17 January 2007
In search of success, entrepreneurs in developing countries from Brazil to Vietnam are turning to ICT-enabled business incubators. The World Bank website currently features stories and videos from infoDev's Business Incubator Initiative.
In Brazil, mothers who were unable to work regular hours because their children had cancer and required special care turned their culinary skills into a catering venture, but struggled to return a profit. In Vietnam, young programmers were frustrated with past failures to commercialize their hospital administration software. And in Ghana, four university graduates with a passion for children’s education and animation started a business, but immediately encountered roadblocks ranging from finding affordable office space to weekly power outages.
infoDev supports a growing network of more than 60 business incubators in over 40 developing countries and undertakes research on incubators as tools for private sector development. More information about infoDev's Incubator Initiative along with video case studies of incubators in Brazil, Ghana, India and Vietnam are available at: www.infodev.org/businessincubation