BIC Ethiopia

BIC Ethiopia (Business Incubation) addresses several bottlenecks in the Ethiopian incubation eco-system: We target the lack of sustainable and technically sound business models of exciting incubators through regional benchmarking, best practice examples, new revenue models, standardised curricula, and professionalised operations. The capacity of incubation hub staff will be strengthened by adequate and practical skills, operational and organisational management programmes and follow-up support. The project collaborates with private financing institutions like banks and equity investors to facilitate out-of-the-box thinking to create new financial access opportunities for MSMEs. 

The overall objective of BIC Ethiopia is to capacitate business incubators in supporting agri-tech and agri-business start-ups and MSMEs to improve market access, generate higher income and create jobs. The action has two specific objectives. (1) To enable existing and new incubators supporting high potential start-ups with an innovative business model addressing market needs and potentials in terms of job creation and income generation. (2) To enhance business incubators’ ability to unlock the potential of agri-tech and agri-business by delivering necessary tools to enable business growth along different stages of maturity.