Network Member
Busy Internet
Ghana
Incubator Overview
| Objectives |
-
Affect policymaking
-
Create jobs
-
Develop profitable enterprises
-
Provide income generating opportunities for disadvantaged populations
-
Raise the awareness of potential entrepreneurs
The infoDev-funded work program is to enable BusyInternet to become a leading business incubator in Africa reducing the failure rate of early-stage companies and speeding up the growth of companies that have the potential to become substantial generators of employment and wealth. Specifically the objectives are the following: - to provide quality services, expertise and information to start-up companies that will help them organize and manage their businesses professionally;
- to build the institutional capacity of BusyInternet as well as that of the incubating companies;
- to provide networking opportunities for access to technological innovations, markets and business incubation associations;
- to expose start-ups to investors and other sources of funding;
- to create a resource database for tenants’ companies to access data on industry best practices;
- to educate both private and public sector leaders about the value of supporting the small business incubation concept and process in order to promote integration of ICT in business for economic development.
|
| Description |
|
| Interests |
In 2008, BusyInternet is embarking on rolling out two new projects- The IFC SME Toolkit and the BID Network. Both projects aim at providing a one-stop information shop for entrepreneurs, building their capacity, providing technical assistance and reducing the risk of failure at the early stages of business growth and development.
BusyInternet will also in 2008 open two branches in Tema and central Accra, expanding our outreach to other parts of the capital.
|
| Services |
-
Facilities: ICT services
-
Facilities: Office space
-
Finance: Linkages to financiers
-
Incubation and Business Development: Business information
-
Incubation and Business Development: Business management and development advisory services
-
Incubation and Business Development: Incubation program for non-resident clients (virtual incubation)
-
Incubation and Business Development: Incubation program for resident clients
-
Incubation and Business Development: Mentoring/coaching
-
Incubation and Business Development: Pre-incubation services
-
Incubation and Business Development: Training in business management
-
Networks and Synergy: Facilitation of linkages between incubates
-
Networks and Synergy: Networking events
-
Networks and Synergy: Referrals to business professionals
Other:
|
| Year Opened |
2001
|
| Type |
Private sector
(This incubator is associated with a technology park)
|
| Model |
For-profit
|
| Sectors |
-
Information and Communication Technologies
Other:
The Service sector in general
|
| Target Population |
|
| Advocacy |
This organization actively works to improve innovation and entrepreneurship policy and regulation
|
Incubator Statistics
| Space |
|
|
Business Incubator |
Technopark |
| Buildings |
1
|
0
|
| sq.m. available in total |
1800
|
0
|
| sq.m used for incubator services/admin |
619
|
0
|
| sq.m. rented by client firms |
288
|
0
|
Note: We do not offer rental space (virtual incubator)
|
| Clients |
| |
Business Incubator |
Technopark |
| |
On-Site |
Off-Site |
|
| Number of client firms |
10
|
0
|
0
|
| Number of employees in client firms |
50
|
0
|
0
|
|
| Graduation |
| |
Last Year |
Total* |
| Number of graduated firms |
3
|
32
|
| Number of employees in graduated firms |
16
|
71
|
| Companies still in operation 3 years after graduation |
13
|
16
|
*since beginning of incubator operation
Note: Does not keep track of the companies graduated
Note: Does do not use a graduation model for our incubator
Note: Is in regular contact with (most of) the graduated firms
|
|