What is CER?
Corporate Entrepreneurship Responsibility (CER) is a collaborative movement with a singular mission: to lobby, mobilize and organize private sector efforts in building region-wide entrepreneurial ecosystems.
Why support entrepreneurial ecosystems?
Unemployment, especially among youth, is the single most critical economic challenge facing the Arab world today, and micro, small and medium size enterprises (SMEs) and startups are vital for combating joblessness.
In the Middle East and North Africa (MENA), SMEs account for 30 percent of private sector employment, according to the World Bank, even before taking the informal economy into account.
Microenterprises are especially critical in this equation. The proportion of SMEs to total enterprises is less than four percent in Egypt, Morocco, Lebanon and Yemen, yet for micro, small and medium enterprises together this percentage rises to between 86 and 97 percent in these same countries.
Ultimately, entrepreneurship is one of the most effective tools we have for combatting unemployment and helping to address one of the Arab world's most elusive developmental goals: to craft and sustain a decent life through decent jobs for citizens.
What does CER focus on?
- Access to Capital
- Access to Knowledge - Mentorship
- Access to Networks
- Building National Databases: Mapping and Indexing Entrepreneurship Ecosystem per city
- Doing business with entrepreneurs
- Building startup communities and spaces
The private sector possesses the skills, the resources, the knowledge, the capital and the networks to support entrepreneurs. Public-private partnerships, led by the private sector and enabled by the government, have also proven a viable and sustainable model for transfering skills and knowledge to youth.
What is the goal of CER?
Companies, individuals and organizations will come together to form local CER Chapters to address these central challenges to entrepreneurs, designing solutions that leverage their mentorship, guidance, capital, knowledge, experience and networks, and motivate local stakeholders while scaling up existing support mechanisms.
How can I join?
Any individual, company or organization can set up a local chapter in order to champion Corporate Entrepreneurship Responsibility. The local chapter’s responsibilities will be to mobilize the private sector in addressing the gaps in the entrepreneurial ecosystem and help create an enabling environment for entrepreneurial communities.
Each local chapter will decide on their own initiatives based on local priorities and needs. Wamda will serve as a platform to facilitate and report on the various CER initiatives across the region. Wamda will also facilitate workshops and events for local and regional chapters.
To learn more about the specifics of the CER plan, download this pdf. To get involved in setting up a local chapter, sign up here on Wamda and contact us at email@example.com.