YES Fund for young entrepreneurs
|
YES (Youth Employment Systems)Fund, the Global Fund for Youth Entrepreneurship announced the launch of the ICT Business Plan Competition for 2007-2008, to support budding young entrepreneurs in the age group of 18–35 years.
The first pilot competition will be open to young entrepreneurs in India and Kenya. The business plan proposals will pertain to the Information and Communication Technology (ICT) sector. The programme will support the youth to identify opportunities, prepare their business plans and compete for the best ideas. The winners will be provided with award money (in the form of collateral or loan guarantee) and innovative business development services to start their enterprise. Excited about the possibilities that this initiative brings, Gratian Vas, Executive Director, Indo Global Social Service Society, IGSSS commented, "The deserving youth, with drive and initiative but held back due to the lack of adequate financial backing, find an excellent opening to unleash their entrepreneurship with YES Fund." The competition will run from November 10, 2007 to January 18, 2008. The award ceremony will be held on March 28, 2008. The YES Fund has partnered in India with Indo Global Social Service Society, NIIT and others. They have invited subject experts to join them in helping the youth identify viable businesses, prepare business plans, screen winners and mentor the implementation of the new business. Interested youth are invited to log on to the YES Fund website to learn about ways to participate in this Business Plan Competition. The YES Fund - a global fund for youth entrepreneurship - was launched by the Youth Employment Summit (YES) Campaign funded by Microsoft at the Clinton Global Initiative (CGI) in September 2006, with the aim of building a coalition of partners all over the world to work on 'creating markets and unleashing entrepreneurship'. Source: Hindustan Times |
Printable version
Back to top
