50H: Laboratorio Emprendedor

CONTEXT:

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.

SUPPORT MECHANISM:

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.

IMPLEMENTING AGENCIES:

Lead Coordinator - Ministry of Industry, Commerce & MSMEs (public sector)

Local Chambers of Commerce & Production

Universities

City Council

Local Government Agencies

Local NGOs

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.

RESULTS:

None to date.

CHALLENGES + LESSONS TO DATE:

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.

KEY ADVISOR(S) OR LEADER(S):

Ministry of Industry, Commerce & MSMEs

  • Jose M. Checo, Entrepreneurship Director
  • Rubi R. Breton, Head of Innovative Businesses
  • Alan Fernandez, Head of Entrepreneurial Mindset Development
  • Patricia Acosta, Head of Entrepreneurial Ecosystem

CURATED BY

Red Nacional De Emprendimiento de la República Dominicana, Ministry of Industry & Commerce of the Dominican Republic
Dominican Republic
Red Nacional De Emprendimiento de la República Dominicana, Ministry of Industry & Commerce of the Dominican Republic
Dominican Republic
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