Long-term impacts of winning a Business Plan Competition

Last registered on November 17, 2023
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Pre-Trial

Trial Information

General Information

Title
Long-term impacts of winning a Business Plan Competition
RCT ID
AEARCTR-0012453
Initial registration date
November 06, 2023

Initial registration date is when the trial was registered.

It corresponds to when the registration was submitted to the Registry to be reviewed for publication.

First published
November 17, 2023, 7:30 AM EST

First published corresponds to when the trial was first made public on the Registry after being reviewed.

Locations

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Primary Investigator

Name
David McKenzie
Affiliation
World Bank
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Other Primary Investigator(s)

PI Name
Oyebola Okunogbe
PI Affiliation
World Bank
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Additional Trial Information

Status
On going
Start date
2012-01-22
End date
2024-12-15
Keywords
Firms & Productivity, Labor
Additional Keywords
Entrepreneurship, Migration
JEL code(s)
O12, M13, L26, F22
Secondary IDs
Prior work
This trial is based on or builds upon one or more prior RCTs.
Abstract
Between 2012 and 2015, the Government of Nigeria ran the world’s largest business plan competition, giving away $180 million in grants to over 3,500 entrepreneurs. McKenzie (2017) studied the program’s first year, using an experiment in which 729 of the winners were randomly chosen from a pool of 1,841 semi-finalists, with each winner receiving a grant of around $50,000. Four rounds of follow-up surveys between 2012 and 2016 were used to measure the impacts of this program up to three years after all money had been received, and five years after entering. The results showed large impacts on firm start-up, growth, innovation, and employment. This follow-on project aims to track these firms and entrepreneurs another 7 years later, making it 11 years after they applied.
External Link(s)

Registration Citation

Citation
McKenzie, David and Oyebola Okunogbe. 2023. "Long-term impacts of winning a Business Plan Competition." AEA RCT Registry. November 17. https://doi.org/10.1257/rct.12453-1.0
Sponsors & Partners
Experimental Details

Interventions

Intervention(s)
729 winners were randomly chosen from a pool of 1,841 semi-finalists in a business plan competition, with each winner receiving a grant of around $50,000. McKenzie (2017) provides more details.
Intervention Start Date
2012-06-01
Intervention End Date
2014-01-31

Primary Outcomes

Primary Outcomes (end points)
We will measure outcomes in four main domains, detailed in the PAP:
1) Business outcomes
2) Overall wellbeing and life success
3) Taxes paid
4) Migration
Primary Outcomes (explanation)
See PAP

Secondary Outcomes

Secondary Outcomes (end points)
The PAP specifies secondary outcomes that can be used to examine mechanisms or provide more detail on primary outcomes
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
729 winners were randomly selected from 1841 semi-finalists, with randomization stratified by type of business (existing or new), gender, and region.
Experimental Design Details
Not available
Randomization Method
Randomization done by computer
Randomization Unit
Firm
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
1841 firms
Sample size: planned number of observations
1841 experimental firms, plus 475 non-experimental winners will also be surveyed
Sample size (or number of clusters) by treatment arms
729 treated firms
1112 control firms
475 non-experimental winners
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
Supporting Documents and Materials
IRB

Institutional Review Boards (IRBs)

IRB Name
National Health Research Ethics Committee of Nigeria
IRB Approval Date
2023-08-22
IRB Approval Number
NHREC/01/01/2007-22/08/2023
Analysis Plan

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