 of the most promising local clean-tech entrepreneurs through the Green Innovators Bootcamp. The words used to inaugurate the event are still in my head: “This bootcamp is not an end in itself. It’s the beginning of your journey as entrepreneurs.”
Indeed, bootcamps for startups and SMEs – as well as close cousins like Hackathons, Start-up Weekends, and Business Plan Competitions – are an increasingly popular activity used to catalyze innovative ideas and provide entrepreneurs with the tools and resources they need to launch their ventures.
In Ghana for example, infoDev — a global innovation and entrepreneurship program in the World Bank Group — organized a two-day training event to help a group of 20 early-stage entrepreneurs assess the feasibility of their business concept, identify their customer base, and refine their business model.
Organizing a bootcamp can be very challenging and time-consuming, but, when done properly – read “7 things you need to do to prepare for the perfect bootcamp” – the payoff is big. “Bootcampers” find these initiatives very useful to identify new solutions to the challenges they face to launch their businesses — mostly access to finance, product development, and marketing. Furthermore, “pitching competitions” and “business contests” offer new entrepreneurs an excellent and safe stage to refine their business pitch — a key tool of every successful entrepreneur.
One of the goals of bootcamps and pitching competitions is to bring together different stakeholders – from entrepreneurs to investors and policymakers – to facilitate the creation of ecosystems in which entrepreneurs can grow and thrive. But is it realistic to expect that bootcamps and similar training initiatives are enough to enable promising entrepreneurs to reach their full potential? The answer is simply: No. Make no mistake: Bootcamps are an exciting tool to create buzz and interest in countries that have little entrepreneurial history and culture. In most contexts, however, there is no follow-through with effective action plans that can keep the momentum going. This not only limits the value of these initiatives, but can also cause harm to a nascent ecosystem.Related Posts
Solving human problems
Provider acceptability of Sayana® Press: results from community health workers and clinic-based providers in Uganda and Senegal.
Entrepreneurs’ network evolution – the relevance of cognitive social capital
Moving Towards the Digital, Omnipresent, Transparent and Profitable Banks of Tomorrow
Africa: Microsoft Introduces the 4afrika Scholarship Program
Customer Integration in B2B Open Innovation
Categories: World Bank PSD
Innovation in the SME and Entrepreneurial Context It’s Heating Up: Industry Needs Climate-Friendly Policies to Keep Cool and Competitive
Subscribe to our stories
Recent Posts
- SL Crowd Green Solutions September 21, 2020
- Digital transformation in the banking sector: surveys exploration and analytics August 3, 2020
- Why Let Others Disrupt You? Take the Smart Self-Disruption Journey! August 3, 2020
- 5 Tips for Crowdfunding During the Pandemic August 3, 2020
- innovation + africa; +639 new citations August 3, 2020
Categories
Archives
Popular Post-All time
- A review on biomass-based... 0.9k views
- Can blockchain disrupt ge... 682 views
- Prize-winning projects pr... 678 views
- Apply Now: $500,000 for Y... 605 views
- Test Your Value Propositi... 533 views