The VC4Africa organization reached out to entrepreneurs part of the community in the effort to benchmark their progress.
Specifically, we were looking to see organizational advancement as measured by the number of jobs created and growth in revenue over time. By establishing such an index, the aim is to offer tangible evidence of SME Impact created by the entrepreneurs part of the VC4Africa community.
Entrepreneurs with a venture profile published on VC4Africa were asked to participate in an online survey. The survey was sent to 800 entrepreneurs and 160 entrepreneurs responded, a 20% response rate.
These are the results of the first VC4Africa SME Performance Index 2013.