About Us

Enterprise Gambia hub helps accelerate and systematize the process of creating successful enterprises by providing them with a comprehensive and integrated range of support, including Enterprise space, business support services, Linkages, and networking opportunities.

Why Choose Us

Experience rooted in knowledge.

About At EG, we are passionate about what we do and committed to our clients’ work. Our experienced business consultants are always keen to guide you across the bridge. We are committed to providing the services that will grow and protect your business. We start and grow together with our clients.

Our Business Model

1.1 Clients can be resident, non-resident or affiliated to the Enterprise Gambia incubator. The services targeted on clients are costly in relation to many other types of business development services (training programmers, advice services) but are justified by supporters as investment in success‖ because the concentrated support services should lead to higher survival and growth rates of incubated businesses.

1.2 A normal objective is that an Enterprise Gambia incubator will become financially sustainable through commercial income, although this is only achieved where the actual income has a realistic chance of covering costs and other objectives are not contradictory. In the case of residential clients, sustainability is often linked to larger undertaking which can ensure consistent commercial rents. It should be noted that Enterprise Gambia incubator with less than 3,000 to 4,000 m2 (about 30,000 ft2) have not been able to become financially sustainable.

1.3 In line with Global practices of success-sharing models, Enterprise Gambia will take an equity stake in its clients, or a royalty on gross sales for a period, or both, can be a good way in pushing for financial sustainability. Internationally, there are cases where Enterprise Gambia incubator staff share in the success of tenant companies by way of success pool performance schemes.

1.4 Prior to Enterprise Gambia admitting a business as a new client there is often a need for a clear pre-incubation programme to support potential entrepreneurs to define their business ideas. Enterprise Gambia incubator commonly provide “hot desking”, that is a short training programme and initial coaching delivered at their premises and often through small pre-incubation at distance where basic services are supplemented by on-line support, all as part of the pre-incubation support programme.

1.5 Following the period of intense incubation support there also needs to be clear exit route for successful businesses, including after-care services that ensure both a smooth transition, support for future growth, such as internationalization, and on-going linkages back to current and new clients of the Enterprise Gambia hub. Where there are well developed local commercial property markets, exit is not normally a problem area, however, in the case of Gambia exit can prove to be problematic and the exit strategy needs to clearly identify how successful enterprises can leave incubation.

1.6 Enterprise Gambia supports clients who are confronting the issue of scaling operations efficiently, by increasingly using the Internet to provide lower-cost services (“virtual incubation”) to a larger client base. This channel holds particular promise in countries where Internet penetration is increasing, and geography is cited as a key barrier to client access to incubation services. However, there is no recognized successful business plan for such Enterprise incubator.

1.7 Drawing from its physiological counterpart, Enterprise Gambia incubator nurtures a business through its “childhood”. Enterprise Gambia incubator do this by offering support services and resources, such as networks, finance, office space and mentor ship to local start-up businesses. Their core objectives in offering these services are usually geared towards job creation, developing entrepreneur-ism, growing a particular industry, retaining business and economic diversification, all within a particular locale or community. Many Enterprise Gambia incubator operate as non-profit entities such as Government groups and economic development agencies. However, there are also Enterprise Gambia incubator that are for-profit which they often achieve by obtaining returns on shareholders investments.
Enterprise Gambia facilitates business creation and assist entrepreneurs until their “graduation,” when they have the capacity to “survive” in the external competitive environment. Enterprise Gambia provide local, on the-spot diagnosis and treatment of business problems in addition to facilitating access to capital, thus dramatically lowering the early stage failure rate and enhance their performance.
Access to basic infrastructure such as office space and equipment at lower than market rental rates is essential, especially for start-ups and technologically driven SMEs. Shared services and experiences for business plan development, marketing, access to financing and international business also drive down the cost of starting and running a business, at both the initial and the growth stages. Enterprise Gambia typically operate with combined incomes of rents, service fees and public grants or subsidies.

1.8 The key success factors of a business and technology include:

(a) Attracting an adequate number of capable clients (e.g. a critical mass of growth-oriented or innovation-led entrepreneurs – it is evident that incubates learn more from each other than from “consultants”).
(b) A thorough screening process to identify those business ideas that have the potential for growth;
(c) Networking with input providers (e.g., research institutions, investors, consultants, accountants and local governments);
(d) Providing comprehensive services with discount rates (government support is needed);
(e) Providing clear policies and procedures for programme milestones and graduation;
(f) Developing and implementing a specific and clear business plan for the Enterprise Gambia incubator itself under professional management; and
(g) Securing financial support from the public and private sectors.