Are you an entrepreneur that is interested in creating new markets that will provide solutions to people? If yes, you are at the right spot where you can read about new markets and websites that empower entrepreneurs to fulfill their dreams.

Before diving deep into the main topic of websites and apps that empower entrepreneurs to create new markets, a summary below will explain the fundamentals of market maturity which are the major types of market. 

1. Existing market:

An existing market comprises known customers and direct competitors. It brings about the clash of competitors in the market in terms of product performance and features. This provides an entrepreneur the opportunity to measure the size of the market they’re venturing into. 

1. New market:

The creation of new solutions to existing problems is an easy way to define a new market. If your product enables customers and users to do certain things they were unable to do in the past, that classifies as a new market. 

Unlike the existing market, customers’ preferences are unknown and competitors are non-existent. It can be seen as time-consuming as product features among many others involve depth process. 

As things have come to be, various organizations and websites have stood up to the task of empowering entrepreneurs to create new markets that provide value and innovative ideas. 

Here is a list of websites and apps that empower entrepreneurs to create new markets; 

1. BOOST AFRICA.

Boost Africa is a joint initiative between the African development bank 

(AFDB) and the European investment bank (EIB) and also one of the flagship initiatives of the AFDB’S jobs for youth in Africa.  

Boost Africa aims to harness the potential of entrepreneurs involved in emerging markets and create opportunities in Africa. The community is dedicated to achieving several goals such as; enabling entrepreneurship and innovation across Africa and creating new jobs for young Africans, e.t.c. 

With the belief that entrepreneurship and innovation can play important roles in numerous ways, boost Africa is dedicated to improving social progress in Africa.  

1. MICROSOFT

Microsoft startup initiative.

The startup initiative was inspired by the commitment of social entrepreneurs who are dedicated to their passion for positive change in improving the environment and human health in societies. 

To empower social entrepreneurs, Microsoft launched a global social entrepreneurship program to offer qualified entrepreneurs access to technology, grants, and many more. 

The global initiative was created to assist social enterprise startups to build their companies.  

Microsoft believes in providing the fundamental support to empower social entrepreneurs to create companies that will achieve impact in the world. 

1. EMPOWERING ENTREPRENEURSHIP INITIATIVE.  

The empowering entrepreneurship initiative was created to provide support for entrepreneurs in new markets. They provide innovative businesses with a powerful combo of mentoring, networking, and direct financial support. 

Their website states the process of becoming part of the community and the benefits entrepreneurs stand to gain. 

l Application process 

l Selection process

l Virtual learning platform 

l Financial support

l Mentoring

l Alumni/Community 

1. MARKET-CREATING INNOVATION BOOTCAMP.

Market-creating innovation (MCI) was launched in early 2021. Their boot camp offers an eight-session curriculum that is made to empower emerging markets and provide the principles and steps necessary to create new markets and succeed. 

The boot camp is a dynamic and practical community that is best suited for early-stage entrepreneurs who have a fresh idea with the intention of solving a problem for a majority of people in society. 

According to their website, the program has numerous benefits such as; 

l Course 

l Community 

l Coaching 

l Certification 

l Access to capital 

By empowering new market innovators in emerging economies, the MCI boot camp seeks to build a standard foundation for inclusive and sustained economic prosperity. 

The list of websites above is just a few among many others that offer similar benefits for entrepreneurs to create new markets and excel in them. It shows how dedicated they are to the cause of innovation growth and the will to create communities that support the movement. 

To read more about the websites; click on their links.