https://www.thefinancialexpress.com.bd/views/views/exploring-prospect-of-startups-in-developing-countries-1565364774

https://www.unido.org/news/challenge-preparing-developing-countries-industry-40

https://www.tandfonline.com/doi/abs/10.1080/08985620701631498?journalCode=tepn20

Thank you Jeffrey W. Alstete It seems the Topic is of great interest in India. I have not yet come across serious discussion on startups in Sub Saharan Africa especially on the issue of seed fund. I believe the three challenges in the questions description need a closer look

dear Samwel,

Thanks for your question, we have worked on this topic as well, but then in the context of entrepreneurship at the base of the pyramid in Africa. The model we develop based on cases of entrepreneurship in Benin might also inspire you. Would be great to continue this discussion

Vincent Blok Thank you very much. One of our Colleague is working on Entrepreneurial Ecosystems i.e. Jonathan Mukiza P. Kansheba . This will be of great help to all of us.

Thanks for your question,The strategy that can promote start up growth in a developing countries are among others:

1.Penetration strategy

2.Market development strategy

3.Product development strategy

4.Diversification strategy.

Feel free to contact me if you need more elaborations on any of this strategy

Josiah ENOJO Omede thank you very much. I find the list exhaustive. The questions however target empirics on those approaches if any in Sub Saharan Africa. If you have, simply list the references and I will consult them.

Thanks

https://www.rocketspace.com/tech-startups/6-key-steps-to-a-startup-growth-strategy-that-actually-works

https://www.google.com/amp/s/www.entrepreneur.com/amphtml/320632

Thank you Dr-Nusrat Hafiz

Samwel Alananga Sanga , I work with startups in India. Recent changes in startup hubs and ecosystem from government has been a great help in improving success. Programmes such as "Start up India" and incubators have played a role in allowing entrepreneurs in focussing on the actual development. Further exemption on tax and reduction of red tape in early years of a company also helps.

I have a question: May I know the reference for your statement of 'almost 70 percent'? I have come across many such statements and am looking for some references in this context.

Thank you Venkatanatha Sarma Yerragudi . There is no direct reference with exactly that statement but you have to aggregate from different sources and build your own opinion. You might wish to check the following;

For developed countries see;

https://www.nexea.co/startup-survival-rate-success-failure-statistics/ where it is written:

• 20% of startups fail within the first year
• over 50% of startups fail after 5 years
• over 70% of startups fail after 10 years (This is US what about Africa??)

https://www.freshbooks.com/hub/startup/what-percentage-of-businesses-fail-first-year (Sectorwise is more convincing)

For developing countries

https://vc4a.com/blog/2012/05/24/investor-profile-on-grofin-why-30-of-smes-survive-their-first-three-years-of-operation/ for Tanzania

https://www.intracen.org/uploadedFiles/intracenorg/Content/Publications/Tech%20hubs%20Africa_final_Low-res.pdf

https://cdn.ymaws.com/www.andeglobal.org/resource/resmgr/research_library/UEEI_Report_November_2018_Fi.pdf for Uganda

Samwel Alananga Sanga , Thank you very much! These links are very helpful...

Excellent thoughts Samwel Alananga Sanga . Also having a good incubation and mentoring ecosystem helps immensely in healthy growth of startups.

Our paper on indigenous crowd funding as a strategy to increase startups for developing countries could be of assistance to you. Here you are:

https://www.researchgate.net/publication/333480784_Towards_an_indigenous_crowdfunding_framework_A_new_guide_for_entrepreneurship_funding_in_developing_countries

A good idea Dickson Adom it is time to test your framework with empirics

That will be great Sanga. I wish you the very best

In developing countries, the development of startups should be supported by an optimal fiscal system and the development of investment funds investing in innovative projects developed by startups.

Best regards,

Dariusz Prokopowicz