Request for Expres...

Request for Expression of Interest: Lessons from Venture Acceleration in Developing Countries

infoDev is seeking an experienced firm to develop a sound methodology and to implement comprehensive assessment of different venture acceleration programs in select developing countries

This Request for Expression of Interest is for a Firm Selection.

Deadline

June 1st 23 11:59 PM (EST), 2015

Contact Name

Sophia Muradyan

Contact Email

smuradyan@worldbank.org

Contact Phone

 +1 202 473 6888

Background

InfoDev is an integral part of the World Bank Group’s Trade and Competitiveness (T&C) Global Practice. The T&C Global Practice helps client countries develop dynamic and resilient economies, expand market opportunities and enable private enterprise in order to increase productivity, growth, job creation and incomes, and thus contribute to ending extreme poverty and boosting shared prosperity.  In this context, infoDev tests and scales interventions to support growth-oriented entrepreneurs, such as creative venture incubators, accelerators, seed-funding schemes, mentorship programs, learning and analytics, and related approaches.

Within its Digital Entrepreneurship Global Learning and Knowledge Program, infoDev aims to contribute to a new knowledge to inform design and implementation of programs supporting digital sector entrepreneurs for accelerated economic growth, poverty reduction, and shared prosperity.

Acceleration is a relatively new trend in entrepreneurship support, especially in developing countries. Acceleration targets growth-oriented firms and entails an intensive mentoring program, usually accompanied by an early stage investment. The goal of venture acceleration is to reduce the time it takes a firm to enter the growth stage, adapt its strategy according to market conditions, or close operations.

In the past decade, entrepreneurship support programs, especially in the digital (software and hardware) sector, including those focused on the incubation and acceleration of startups, have proliferated throughout the world. In Africa alone, over 100 “tech hubs”[1] now offer services to digital entrepreneurs. A variety of startup support programs are also being offered in Latin America, Asia and Eastern Europe. Although many of these include startup acceleration components, only recently several comprehensive efforts were initiated to collect lessons and determine the effectiveness of such interventions. However, most of them are still strongly focused on developed countries.

Without accessible, comparable data about accelerators and their performance, this new model for supporting startup development is difficult for entrepreneurs, mentors, investors and policy-makers to assess and support. Given that many entrepreneurship support programs are currently funded by public resources, it is especially important to increase our understanding of the impact of particular approaches, such as acceleration.

Assignment Objectives

infoDev is seeking an experienced firm to develop a sound methodology and to implement comprehensive assessment of different venture acceleration programs in select developing countries in order to:

  • Understand the impact of acceleration programs on entrepreneurs’ performance in select developing countries
  • Understand the impact of acceleration programs on entrepreneurship ecosystems in select developing countries.

Scope of Work

The firm will be responsible to:

  • Develop methodologies for (a) mapping and analyzing different models of acceleration programs for entrepreneurs in developing countries, including sector specific models (such as digital, climate technologies, etc.); (b) acceleration programs’ impact assessment on entrepreneurs’ performance and entrepreneurship ecosystem. The methodology should provide for control group. An example of a potentially comparable methodology developed for the study of US-based accelerators is available at: https://www.dropbox.com/s/zseudpd3t4m1gkr/Yu_Sandy_The_Impact_Of_Accelerators.pdf?dl=0
  • Based on the methodologies developed, complete a general assessment of at least 20 existing acceleration programs in selected developing countries in Africa, Easter Europe and Central Asia, and/or East and South Asia.
  • Based on the assessment results,  (a) identify at least 8 acceleration programs suitable for in-depth analysis and impact evaluation; suitability for this purpose will be judged according to data available, years in operation, scale (e.g. number of startup firms and entrepreneurs served), results achieved, etc.; b) evaluate select acceleration programs in terms of their models and impact on entrepreneurs’ performance, including comparative analysis with the control group of entrepreneurs not accepted/participated in acceleration programs.
  • Prepare case studies and conduct a comparative analysis of at least 8 acceleration models, selected for in-depth analysis
  • To the extent possible, describe the effects of select acceleration programs on the entrepreneurship ecosystems in respective countries.
  • Formulate lessons and recommendations for development professionals and larger audience on the feasibility and effective modes of incorporation/utilization of acceleration programs for supporting entrepreneurship and stimulating economic growth as well as specific recommendations for policy makers on whether accelerators should be treated as an intervention in themselves, or part of the package of measures.

The figure below summaries the approach to the assignment.

Methodology

While the successful bidder is expected to develop the appropriate methodology, it is anticipated that the study will combine primary and secondary research, including document review, surveys and expert interviews.

Deliverables

1) An inception report presenting a draft methodology and approach;
2) A final methodology (including data collection instruments) to be used in the primary research;
3) An interim report on the results of mapping and general assessment of at least 20 acceleration programs in selected developing countries and recommendations for in-depth analysis and impact evaluation;
4) An interim report on the results of in-depth analysis of at least 8 select acceleration models, including their models and impact on entrepreneurs performance, as well as comparative analysis with the control group of entrepreneurs not accepted/participated in acceleration programs;
5) Final comparative case studies of select acceleration programs;
6) Detailed, collated data emerging from primary research, for instance in the form of a spreadsheet, on the completion of the report;
7) A draft final report, including an executive summary, lessons and recommendations emerging from the study, including analysis of the effects of acceleration programs on the entrepreneurship ecosystems of respective countries;
8) A final report with an executive summary, detailed description of methodology, presentation and analysis of results and lessons and recommendations for development policy and practice.

The Expressions of Interest submitted by the firm must be LIMITED TO 20 PAGES; EOIs exceeding this will not be reviewed. Successful candidates will be invited to respond to a Request for Proposals, through which further information will be submitted.

SUBMISSION REQUIREMENTS


The World Bank now invites eligible firms to indicate their interest in providing the services sought. Interested firms must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar firms; CV and cover letter for individuals). Please note that the total size of all attachments should be less than 5MB.

Expressions of Interest should be submitted, in English, electronically through World Bank Group eConsultant2 (https://wbgeconsult2.worldbank.org/wbgec/index.html) and search for selection number: 1178693

NOTES

Following this invitation for Expression of Interest, a shortlist of qualified firms will be formally invited to submit proposals.

Qualification Criteria

1. The interested firm should provide information clearly and concisely (max. 20 pages including relevant references) demonstrating that they are qualified in the field of the assignment, particularly as it pertains to:

  • Design and development of methodologies in economics and/or interdisciplinary entrepreneurship research,
  • Demonstrated experience in conducting impact evaluation and preparing case studies,
  • Demonstrated understanding of entrepreneurial ecosystems in developing countries,
  • Knowledge of different models to promote entrepreneurship and support entrepreneurs,  including acceleration.

2. The interested firm should provide information on the technical and managerial capabilities of the firm, particularly regarding management and implementation of activities in emerging markets with international organizations.

3. The interested firm should provide information about the specific qualifications of key staff that will work on this assignment, as related to criteria #1 above, as well as the timeframe within which staff are able to take on the assignment.


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