Swiss Entrepreneurship Program, Phase II
The Swiss Entrepreneurship Program supports entrepreneurs in developing their growth-oriented businesses. They are the key drivers of innovation, economic growth and job creation.
Bosnia and Herzegovina
Innovation is one of the main drivers of long-term sustainable growth in any economy and the only unlimited source of prosperity. Countries all around the world depend on entrepreneurs to develop ideas and turn them into new products and services. Eventually, their businesses create new jobs that are better paid and offer more opportunities to employees. However, entrepreneurs depend on favourable local conditions in order to be successful, commonly referred to as the "entrepreneurial ecosystem" (EE). The EEs in many emerging markets are in early stages and need help to develop into effective support environments.
The development objective of the Swiss Entrepreneurship Program is to create jobs, facilitate tailored access to finance for entrepreneurs and to improve support mechanisms throughout the business growth cycle by strengthening (selected) local EEs in Peru, Vietnam, Serbia, Albania, Bosnia and Herzegovina, North Macedonia and Kosovo.
Startups enjoy easy access to high quality support services from professional organizations, allowing them to grow.
The local EEs provide a condusive environment for growth-oriented businesses to succeed. Furhtermore, they have the potential to produce positive growth effects due to strong economic interlinkages ("economic clusters").
Entrepreneurs have access to tailored financing throughout the entire business growth cycle.
Mutually benefiting links with the Swiss EEs are established.
Provision of peer-to-peer expertise for entrepreneurs and for support organizations (i.e. intermediaries of the local EEs).
Engagement and training of successful businesspeople and members of the diaspora as mentors and/or investors.
Peer-to-peer expertise for support organizations to develop and supply angel investor's networks.
Awareness raising and expert advise on startup financing for traditional financial institutions.
Multi-national networking events for entrepreneurs, mentors and investors.
Connections between the Swiss EEs and the EEs in Peru, Vietnam, Serbia, Albania, Bosnia and Herzegovina, North Macedonia and Kosovo.
Results from previous phases:
From July 2015 to June 2018 the Swiss Entrepreneurship Program contributed to the creation of more than 2?600 new jobs (42% women), not including likely follow-on job effects. Over 1?700 entrepreneurs (24% female) benefitted from tailored support and were able to raise CHF 26 mio. of capital. With regard to the qualitative dimension, the program nurtured trustful relationships and incentivized the sort of collaboration that is key for successful and continuoulsy maturing EEs. Today, more and more startups show sustainable growth and receive private investments. However, as anticipated from the outset and confirmed by a recent mid-term evaluation, EE development is a long-term process that requires time and tenacity. In order to consolidate and sustain the results, SECO decided to extend its support for a second phase of four years.
|Directorate/federal office responsible||
|Budget||Current phase Swiss budget CHF 8’000’000 Swiss disbursement to date CHF 0 Budget inclusive project partner CHF 12’000’000|
|Project phases||Phase 2 01.07.2019 - 30.06.2023 (Current phase) Phase 1 01.10.2014 - 30.06.2019 (Completed)|