SECO Start-up Fund - Administration 2017-24
The SECO Start-up Fund is a debt vehicle that provides loans to Swiss-based individuals or small enterprises for the purpose of launching a business in Swiss partner countries. The SECO Start-up Fund is fully owned by the Swiss Confederation and consitutes an instrument of the Swiss Economic Cooperation and Development programme.
| Country/region | Topic | Period | Budget |
|---|---|---|---|
|
Europe Global |
Private sector and entrepreneurship |
01.01.2017
- 31.12.2024 |
CHF 4'845'000
|
-
Sector according to the OECD Developement Assistance Commitiee categorisation ADMINISTRATIVE COSTS OF DONORS
Sub-Sector according to the OECD Developement Assistance Commitiee categorisation Administrative costs
Project number UR00022
| Background |
In many developing countries and emerging markets access to finance is, among regulatory hurdles and a lack of economic opportunities, a binding constraint to set up a business. The SECO Start-up Fund provides reimbursable loans bearing interest to support the start-up phase of investment projects, thereby sharing risks with the entrepreneur. The SECO Start-up Fund provides debt financing only and seeks to leverage private capital. |
| Objectives |
To support private sector investments with Swiss participation in Switzerland?s priority countries in order to promote economic growth and support sustainable job creation. |
| Medium-term outcomes |
Investment volume by SSF and mobilized private sector investments Increased economic activity by the supported enterprises Support the application of technical standards Support the application of environmental, social and governance standards |
| Results |
Expected results: Number of loan applications examined. Number and volume of loans approved and loans disbursed. Number and volume of loans reimbursed. Results from previous phases: Since inception, SECO Start-up Fund has supported 104 investment projects with a total envelope of CHF 39 million and helped to mobilize an additional CHF 244 million. The share of diaspora investors is relatively high (roughly 30 percent). These investments contributed to create roughly 10?100 jobs, partially in modern areas. |
| Directorate/federal office responsible |
SECO |
| Credit area |
Development cooperation |
| Budget | Current phase Swiss budget CHF 4'845'000 Swiss disbursement to date CHF 0 Budget inclusive project partner CHF 4'845'000 |
| Project phases | Phase 7 01.01.2017 - 31.12.2024 (Current phase) |