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Wednesday, 21 July 2021 09:34

Business incubators in STP Featured

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Following the project Empreende Jovem, the MJDE and the UNDP in partnership with the operator UNITEL-STP and the BGFI-Bank are creating in the country undertakings capable of fostering the entrepreneurial culture and the creation of new opportunities for entrepreneurs.

It is the construction of a network of Incubators (in Sao Tome and Principe) that are being installed in the country as an alternative for the development of new businesses, jobs and income.

A business/enterprise incubator is an institution with the objective of preparing, strengthening and giving support to micro and small enterprises that are in the initial phase so that they survive in the market.

Incubators offer business management services, technical support and complementary training for entrepreneurs by means of a structured physical space with meeting rooms, internet and access to tools and equipment that are offered to new companies. Moreover, it is also done through administrative services such as financial management, marketing, market analysis and legal assistance.

The target public that characterises this initiative is made up of students, scientists, entrepreneurs, companies that wish to develop new projects, products and services based on innovative technology. Incubators constitute a planned space that, among other things, avoids the early failure of businesses and collaborates with their strengthening within the market.

In São Tomé and Príncipe, incubators are not-for-profit and are a tool to help young people connect with other projects and entrepreneurs through technology.


Read 245 times Last modified on Wednesday, 25 August 2021 09:58

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