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Wednesday, 4 June 2014

Orange launches its third incubator partnership on the continent

After the CTIC incubator in Senegal and the Ebène project in Mauritius, Orange announces the opening of the first start-up incubator in Niger. Orange Niger and its local partners have helped to set-up CIPMEN, a smalland medium-sized business (SME) incubator designed to encourage the creation of new and innovative companies in the country.
In sub-Saharan Africa, 85% of SMEs fail within the first two years, but 80% of companies that undergo an incubation process are still operating after five years.

CIPMEN was designed to support small- and medium-sized enterprises from their launch phase until they reach a level of maturity and turn enough profit to fend for themselves in the long term. The purpose of CIPMEN is to help innovative SMEs grow on a market where many companies fail to see the light of day, and to bridge the gap between the informal sector and the larger national and international companies. Niger offers few suitable support mechanisms for upcoming businesses, despite the central role that companies play in creating jobs for young people, helping to form a middle class, and in creating and redistributing wealth.

The incubator will help companies in future-oriented sectors such as Information and Communication Technologies, renewable energy and the environment.

The project, initiated by Orange, is a pilot program which should enable the launch of other regional initiatives in Niger. To find out more: http://www. cipmen.org

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