Our projects around the world
Context
The dynamics of economic development in Madagascar remain uneven, with vast swathes of the country isolated, poor access to electricity and infrastructure, and inadequate connectivity. Informality and underemployment are holding back the potential for job creation. In 2020, fewer than one in twelve new entrants to the labour market were able to find a formal job in the private sector, and the population active in the informal sector generally occupies low-skilled, low-paid jobs.
However, Madagascar manages to rank 7th among the least developed countries in terms of the proportion of its working population engaged in entrepreneurship. Entrepreneurship is increasingly seen, both by public authorities and by entrepreneurs themselves, as a source of growth, employment and income.
Goals
An integral part of the European Union’s IncuBoost programme, the SEEED project promotes the development of entrepreneurship as a vector for decent employment in Madagascar. Its specific aim is to better structure and strengthen the incubation and entrepreneurship support ecosystem in order to offer accessible, high-quality and sustainable support services to Malagasy entrepreneurs. To this end, the SEEED project activities will contribute to achieving the following three results:
- Actors in the ecosystem are better known and recognised.
- They are strengthened structurally and in their service offerings.
- They receive technical and financial support to ensure their sustainability.
Beneficiaries
The project targets 20 entrepreneurship support structures (incubators, training centres, chambers of commerce and industry, universities, associations) that can provide pre-incubation, coaching, training, incubation, consultancy and acceleration services for project leaders, mainly young people, women, people with disabilities and people living in rural areas.
