According to 2017 statistics, 80% of Malagasy projects are doomed to failure. What do you think is missing ? What makes few new companies viable ? Where are all these start-ups that have won national and international awards ?
Malagasy start-ups face far too many obstacles. With the unstable politics, the country’s economic situation and the lack of training, it is not surprising that some people sink easily.
All in all, @Stileex’s opinion really enlightened me :
« I will tell you the one and only real problem that start-ups face in Madagascar : the market. The latter is very small and does not allow companies to do American-style, or even French-style businesses. You can’t rely on volume to compensate for low margins, unless you’re in the ppn.
Add to that insufficient or even non-existent infrastructure (roads, telecommunications, energy, etc.), and you’re on your way to the wall :)
And of course : corruption in Madagascar, which lives at the expense of the formal economic fabric ».
And this discussion leads to the question of @ando : « Do you know of a Malagasy startup that has broken through and gone beyond this stage ? ». A question that no one was able to answer :D.
And you, what do you think ?
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