Impact Report 2023 – TAB 1 – Intro

Annual Impact Report 2023

True socio-economic growth is not only about the highest number of businesses succeeding; it is about the sustainable support infrastructures built and the quality of lives that have been improved.

This report communicates a holistic picture of the impact intended and the impact achieved. With this format, we aim to present to you the big picture of our mission: what we have managed to achieve, what we have learned, and what we have in store for our next steps.

All of our work lies within the framework of the Sustainable Development Goals, which is the ultimate “bigger” picture. We are approaching the half-way point to the 2030 deadline, and we all have a collective responsibility to accelerate our efforts and pool our resources towards creating a more equal world that puts people and our planet first.

Impact report 2023

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“We believe in being transparent at every step of the way; sharing our processes, learnings, successes and challenges is vital to not only our growth, but to advocating for change in the field of development cooperation.”

— Matthias Treutwein (Chair of the Executive Board)

Our work in 2023 at a glance

Key Achievements

€319,860 direct financial support
356 people supported
156 companies/organizations supported
480 jobs created or preserved
187 women supported directly and indirectly
757 hours of expert training and dedicated mentoring

Our focus areas

Our projects and programs have focussed on the following objectives:

Equitable education: providing learning opportunities for all
Women’s Empowerment: pushing forward gender equality
Reducing Inequality: increasing access to opportunities
Decent Work: creating diverse, empowering workplaces
Global Partnerships and Access to Resources: removing structural and systemic barriers

Business areas

We work with entrepreneurs and support organizations across all development stages and cluster our activities in three business areas:

Early-Stage Development

Our approach combines financial support, skill-enhancing measures in business management skills, and access to local and international networks with private and public stakeholders. The objective is to promote local early-stage entrepreneurship through the combination of financial support, capacity-building and network development.

Crisis Relief and Resilience

We are dedicated to supporting small and medium-sized enterprises (SMEs) and entrepreneurs in developing countries during times of crisis. Among the main objectives is the safeguarding of economic infrastructures, local and regional value chains, jobs, and livelihoods for those impacted by a crisis.

Growth/Internationalization

We are working to accelerate SMEs and entrepreneurs and strengthen the connection between entrepreneurial ecosystems internationally. The goal is to support the socio-economic development and empowerment of entrepreneurial ecosystems in our partner countries and Germany by promoting international cooperation, learning, and access to funding.

Partners

We are thankful for the support and the trust of partner organizations around the world that enable us to continue to reduce
economic inequalities and remove structural and systemic barriers.