The Impact of Training and Access to Capital for High-Potential Entrepreneurs in Colombia

Small and medium enterprises (SMEs) are thought to be important drivers of growth in developing economies, but entrepreneurs in these countries face many barriers, including poor access to training, finance, and business networks. In Colombia, Fundación Bavaria’s “Destapa Futuro” (Open the Future) program identifies promising enterprises and provides them with a suite of financial, technical, business, and training resources. Researchers found that the trainings did not affect key business outcomes, such as sales and profits, but helped entrepreneurs to expand their business networks.

Policy implications 
Business training might not improve business outcomes, but it has the potential to support entrepreneurship by expanding entrepreneurs' business networks.
Schoar, A., 2015. 'The Impact of Business Training and Capital for High Potential Entrepreneurs in Colombia'. Innovations for Poverty Action - Project Registry.