Development of Business Incentives for Young Agribusinesses in Burundi
Within the framework of the TMT “Strengthening the appeal of a bright future in agriculture to youth through entrepreneurship and innovation” in Burundi, Mr. Drs. Andre Dellevoet delivered in French an interesting training module entitled “Development of business incentives and support program to promote entrepreneurship” from 26 till 28 February 2024. The trainees included professionals from the financial sector, government organizations to promote entrepreneurship and young agribusiness companies in Burundi.
Burundi’s youth population represents a significant untapped source of economic growth, but they face challenges such as poor access to land, resources, infrastructure, finance, technology, and knowledge. The project aims to make the agri-food sector more attractive to young people and enhance their capacity to generate income by providing support, guidance, and training in entrepreneurship.
The topics of the training module included:
- Challenges of young agribusinesses in a fragile states context
- The state of innovation and R&D in Burundi
- Available incentives to support innovation
- Protection of intellectual property in Burundi
- The role of innovation in small business development in African agriculture
- Financial support mechanisms
One of the key take-aways was that innovation is not just about adoption of new technologies, i.e. some of the most effective innovations can be about low cost improvements in business processes or products/services. However, in the context of Burundi, one of the poorest countries in the world with a long history of political instability and conflict, the critical innovation is more about adopting an appropriate business model.
Orange Knowledge Programme
This project is part of the Orange Knowledge Programme (OKP) which is funded by the Netherlands’ Ministry of Foreign Affairs and managed by Nuffic. For more information click here.
MSM's Expert Centre on Emerging Economies
This institutional collaboration project is part of MSM's Expert Centre on Emerging Economies. The department is an expert centre on local economic development in emerging and developing markets. We capacitate managers and professionals from government, private sector, NGOs, and post-secondary education in Africa, Asia, Middle East, and Latin America. We offer consultancy and customized training programs, and we manage complex projects in key sectors, e.g. water, agriculture and health. For more information click here.
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