Strenghtening Entrepreneurship and Enterprise Development (SEED) Project
The overall 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. 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; and (5) address 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.
The 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 the SEED project is to improve availability and accessibility of entrepreneurship services to women entrepreneurs. This event is specifically designed to achieve this result.
USAID’s SEED has been working in Egypt since November 1st 2015, with public and private sector partners, including incubators, accelerators, financial institutions and other service providers; to improve their ability to provide services to MSMEs and potential entrepreneurs such as business plan development and access to finance and technology; Assisting high schools and universities in developing curricula and/or forums to address and promote entrepreneurship as a viable and attractive career path; connecting entrepreneurs and MSMEs to these services that will support them from the inception of an idea to the formation and growth of profitable, sustainable enterprises.
USAID’s SEED seeks to stimulate entrepreneurship among women and youth, improve availability and accessibility of entrepreneurship services, with focus on business incubators and accelerators, improve availability and accessibility of effective and efficient BDS, improve availability and accessibility of financial products and services and integrate MSMEs to larger value chains.
Progress Towards Outcome:
USAID’s SEED project has managed to stand on a very solid ground, since it started by reaching out to women and youth in different governorates in Egypt, such as: Cairo, Aswan, Luxor, Minya, Alexandria, Sohag, Suez, Damietta, Mansoura, Tanta, Giza, Assuit & Qenna. In doing so USAID’s SEED managed to engage women and youth:
- In entrepreneurtial activities such as startup weekends, business plan competitions, networking events, in addition to working with incubators on capacity building and expansion, schools and universities on entrepreneurship curriculums and programs, where we have reached thousands of entrepreneurs in different fields and interests.;
- In building the capacity of financial and non financial intermediary organizations such as BDS providers, MFIs, Banks, NGOs and others to be able to respond to client needs.
- In creating linkages between MSMEs and the five value chains we have selected of fishery, dairy, automotive, plastic and readymade garments, engaging different MSMEs from different sectors in career fairs and exhibitions;