Youth startup competition and awarding

Activity Description

14th, November 2018

Theme: Youth startup competition and awarding  

Locations: Hargeisa 

Organizers: Shaqodoon and ministry of sports and youth

As stronger entrepreneurship ecosystems emerge, young graduates who are unable to secure jobs have more opportunities to leverage their economic freedom and create a job. As they choose to start and scale new businesses, they not only change their lives, but also contribute to their communities and country through job creation and economic renewal. GEW Youth intends to celebrate and shape the next generation of innovators through competitions and pitching to help them launch their startups then connect them to potential co-founders, mentors and even investors.

Main Activity: Full day Business Plan Competition “Pitching” and investment award for the winners

        Hargeisa Event: On Wednesday 14th, there will be a full day business plan competition and “Pitching” event between 14 young aspiring entrepreneurs with fully developed business plans. Competing youth will be identified during an early stage business plan competition events planned to be held during the third and the fourth weeks of October.  Youth who have attended Shaqodoon’s business plan development courses and crowd funding training programs in 2017/18 and have developed full business plans and started a crowd funding campaign to raise some funds for their business ideas were selected to participate the early stage competition events in October.

       Hargeisa Winners and awards: During the final pitching day, eight top winners will be awarded with startup capital to take their business ideas to the next level of action. After awarding, they are expected to launch their startups and create jobs for others and contribute to local economic development.

Winners will be announced during the evening at HarHub by a selected jury who evaluates youth pitching and developed business plans using agreed criteria.

Winners are expected to receive awards from different sponsors/investors.

  • 3 Startups - Next Economy Project(Partial sponsorship)
  • 4 Startups - Lead program (partial sponsors)
  • 1 Startup  – Any other possible sponsors

Potential participants

  • Government (Ministry of investment, ministry of trade, ministry of youth/social affairs,  chamber of commerce,  and other concerned government offices)
  • Local Banks/financial institution 
  • INGOs and multinational companies
  • Youth innovators and Entrepreneurs

SPONSORS

- SPARK