The European Bank for Reconstruction and Development

The European Bank for Reconstruction and Development (EBRD) was founded to ease the transition of countries of the Former Soviet Union from command to market economies.

In recent years it became apparent that certain of the "early transition countries" of the Former Soviet Union were rapidly developing businesses in ICT, particularly IT Outsourcing (ITO) and Business Process Outsourcing (BPO). In order to promote the growth of this sector and develop commercial banking opportunities by encouraging the growth of ICT startups, the Bank hired Innovative Partners to be part of a team evaluating the opportunities for developing sector incubators to serve the needs of those entrepreneurs.

The Team traveled to Moldova, Mongolia, and Georgia to interview entrepreneurs, evaluate business opportunities, identify potential partners and investors in this project, effectively conducting an ICT incubator feasibility study in each location.  The project yielded valuable information concerning the markets, the level of sophistication of local ICT entrepreneurs, the degree of national government support for the concept, and identification of leaders who could act as both champions and managers of the facilities.

Jeff Milanette, of IPI worked on this project and successfully delivered the incubation market analysis and recommendations.

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