names TechnoServe a Strategic Partner in International Development has also awarded TechnoServe a new multi-year grant of $3 million to expand the organization’s private-sector development efforts. The focus of the strategic partnership is to spur the growth of small- and medium-sized enterprises (SMEs), which are vital to ending the cycle of poverty in developing countries. SMEs create the bulk of new ideas and jobs in most developed economies, but they are scarce in other parts of the world, mainly due to a lack of access to business training and capital. ”Small and medium enterprises are a powerful engine of growth, jobs and opportunities,” says manager Rachel Payne. ”We have chosen TechnoServe as a strategic partner because of the organization’s long track record of working with entrepreneurial people to give them the tools, training and access to capital that they need to create viable businesses.”

TechnoServe has launched a nonprofit channel on YouTube that will feature some of the entrepreneurs participating in our business plan competitions, as well as other videos highlighting TechnoServe’s impact in various sectors and countries around the world. The channel launches with seven entrepreneur profiles from TechnoServe’s Believe Begin Become national business plan competition in Tanzania.