USAID’s Strengthening Entrepreneurship and Enterprise Development (SEED) Project
USAID’s Strengthening Entrepreneurship and Enterprise Development (SEED) project, implemented by AECOM International Development, is part of the Trade and Investment Promotion in Egypt (TIPE) Bilateral Agreement.
The project focuses on strengthening the development of micro, small and medium enterprises (MSMEs) and entrepreneurship. More specifically, the purpose of the contract is to increase employment and income of MSMEs and entrepreneurs, especially those owned by women and youth, by: (1) stimulating entrepreneurship and innovation; (2) enhancing formalization of private enterprises; (3) improving financial and non-financial services to MSMEs; (4) integrating MSMEs and entrepreneurs in progressive value chains; and (5) addressing enabling environment policy reform initiatives to facilitate MSME development that is aligned to the Government of Egypt’s (GOE) plans and commitment, and subject to the emergence of champions who will advocate for these reforms.
USAID’s SEED Project provides technical assistance, capacity building, and training to BDS and financial services providers in order to support the growth and expansion of MSMEs in Egypt. Stakeholders and counterparts include public sector reform champions, incubators and accelerators, BDS providers, mentors, business associations, investors, bank and non-bank financial institutions, schools and universities, public organizations, MSMEs, and entrepreneurs. SEED will collaborate closely with other development agencies (donors) and USAID contractors to take full advantage of synergistic opportunities in achieving results. Special focus will be given to disadvantaged areas and population groups such as women and youth. Youth is defined for the purpose of this activity as individuals who are between ages of 15 and 29 years old.
USAID’s SEED Project also offers technical support to help business associations and other groups that help establish MSME linkages into value chains and improve the enabling environment for MSME development. SEED will also focus on improving access to essential financing, information, and technology; reducing bureaucratic procedures; creating commercially viable business linkages with MSMEs; addressing policies that impact ease of establishing and running a business; and expanding and Improving public one-stop shops responsible for business registration and licensing. SEED will help entrepreneurship promotion and support organizations develop sustainable solutions for enhancing Egypt’s competitiveness and innovation.