The incubator may promote the creation of 120 small industrial units per year at a rate of 30 units created per incubation session, each of which lasts 3 months or 12 weeks. The 120 SMEs created per year will eventually generate on average around 3,600 direct jobs and 36,000 to 40,000 indirect jobs.
The incubator center is the making core services available, such as management guidance, technical assistance and enhancing access to backwards and forward linkages, use of common facilities, such as working space, office equipment and production facilities. The proposed incubator is expected to offer an array of services, which may include the following among others:
- Build awareness on the importance of formalization and incubation;
- Facilitate the formalization of MSMEs (registration and development of individual MSMEs business plans);
- Provision of working space for training & production;
- Provision of equipment, machinery and tools for training and production
- Capacity building in the area of skills, productivity, quality and entrepreneurial skills;
- Facilitate MSMEs access to finance;
- Facilitate backwards and forward linkages with the suppliers and markets respectively;
- Build bridges with other stakeholders and service providers;
- Facilitate participation in national, regional and international fairs.
- Availed pool of experts to create a platform of innovation.
The incubator project is to establish a Footwear and Leather Goods Incubation Center in Kinshasa, Democratic Republic of Congo (DRC). Business incubators are programmes designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and managed by incubator management and offered both in the incubator and through its network of contacts. The incubator will be used for nurturing micro enterprises in the transformation process of becoming fully fledged formal business enterprises. This will reduce import dependence, generate employment and contribute to the improved significance of the manufacturing sector to the Gross Domestic Product (GDP) of DRC.
The steps of incubation are:
- Selection of MSMEs
- Managerial and technical training phase
- Entrepreneurial Capacity Building Phase (post-training coaching)
- Marketing consulting (market access)
- Funding assistance (access to credit and business plan)
- Congolese Small and Medium Enterprises Promotion Agency
- The Central Coordination Office
The fixed-term program of 3 years (2017 to 2019)
This program is in the step of ordering training and production equipment for the launch of incubation activities.
This project is implementing in partnership with the Common Market for Eastern and Southern Africa (COMESA). Our challenge is to now make additional funds available to acquire other essential equipment not acquired via the COMESA Fund, to improve the quality of leather products in DR CONGO.
The Minister of SMEs of the Democratic Republic of Congo (DRC).