50H: Laboratorio Emprendedor

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What are the main aims and objectives?

50H: Entrepreneurial Laboratory addresses the seed capital needs of micro-enterprises in their early stage of development. The program supports enterprises testing new ideas and re-focusing their product / services to the market. The program's offerings (seed capital, training, mentorship and connections) are designed to provide entrepreneurs with the right skills and mindset to develop and grow their current or future venture.

How does the program work?

This program seeks to strengthen the ecosystem by providing entrepreneurs with needed support. A central feature is connecting local micro-enterprises with mentors and key local ecosystem actors. Mentoring, training, and networking connections are designed build the capacities of entrepreneurs to grow their business or develop a new venture.

Eligibility

General public: individuals who are at least 18 years old and who lead a startup or micro-enterprise that has been operating for less than 3 years.

Timeline

There is no specific timeline defined for the program. Any local organization may apply to the Ministry to implement the program for entrepreneurs in their territory. If approved, the applicant becomes the lead coordinator of the program and must obtain support from other organizations in their territory.

Monitoring + Evaluation Methods

Entrepreneurs are evaluation at the beginning (baseline) and end of the program to determine impact.

What impact has been measured?

None to date.

What lessons can be learned?

The main challenge is aligning the agendas of public and private organizations to build an effective network that reinforces the local entrepreneurial ecosystem. An advantage of this program is that training is conducted during the weekend.

CURATED BY

Patricia Acosta

Founding Member
Caribbean Associates Startup Academy
Dominican Republic