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BAT-ORSHIKH ERDENEBAT29 APRIL 2015
Alternative Business Model for Mongolian EntrepreneursTheme: Develop
2Perth, Australia 2015
Mongolia
• Territory 1,5 mln sq.km
• Population 3,0 mln
• Livestock animals 52,0 mln
• 16 strategic deposits
3Perth, Australia 2015
History
• 1901 – Eruu Mongol Ore Gold Mine- Belgium, Russia, France, Germany and China (17.5% income to
Mongolia)
• 1976 – Erdenet copper mine / Former Soviet Union
• 2003 - Boroo Gold Hard Rock Gold Mine / Centerra Gold
• 2010 - Oyu Tolgoi Mine / GOM According to the International Monetary Fund (IMF), Mongolia will
be the largest beneficiary - with the country receiving up to 71% of the income from the mine. BBC
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Challenge
• More than 86% of the national economy was dependent on the mining industry as of 2013.
• 49% of registered businesses shut down in 2014-2015.
• Local businesses are searching alternative business models to make not-dependent on the mining industry.
• to create dependency on mining
industry.
• in doubt about the future.
• not ready for upcoming risks and
difficulties during the downturn
and/or closure of mining industry.
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RWP Alternative Business Model for Mongolian Entrepreneurs
• The overall objective of this project was to analyze the alternative business development strategy for mining affected areas to aid in diversifying, specializing and strengthening the local economy and society.
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Challenges
• Lack of technology
• Inability to meet standards
• Lack of human capacity
• Diseconomies of scale
• Limited access to credit
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Project activity
Specialization business model
Interviews, workshop, article, media release
Financial grant, assistant team, workshop room, transportation, stationaryInputstakeholder
Project activities
Short/ Long-term outcomes
IMPACTTarget beneficiary Competitive and sustainable local businesses outside of the mining sector
Diversification business model
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Priority sectors
• Meat, textile (wool, cashmere), hospitality, ICT, leather and horticulture - Survey partnered with USAID
• Livestock and service industry have a significant growth
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Youth Entrepreneurship Program
• Business idea development
• Business plan development
• Startup business
• Business networking
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Wool shearing, handling and marketing project
• Wool shearing techniques
• Women participation
• New business
• Wool value chain
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Next step
• Capacity/ resource assessment
• International and regional market study
• Inclusive growth policy through diversified SME development
14Perth, Australia 2015
I am happy to talk further
• batorshikh@dsmongolia.org• www.dsmongolia.org • www.ybmongolia.org• www.bizguide.mn
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