Project Overview

Strenghtening Entrepreneurship and Enterprise Development (SEED) Project

 

Project Description

The objective of USAID’s SEED project is to ensure the Strengthening and Development of Micro, Small and Medium Enterprises (MSMEs) and Entrepreneurship. As part of the Trade and Investment Promotion in Egypt (TIPE) Bilateral Agreement, USAID’s SEED seeks to:

1. Stimulate Entrepreneurship and Innovation
2. Enhance Formalization of Private Enterprises
3. Improve Financial and Non-Financial Services to MSMEs
4. Integrate MSMEs and Entrepreneurs in progressive Value Chains
5. Address enabling environment policy reform initiatives to facilitate MSME development in alignment with the Government of Egypt’s (GOE) commitment and subject to the emergence of champions who will advocate for these reforms 

 

Project Methodology

USAID’s SEED Project provides technical assistance, capacity building and training to Financial and Non-Financial Service Providers in order to support the formation, growth and expansion of Entrepreneurs and Micro, Small, and Medium enterprises (MSMEs) in Egypt. One of the expected results of USAID’s SEED project is to improve availability and accessibility of Entrepreneurship Services to Women Entrepreneurs.

USAID’s SEED has been working in Egypt since November 2015 in collaboration with:

1. Public and Private Sector Partners
2. Incubators, Accelerators, Financial Institutions and other Service Providers

Our goal is to improve the ability to provide services to MSMEs and potential Entrepreneurs such as:

1. Assisting high schools and universities in developing curricula/forums to address and promote entrepreneurship as a viable and attractive career path
2. Connecting Entrepreneurs and MSMEs to these services to support them from the idea inception to the formation followed by the growth of profitable sustainable enterprises

 

Project Results

USAID’s SEED seeks to:

1. Stimulate Entrepreneurship among Women and Youth
2. Improve availability and accessibility of Entrepreneurship Services with a focus on Business Incubators, Accelerators
and Business Development Services
4. Improve availability and accessibility to Financial Products and Services
5. Integrate MSMEs into larger value chains

 

 

Progress Towards Outcome

USAID’s SEED project has managed to stand on solid grounds, since it started by reaching out to Women and Youth in different governorates in Egypt, such as: Cairo, Aswan, Luxor, El Minya, Alexandria, Suhag, Suez, Damietta, Mansoura, Tanta, Giza, Assuit and Qenna.

USAID’s SEED successfully managed to engage Women and Youth in:

1. Entrepreneurial activities such as Startup weekends, Business plan competitions and Networking events
2. Working with incubators on Capacity building and Expansion and with Schools and Universities on Entrepreneurship curriculums and programs
3. Building the capacity of Financial and Non-Financial Intermediary Organizations such as BDS (Business Development Service) providers, MFIs, Banks, NGOs and others to cater to client needs
4. Creating links between MSMEs and the five Value Chains we have selected: Automotive, Dairy, Fishery, Plastic and Ready Made Garments engaging MSMEs from various sectors in Career Fairs and Exhibitions