I heard about the
Business Innovation Facility for the first time when Mrs Ibukun Awosika of "
The Chair Centre" talked about the Furniture Village project at the last concluded "The Platform" organised by the Covenant Christian Centre on the 1st of October 2011 in Lagos, Nigeria. I was pleased when I heard about this project and decided to learn more about the people behind the project.
Firstly, the Furniture Village project or The Furniture Makers Village Ltd. (FVL) is a Nigerian start up company, promoted by the Chair Centre Ltd, aiming to set up a local furniture manufacturing cluster that combines workshop units, factory spaces, housing for entrepreneurs, employees and their families, large-scale manufacturing facilities as well as a retail unit for business-to-business and business-to-consumer sales at one location.
Through the creation of this industry ‘ecosystem’ FVL will benefit individual craftsmen (known as ‘carpenters’ in Nigeria) along with small and medium enterprises by giving them access to infrastructure, equipment and markets. With businesses from different sectors (e.g. property, furniture manufacturing, retail and services) relocating to the village, FVL will benefit from profits through long term leases and ground rents. Businesses will benefit from direct access to their suppliers and customers. Manufacturers, for example, can optimise the use of their production facilities to increase productivity which will ultimately result in growth of their businesses.
You can learn more about the project at
http://businessinnovationfacility.org/page/furniture-village-nigeria
Now back to the Business Innovation Facility.... Who are they or What is it?
The Business Innovation Facility helps the development and uptake of inclusive business models by companies in developing countries. The term
inclusive business refers to profitable core business activity that also expands opportunities for the poor and disadvantaged.
The Facility works in two ways:
1. Advisory support and facilitation. The Facility supports companies that are developing inclusive business projects in Bangladesh, India, Malawi, Nigeria, and Zambia. In these 5 countries the Facility helps companies directly by facilitating the process of developing inclusive business, brokering partnerships, signposting to other sources of support, and/or sharing the cost of consultancy support. To find out more visit
How the Facility can support your company.
2. Information exchange and insight. To help practitioners of inclusive business in any country, this Practitioner Hub provides a
gateway to the latest information, insights from peers, good practice, useful resources, and lessons learnt about developing and implementing inclusive business. To find out more visit
What you can find on this Hub
The Business Innovation Facility is funded by the UK
Department for International Development and was designed as a 3 year project (2010-2013) to pilot this new approach to supporting the role of business in the development of low income countries.
So I do believe that people should take advantage of this facility and increase the success of their business ventures. Go to the site and learn more about this initiative.