The goal of the Business Talent Women’s Incubator (BTWI) is to assist many women in Mongolia grow their business and make it a success. Since the business incubation sector in Mongolia is very new, BTWI is keen to learn from business incubation practitioners and experts around the world. Mongolian business incubators will be collectively showcasing the talents of their tenant businesses in a Tenants Exhibition to be held in Ulaanbaatar from June 11-15, 2009, and they have recently formed the Mongolian National Business Incubation Federation, where all Mongolian business incubators are members.
Operating for only 2 years, the BTWI already has 15 tenants in a variety of businesses ranging from boot-making to sandwich-making to felt clippers, sewing and ICT businesses. BTWI also virtually assists a large number of clients, who are not physically located in the incubator.
Like all incubators in the early stages of operation, BTWI has been immersed in the preparation of systems and guidelines to steer client services, internal management, monitoring and evaluation and attracting clients. One of their most exciting initiatives is the development of the BTWI website, which will be ready for public viewing by the end of June 2009.
BTWI runs a variety of training programs aimed at women in business, including Business Ideas Training, Business Start-up Training and Business Development Training, tailored to meet the needs of entrepreneurs at all stages of development. They also provide a range of Business Development Services to their clients, including ICT facilities, 50% rent assistance, business planning and financial advice, that will support the businesses in the crucial and difficult early stages of start up. Clients are selected through a standardised assessment process.
Run by the very capable and experienced Ms. Enkhtuya Tsend, BTWI continues to lead the way in incubation in Mongolia. Enkhtuya started her career in banking, studied macro and micro economics and international collaboration as part of the FEW Fellows Internship Program at Georgetown University in the United States. In 1992, after the first democratic changes started in Mongolia, she established the first Women’s NGO Liberal Women’s Brain Pool, and then in 1996 established the first Women’s Credit Union. In 2006, she started the first Women’s Business Incubator with funding from the Ministry of Labour and Welfare.