Please use this form to submit your study for inclusion into our database. It will be checked by a member of the Innovation Growth Lab team, who may be in contact to ask for more information. Your email address * Your name * Title * The name of the study Short summary This experiment in Colombia will test the impact of a business training programme. Results forthcoming. A brief description of the project's goals and its current state Abstract <p>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 access to business training, finance, and business networks. In Bogotá, Columbia, 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. In this round of the program, Fundacion Bavaria and its partners competitively selected 1,000 entrepreneurs for a month-long virtual training which culminated in a business plan competition. Based on their business plans, 454 entrepreneurs were chosen to participate in an evaluation. Half were randomly selected to receive additional classroom training, and will be compared to those that didn’t. Researchers will measure the impact of the program on SME profits, sales, and business creation rates.</p> The full abstract of the study, if available Links https://www.povertyactionlab.org/evaluation/impact-enhanced-business-training-high-potential-entrepreneurs-colombia Links to any published papers and related discussions Authors * Affiliations Academic and other institutes that the authors of the study are members of Delivery partner Organisations involved in delivering the trial, if appropriate Year Year Year199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026 Month MonthJanFebMarAprMayJunJulAugSepOctNovDec Day Day12345678910111213141516171819202122232425262728293031 Journal Journal publishing the study, if available Publication stage * Working Paper Published Ongoing Research Forthcoming Discussion Paper Research theme * Entrepreneurship Innovation Business Growth Country Country or countries where this study took place. Topics What sort of topics does the study cover? Sample attributes Hypotheses / research question Sample Trial population and sample selection Entrepreneurs were asked to fill in and submit online applications to take part in the Destapa Futuro programme. Out of the 5,000 applications, a group of approximately 1,000 entrepreneurs who passed Bavaria’s initial selection process received initial virtual training. After the training business plans were submitted to the Ventures team for evaluation. 73 entrepreneurs were selected to receive in-person programme - their training wasn't randomly assigned so it was not part of the programme. Of remaining submissions about half were randomly assigned to take part in treatment. Number of treatment groups Size of treatment groups 227 individuals Size of control group Unit of analysis Clustered? Yes No Cluster details Trial attributes Treatment description Further in-class training lasting 2-3 days which covered the same topics as the virtual training (strategy, marketing, financial, and legal strategies) but at a greater level of detail. The participants also received mentorship. Rounds of data collection Baseline data collection and method Not available. Data collection method and data collected Evaluation Outcome variables <p>SME Profits, SME sales, business creation.</p> Results <p>Not yet available.</p> Intervention costs Not available. Cost benefit ratio Reference Schoar, A., 2015. 'The Impact of Enhanced Business Training for High-Potential Entrepreneurs in Colombia'. Innovations for Poverty Action - Project Registry. Citation for use in academic references
