All over the world entrepreneurship is vital for the development of the economy. The MSME type of companies are the drivers of the economy, innovation, employment and tax income for the (local) government. Innovation also addresses a substantial number of SDG’s.
4YBIN’s purpose is to stimulate entrepreneurship, validate business ideas and the team behind the idea, training and guidance to create a company for the business idea and provide seed funding to bring the product or service to market.
The funding will be in a unique format whereby we find an investor, preferable in the same domain as the product or service and create a 1 to 1 relationship between the investor and the entrepreneur so that the entrepreneur can benefit also from the expertise, experience and network from the investor.
In the current situation of Tigray, whereby the economy is still in recovery mode and the eco system necessary for entrepreneurship development is not yet present, we will work in a model whereby we help the entrepreneur with start-up capital, training and guidance to bring the new company in a sustainable situation.
| Project | 4YFAPE – For Youth Farmer Aspiration Program through Entrepreneurship |
| Partners | Ethiopian Catholic Church, Wukro St. Mary’s College Tigray Region Bureau of Agriculture and Natural Resource, Directorate of Crop Production and Soil Fertility |
| Donor | Multiple individuals from The Netherlands |
| Period | 12 months, starting October 2023 |
| Location(s) | Tsirea womberta, Tabia Mesanu in Tigray region of Ethiopia |
| Objective | Specific objectives Development of entrepreneurship among rural youth and women Rehabilitation of agriculture and food security in rural areas The aim of the project is to give young people and women the support to become farmer. A minimum of 50% will be women and also a minimum of 50% of the total group will be younger than 30 years. The needed land is available from family and/or the community. The teaching and guidance will be done by a local TVET and field workers. As 4YBIN we want to stimulate and facilitate entrepreneurship so that the supported young people and women can build on their own means of income and make them less dependent of donor money in their future. Activities to undertake The first phase of the project consists of carrying out a pilot project starting in 2023 which has as its purpose: • Proof of concept for a sustainable business model. • Introduce the concept of “Farming is a business”. • Production and usage of organic fertilizer (compost) resulting in a higher yield compared to chemical fertilizer and addressing the shortage of chemical fertilizer. • Usage of organic repellents or insecticides to replace chemicals and pesticides currently used • Implementation of a plant schedule with multiple (3) harvests per year. • Increase productivity. |