International Development Grant
Sustainable Entrepreneurship Development
Project Number: CA-3-S065495001
Status: Closed
Country/Region:
Maximum Contribution: $612,932.00
Start Date: July 19, 2012
End Date: September 25, 2015
Duration: 3.2 years
Project Description
The project promotes the integration of young entrepreneurs and women entrepreneurs into the formal economy through on-going coaching to help them create and develop micro small and medium-size businesses in the Caldas Risaralda and Quindío regions of Colombia. The main objectives are: to strengthen the capacity of the local partner and its associates to optimize the intervention model they use to help entrepreneurs; to recruit and train 60 advisors that specialize in business advice and monitoring; to build an interactive regional training platform for business start-up and development; and finally to train advise and provide on-going support for the entrepreneurs who participate in the project. To accomplish these objectives the Service d'aide aux jeunes entreprises du Montréal Centre provides local organizations with an advisory approach that has been developed over the past 15 years and adapted to address the development issues faced by micro-entrepreneurs in developing countries.
Expected Results
The expected intermediate outcomes for this project include: that INCUBAR Centre and its local partners adopt an approach adapted for various entrepreneurs in the regions of Caldas Risaralda and Quindío for training counselling mentoring and monitoring entrepreneurs; sustainable integration of this concept for training counselling mentoring and monitoring entrepreneurs by INCUBAR Centre and its partners will facilitate the creation of spin-offs through regional and national entrepreneurial development actors; target entrepreneurs (women entrepreneurs young promoters) increase use of counselling mentoring specialized training and monitoring services towards an opportunity entrepreneurship well thought out and innovative versus an entrepreneurship by necessity (out of spite); increased adoption of a structuring and structured approach by entrepreneurs for the creation and the development of profitable sustainable businesses systematically integrating a green plan in the regions of Caldas Risaralda et Quindío.
Progress & Results Achieved
• The participation of 32 men and 30 women in 20 training workshops about designing managing creating developing and monitoring micro small and medium businesses (MSMEs); • The three local partners the Incubar Centre of the Risaralda region the Incubar Centre of the Caldas region and the entrepreneurial unit (UEDEN) of the Quindío region have a training and organizational model to support start-ups development and monitoring of MSMEs inspired from the SAJE Montréal Centre model. Other local business support organizations now also benefit from the training consultancy model introduced through the project including a lending organisation a Centre for entrepreneurial innovation and a Graduate School in business and marketing; • Potential entrepreneurial candidates 62 trained candidates and the three local partners received 80 new management consulting supports and tools; • The three local partners are on the way to be endowed with an intelligent Internet platform dedicated to the learning processes in business creation and development and have benefitted from a training on its features; • Business awareness and opportunities as well as knowledge about the advantages of launching innovative projects were shared with 546 young potential entrepreneurs of the Quindío Risaralda and Caldas regions; • In the three regions targeted by the project 468 entrepreneurs benefitted from training consultancy services to develop their business projects; • Training and advisory and mentoring services were provided to 312 entrepreneurs (including 130 women) for the realization of their business projects. Although all have completed a sustainable and structured business project at the end of the project 60% of these entrepreneurs were ready to submit a business and financial plan to potential lending organizations (banks financial institutions foundations associations public organizations etc). All of these business projects integrated a green plan; • 209 entreprene
Key Information
Executing Agency:
Service d'aide aux jeunes entreprises (SAJE) du Montréal Centre
Reporting Organization:
Global Affairs Canada
Program:
YFMInternaAssistPartnershp&Programing Br
Last Modified:
September 19, 2025
Development Classifications
DAC Sector:
Aid Type: Project-type interventions
Collaboration: Bilateral
Finance Type: Aid grant excluding debt reorganisation
Selection Mechanism:
Pre-APP