Link Up! Financing diaspora entrepreneurship

Contract partner: ICMPD - International Centre for Migration Policy DevelopmentCountry: Entwicklungsländer, unspezifisch Funding amount: € 89.548,00Project start: 01.03.2015End: 31.10.2015

Short Description:

Overall goal

Link Up! is planned as a comprehensive programme to support diaspora entrepreneurs through networking opportunities, capacity building and seed capital.The feasibility study will analyse the existing challenges in Austria to support diaspora entrepreneurs, identify the needs of diaspora entrepreneurs so that they are better able to contribute to their country of origin and assess the gaps that should be addressed for the benefit of diaspora entrepreneurship. The study will assess the potential for establishing a financial instrument and training facility for diaspora entrepreneurs. It will help to identify whether there is a need to build up new instruments at all, or if a “gap” (if at all) can be addressed through existing instruments or an expansion of such instruments. Apart from assessing the feasibility for the set-up of a financial instrument and related business training for diaspora, the study will explore the connection between integration and diaspora engagement for the (economic) development of the countries of origin. Finally, the feasibility study will serve as a basis for the development of a full proposal that will include quantifiable indicators and a strong monitoring and evaluation framework. Regarding the subsequent Link up! project the following outcomes are expected: At least 25 potential diaspora entrepreneurs have been provided with a business plan and start-up training in the first year; this number will increase by at least 20% each year. Up to 10 new diaspora-led small or medium sized businesses are established in the selected countries of origin per year. This could translate to 2-4 new diaspora-led SMEs per country of origin per year.

project number2784-01/2015
source of fundingOEZA
sector Geschäftwesen und andere Leistungen
modalityProject-type interventions
marker Trade: 2
  • Policy marker: are used to identify, assess and facilitate the monitoring of activities in support of policy objectives concerning gender equality, aid to environment, participatory development/good governance, trade development and reproductive, maternal, newborn and child health. Activities targeting the objectives of the Rio Conventions include the identification of biodiversity, climate change mitigation, climate change adaptation, and desertification.
    • 1= policy is a significant objective of the activity
    • 2= policy is the principal objective of the activity
  • Donor/ source of funding: The ADA is not only implementing projects and programmes of the Austrian Development Cooperation , but also projects funded from other sources and donors such as
    • AKF - Foreign Disaster Fund of the Austrian federal government
    • BMLFUW - Federal Ministry for Agriculture, Forestry, Environment and Water
    • EU - Funds of the European Commission
    • Others - various other donors are listed in ADA’s annual business report.
  • Type of Aid – Aid modalities: classifies transfers from the donor to the first recipient of funds such as budget support, core contributions and pooled programmes and funds to CSOs and multilateral organisations, project-type interventions, experts and other technical assistance, scholarships and student costs in donor countries, debt relief, administrative costs and other in-donor expenditures.
  • Purpose/ sector code: classifies the specific area of the recipient’s economic or social structure, funded by a bilateral contribution.
  • Tied/Untied: Untied aid is defined as loans and grants whose proceeds are fully and freely available to finance procurement from all OECD countries and substantially all developing countries. Transactions are considered tied unless the donor has, at the time of the aid offer, clearly specified a range of countries eligible for procurement which meets the tests for “untied” aid.