infoDev is a
World Bank Group
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Gr ...
program that supports high-growth
entrepreneurs
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values t ...
in
developing economies
A developing country is a sovereign state with a lesser developed industrial base and a lower Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreeme ...
. The program is part of the Innovation and Entrepreneurship Unit of the World Bank Group's Trade and Competitiveness Global Practice.
infoDev connects entrepreneurs with knowledge, funding and mentors through a global network of
business incubators
Business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services starting with management training and office space and ending with venture ca ...
. The program has launched Climate Innovation Centers,
Mobile Application Labs (mLabs), and Agribusiness Entrepreneurship Centers in developing countries around the world, including the Caribbean, Ethiopia, Ghana, Kenya, Morocco, South Africa and Vietnam.
Climate Technology Program
The Climate Technology Program helps developing economies identify profitable solutions to
climate change
In common usage, climate change describes global warming—the ongoing increase in global average temperature—and its effects on Earth's climate system. Climate change in a broader sense also includes previous long-term changes to ...
. A 2015 infoDev study, ''Building Competitive Green Industries'', found that $6.4 trillion will be invested in
clean technologies in developing countries over the next decade.
infoDev has launched seven Climate Innovation Centers, which offer
seed financing, policy interventions, network linkages, and technical and business training to entrepreneurs.
In 2015,
Climate Innovation Centers supported 270 clean technology
startups
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend t ...
.
Digital Entrepreneurship Program
The Digital Entrepreneurship Program supports the growth of competitive
mobile application
A mobile application or app is a computer program or software application designed to run on a mobile device such as a phone, tablet, or watch. Mobile applications often stand in contrast to desktop applications which are designed to run on des ...
industries in emerging and frontier markets. The program has established Mobile Application Labs (mLabs)—incubation facilities and innovation hubs for digital entrepreneurs—in Kenya, South Africa and Senegal.
Digital marketing based on four piece's :
1)Product
2)Promotion
3)placement
4)Price
infoDev published a ''Business Analytics Toolkit for Tech Hub Managers'' in 2015.
Agribusiness Entrepreneurship Program
The Agribusiness Entrepreneurship Program supports the growth of competitive agro-processing enterprises by advancing innovation in products, processes and business models. The World Bank Group estimates that Africa’s food market will be worth $1 trillion by 2030.
The program has launched Agribusiness Entrepreneurship Centers in Tanzania and Nepal.
Access to Finance Program
The Access to Finance Program connects entrepreneurs with early-stage capital and networks. The program also publishes research on innovative forms of financing for entrepreneurs in developing economies, including
crowdfunding and
angel investors.
infoDev has published ''Crowdfunding in Emerging Markets: Lessons from East African Startups'' and ''Creating Your Own Angel Investor Group: A Guide for Emerging and Frontier Markets.''
References
External links
* {{Official website, www.infodev.org
Information and communication technologies for development
World Bank
Organizations established in 1996