As part of the VUB Chair of Social Entrepreneurship’s activities, 10 VUB students will travel to Bolivia in the first week of December to work on a project that supports vulnerable entrepreneurs. Under the supervision of Professor Dr. Nikolay Dentchev, a project is currently focusing on the development of an ecosystem to support vulnerable entrepreneurs in Bolivia, one of the poorest countries in South America.
With a total population of around 10 million people (almost the same as Belgium), Bolivia is one of the poorest countries in Latin America and the world. According to the World Bank, almost 40% of the population live in poor and vulnerable conditions. Chances are limited that they can change their living situation. “In such cases, strong entrepreneurship often offers a way out and it is exactly what people in poorer areas have talent for”, according to Abel Diaz Gonzalez and Philippe Eiselein. Both are researchers from the VUB Chair of Social Entrepreneurship and are strongly committed to the organization of the project.
That is why at the end of October they are co-organizing an entrepreneurship fair “Yo Emprendo” in the Bolivian city of Tarija, where 60 entrepreneurs are offered a unique opportunity to show their products and exchange ideas and give/get feedback to improve their chances of success. The 3 best projects receive a seed capital from the local government, a start-up capital of €1000, with which they can make their plans a reality.