for market systems approachesVisit the evidence map
A 3-year review of the Business Innovation Facility pilot programme. Forming the basis of two subsequent reports, this is an exhaustive assessment of the project following its launch and aims primarily to map the technical progress of the initiative since its inception. It offers a detailed breakdown of the methodology, funding structure and selection processes that were used.
- The most powerful driver of growth for businesses was increased profitability of the product. This proved more effective than reducing outgoing costs or improving value chain efficiency.
- Feedback from businesses suggested that most had found the BIF intervention useful, but not all agreed that it had made them 'bigger, better, faster'.
- Improvement could be made in the future by providing target businesses with a database of investors and better monitoring technology, in addition to developing a more nuanced process for agriculture specifically.
The overall Business Innovation Facility programme provides hundreds of inclusive businesses with technical assistance and advice or 'consultancy support' through a variety of programmes, including long-term, short-term and knowledge sharing. Though diverse, the core focus of each project is to help a given company to design, test or implement a more robust, sustainable and inclusive business model.
- A strictly quantitative analysis, looking specifically at growth indicators across data obtained from companies targeted by the programme.
- The report includes 3 levels of evaluation: an initial baseline, a progress report and an update report.
The report outlines its audience as anyone interested in inclusive business models. This might be companies, investors, incubators, donors, consultancies, trade bodies, departments or non-profits that support businesses similar to those targeted as part of the BIF pilot's long-term programme.