Team Europe Iniciative project focused on supporting entrepreneurial ecosystem development - SlovakAid

Team Europe Iniciative project focused on supporting entrepreneurial ecosystem development

About the project

The Slovak Agency for International Development Cooperation, together with partner agencies - Expertise France (France), GiZ (Germany), Enabel (Belgium) and SNV (Netherlands), implements the EU delegated cooperation project: Team Europe Initiative "Investing in Young Businesses in Africa" - Supporting Entrepreneurial Ecosystem Development (TEI IYBA-SEED).

The project is part of the European Commission's long-term global development strategy The Global Gateway and represents the second EU delegated cooperation project for SAIDC. It was officially launched on January 5, 2023.

Objectives

The implementation of the project is primarily focused on helping to increase the overall quality, attractiveness and accessibility of enterpreneurial ecosystem in the countries of sub-Saharan Africa.

Its final beneficiaries shall mainly be pre-seed and seed entrepreneurs within the age group of 18 to 35 years (women entrepreneurs of any age category). "As in the case of St. Philip Neri School, which was established thanks to the presence of SlovakAid in Kenya, this project will also place great emphasis on the involvement of women," Ambassador of the Slovak Republic in Nairobi Katarína Žuffa Leligdonová.

EU partners

Enabel – Belgian Development Agency
Expertise France - French agency for international projects
SNV - Dutch Development Organization
GIZ - German Society for International Cooperation

Duration and budget

Project duration: 47 months, from January 1, 2023 to November 30, 2026
Focus countries: South Africa, Kenya, Benin, Togo and Senegal

Implementation funds:

  • EUR 22,850,000 - contractually agreed amount
  • EUR 1 403 150 - the amount operated by SAIDC
  • 200 000 EUR -  Slovakia´s co-financing

Project documentation: HERE