In the field of Entrepreneurship, REG works to: improve access to finance for entrepreneurs through non-banking sources, such as VC and Angel; address specific technical needs of women entrepreneurs in the region, both start-ups and managers in mature businesses; and develop capacity of service providers to support youth entrepreneurship and build linkages to international networks.
To achieve those ends, REG works to connect entrepreneurs with possible funding sources through different activities (angel, seed, growth, VC funds) and seeks to build capacity of entities that can organize this collaboration in the future by building a regional angel investment community. REG also tries to strengthen the capacity of entrepreneurs by fostering competition between start-ups, leading all participants to hone their business skills, and connecting the most promising business ideas with possible financing. In the above activities, REG provides specific training and assistance to women and youth to build their technical skills.
REG seeks to develop the eco-system of incubators and innovation centers to establish sustainable service delivery mechanisms and link these entities to share best practices and build capacity on a regional basis. Examples of training topics/services REG provides include: business related law and regulations, structuring a business, innovative products, market positioning, production planning, business strategy, managing finances, business growth and expansion, etc.
Current and Recent Work: REG has begun implementing a series of #FTW community events throughout the region. Two such events have been held thus far, with more planned in the coming year.
Women in Business
REG is working to increase the participation of women in business at all levels. The project simultaneously targets established companies and start-ups by implementing technical and practical trainings that enhance the capacity of participating business women. For women managers of mature businesses, the trainings offered include: planning for business growth and expansion, managing human capital effectively, market analysis and positioning, networking skills, pricing, etc. For women start-up, these trainings include: business related law and regulations, structuring a business, innovative products, market positioning, production planning, business strategy, managing finances, etc.
Current and Recent Work: REG is starting a pilot project implemented by CEED to support Women in Business in Albania
REG is working to develop a regional job creation initiative based on best practices of USAID projects in the region, such as youth employment initiatives and/or internship programs that work with business communities seeking qualified personnel. Right now, REG is developing the regional job creation initiative, which will primarily focus on youth, women, and persons with disability, for eventual implementation in year two of the project.
Current and Recent Work: REG is conducting a skills gap analysis in the Balkans to provide recommendations for future programming.