News

Transforming the agricultural landscape through entrepreneurship and innovation

18-04-2024

Within the framework of the TMT “Strengthening the appeal of a bright future in agriculture to youth through entrepreneurship and innovation” in Burundi, Mr Alain Nkurikiye, associate consultant at MSM delivered an interesting training module entitled Empowering Business Leaders of Tomorrow from 11 till 13 March.

This ground-breaking training initiative marked a significant milestone in the journey towards revitalizing the agricultural sector by infusing it with the spirit of entrepreneurship and innovation. Sponsored by NUFFIC, this program is a beacon of hope, illustrating a bright future in agriculture for the youth. Under the guidance of Mr Alain Nkurikiye, the three-day workshop aimed at equipping Entrepreneurship Support Organizations (ESOs) with the tools they need to foster a culture of innovation and sustainable growth.

During those three days, the participants engaged in a comprehensive curriculum covering a wide spectrum of topics crucial for the success of ESOs and their clients. The program addressed critical areas such as the formulation of mission and vision statements, the exploration of incubator models, innovative financing strategies, and the implementation of mentoring programs.

Key sessions included:

  • Mission and Vision of an Incubator: Crafting a guiding north star for incubation initiatives.
  • Types and Financing of Incubators: A comparative analysis of incubator models and their sustainability.
  • Managing an Incubator: Operational excellence in incubator management.
  • Mentoring Program Implementation: Structuring effective mentorship to nurture startup growth.
  • Deal Structuring and Financing: Creative financial solutions for incubator clients.
  • Technology Commercialization: Leveraging incubation to bring innovations to market.
  • Virtual Incubation Services: Expanding the reach and impact of incubators through digital platforms.
  • Startup Financing: Insights into securing funding for early-stage ventures.
  • New Financial Product Development: Innovating financial products to support entrepreneurial endeavours.

As we reflect on the success of this initiative, we are reminded of the immense potential that lies within our youth to transform the agricultural landscape through entrepreneurship and innovation. This workshop not only provided ESOs with the knowledge and skills to support this transformation but also reinforced the importance of agriculture as a viable and attractive career path for the next generation.

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.‚Äč 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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