Professional Documents
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Belgacem Algerian Startup Initiative
Belgacem Algerian Startup Initiative
LOCAL CHAMPIONS
In Algeria
Support from around the world
Algerian Start up Initiative
First initiative of a kind in Algeria
Create an ecosystem for start ups to grow
Mentoring the companies until reach
maturity
Education on how to create a viable
business plan
Initiative
Open to receive any business plan from across the country
Target fields : telecom, web, mobile, services, green tech,
At least one person in the business plan team resides in
Algeria
3 business plans would be selected
Free equipped offices where to operate for a fix time
Free software and support from Microsoft
$15,000 donation per team to get them started
Continuous support and mentoring of the Algerian Startup
Initiative Team
Chronology of events
Kick start conference in Algiers in October 2009
Web site www.algerianstartupinitiative.com
Business plan models
“How to” links and information
Respond to 15 emails daily
Business plan boot camp
Business plan education
Videoconferencing: Skype, Webex, etc…
Contacted 12 universities and institutes covering the entire
country
Numerous contacts with meetings with local champions
Business Plan Boot Camp
Outcome of the 2010 initiative
Received 143 business plans
Some 20 solid business plans
Covering
Telecom, web, software, mobile, e-government, services, healthcare,
banking, green technologies, etc…
65% new entrepreneurs, 35% existing entities
Mixed teams mostly from Algeria, France, Canada and USA
Selection
Team selected 3 business plans
Telecom , healthcare, and web
Leaders of 2 of 3 business plans are women
Closing of 2010 business plan in May 2010
Clock starts ticking for 2011 initiative
Conclusion
Found great will and enthusiasm among young
entrepreneurs
Gave hope to a lot of young people
Found no shortage of local champions
Funding seems to be the biggest obstacle
A lot need to be done to create an ecosystem for
startup to flourish
Expect 2011 initiative to be even bigger as 2010 bears
fruit