The challenges facing an entrepreneur in Seychelles are many: lack of central access to information on setting up a business; scale of administrative hurdles; limited access to funds; and an inability to scale up the enterprise. These speak to the need for the creation of a strategy with a clear action plan that will serve to strengthen the effectiveness of the entrepreneurship ecosystem in Seychelles in the wake of COVID-19.
The development of the National Entrepreneurship Strategy (NES) reinforces the Government’s message that strengthening Seychelles’ entrepreneurship ecosystem is in line with the country’s aspiration of becoming a knowledge-based and innovation-driven economy, and it also recognizes that promoting entrepreneurship needs to be a harmonious and an inclusive process ensuring complementarity in objectives and efforts.
The NES may therefore prove crucial in providing national-level guidance on the kind of entrepreneurship and entrepreneurs the Government wants to encourage.