THE challenge
The region faced high unemployment rates and lacked support structures for budding entrepreneurs.
Consequently, aspiring business owners struggled to navigate the complexities of establishing and sustaining their ventures, leading to a challenging environment where the survival rate for first-time business owners during their inaugural year was significantly low.
Thinkzilla's Solution
We designed and implemented an entrepreneurial ecosystem that provided mentoring, access to capital, and networking opportunities.
Without these essential components, budding entrepreneurs would have faced formidable obstacles in navigating the competitive business landscape, hampering their ability to access crucial guidance from more experienced business owners, financial resources, and valuable connections necessary for success.
Client Impact
Launched over 100 startups in the first year, with 80% surviving the critical first 18 months, significantly reducing unemployment and fostering a culture of innovation.
These figures stand in stark contrast to the traditional startup business survival rates, which often see a much lower percentage of ventures enduring beyond their first year, underscoring the effectiveness of our approach in cultivating sustainable entrepreneurial endeavors.
