STUDENTSINBUSINESSINNOVATIONCOACHINGPROGRAM-(SIB)
knowledgesharingplatform
Weconductedaresearchtoestablishfactorsinfluencingformationofbusinesscompaniesby universitystudentsbeforecompletionoftheiruniversitystudiesinEastAfrica.Thiswas informedbymycurrentengagementofcoachingstudentsinbusiness(SIB)programunder AgriTechinnovationhub.Additionallyweneededtoconfirmthefindingsbythe2020Kenya NationalBureauofStatistics(KNBS)reportthatyouthaged20to29,theagebracketoffresh universitygraduates,hadanunemploymentrateofover32.4percentoutofthe30,000that graduateannuallywithalong-timeunemploymentrateof7.9percent.
OntheotherhandtheInternationaljournalofscientificresearchandManagement(IJSRM) citedkeyfactorofunemploymentinKenyaisthelackofcreationofopportunitiesthatcan absorbthehighnumberofgraduates
Ourfindingsweremeanttovalidatethecoachinginuniversitiesbyequippingthemwithskills toestablishprofitableandsustainablebusinessmodelsthroughbuildingontheirinnovation capabilitiesattheformativephaseoftheirentreprises.Sofarwe'vedoneinceptionmeetingsat masenouniversity,universityofNairobi,jomoKenyattauniversity,RIATcollege,Bukura agriculturecollege,SiayainstituteandDedankimathiuniversity.Inourfeedbacksession
90%wereinterestedincoachingsessionswhilewhileonly5%couldaffordtopayforcoaching duetofinancialconstraintsfacingthemasaresultofhighcostofeducation
Coachingsessions
Groupcoaching-3monthsacceleratorsprintcost$350PAX
Personalizedcoaching-6monthscost$1000
RESEARCHFINDINGS
Ourresearchwascenteredaroundthree(3)hypothesesnamely:
career&socialization,technologyandmarketinformation&livelihoodstatus
Researchobjectives
https://forms.gle/18tbTL93hXVp9RfG6
1Influenceofcareer&socializationonformationofcompanies28%
2.Influenceoftechnologyonformationofcompanies18%
3Influenceofmarketinformation&livelihoodstatusonformationofcompanies32%
66%operatebusinessessand60%wereearningfromtheirbusinesseswhile6%werenotyet
(linktoquestionnaire) ☝
Findings
67%weremaleand33%female
Thefollowinguniversitiesparticipated
Kenya6
JomoKenyattauniversityofagricultureandtechnology
Maseno
UniversityofNairobi
Dedankimanthi
Kenyattauniversity
Pwaniuniversity
Uganda1
Makerereuniversity
Tanzania3
St.AugustineuniversityofTanzania
SokoineUniversityofAgriculture
UniversityofDodoma
66%respondentswerebelow30yearswhileonly14%wereabove40years
52%oftherespondentswerefromTanzania
46%Kenyaand2%Uganda
66%highlevelofeducationwerebachelorsstudentswhile26%hadmastersashighestlevelof academic
98%wereconfidenttheywouldgraduatewith2%notsure
32%hadtradelicensesbesidestheytheirlegalregisterationwhile38%didnot
54%ofrespondentscitedtheirknowledgeintechnologyhelpedinsettinguptheirbusiness whileonly38%indicatedthattechnologyinfluencedinnovation/inventionoftheirbusiness ideasanimplicationthatnotallinnovationsaretechdriven
80%oftherespondentswereintheir2ndto4thyearintheiracademicyearin40different facultiesinEastAfrica