4YBIN is the local Ethiopian NGO that is the entity to manage the program.
The program’s aim is to create new companies that contribute to local employment for youth and women. The result will also stimulate the economy. The format will be business oriented, which means that no grants will be provided, but that a return-on-investment model will be created for the investors. This ROI can be in multiple formats including in kind ROI.
The main objectives and roles of 4YBIN in Ethiopia are:
- Promotion 4YBIN concept and identifying potential start-ups
- Agreement with selected start-ups
- Participate in local programs from other NGO’s
- Facilitate agreement between investors and start-ups
- Participate in Start-up Management
In the Netherlands the 4YBIN Foundation is founded with the purpose to facilitate the contribution by the NL community via:
- Expert contribution
- Stimulating entrepreneurship
- Selection of business ideas and entrepreneurs
- Validating Business Plans
- Business Incubation
- Specific domain expertise
- Training programs on new technologies and support the commercialization.
- Financial contribution by attracting potential investors; those investors can be private persons, NGO’s and companies where such investment fits with their CSR (Corporate Social Responsibility) strategy or Business Link strategy.
An overview of our projects of which you can find the details in the next pages.
