Since 2008, the Cuban private sector has enjoyed a timid yet stable development. Nowadays in Cuba, the recently emerged private sector provides a new opportunity for individuals to start their own businesses. In 2010, when licenses began to be issued for 201 categories of self-employment, the number of micro-entrepreneurs grew steadfastly. Currently, there are approximately 450,000 registered micro-entrepreneurs.
Micro-enterprises in developing countries are crucial.
Profits from micro-enterprises allow business owners to provide a better livelihood for their families.
Micro-enterprise development also has great and positive repercussion in a community, as it facilitates the emergence of employment, and increase in community wealth.
1Private enterprise has been weak for the greater part of the last 50 years.
2Emerging Cuban entrepreneurs often lack the resources and mentorship needed to successfully start and manage their own business.
3Private business in Cuba only represent 4% of total workforce.
- StartUp Cuba's innovative programs foster a culture of entrepreneurship, which contributes to the renewal of private enterprise.
- StartUp Cuba provides emerging entrepreneurs with business mentors and unique learning opportunities.
- Through innovative educational programs and empowerment tools, StartUp Cuba aims to inspire more people to start their own business, thus reducing dependency on the state.