UNDP Launches Business Plan Competition For Students
The United Nation Development Program (UNDP), in partnership with the Booker Washington Institute (BWI) in
Kakata, Margibi County, has launched a business plan competition for students of BWI with focus on youth empowerment activities that will support small and medium enterprises development in rural counties.
Speaking on a local radio talk show Wednesday, the head for the UNDPBusiness Opportunity and Support Project, Micheal Zarway, indicated that the competition is aimed at empowering students in entrepreneurship because BWI trains students in various vocational disciplines.“What we have realized is that many of the students have been trained and placed on internship with the hope of being retained, though it is impossible to retain all of them on the aspect of providing them jobs,” he explained.
Zarway noted that as a result of the situation, the UNDP saw it necessary to introduce the entrepreneurship program to enable them establish their own companies through the competition.
According to him, the UNDP along with the BWI has developed a business idea aimed at empowering students to help them form teams that will create innovative ideas to solve some problems in the communities and counties.
He stated that the ideas that will be created by those teams will be presented to the UNDP to be reviewed with the best idea being selected, noting that those teams’ ideas that will be selected will be enrolled into a basic development training for a week where they will learn how to develop business plans.
“The competition will target senior students and alumni who graduated over the past two years because they will have time to commit themselves to developing their own businesses,” Zarway noted.
He encouraged students who have completed their training to come back and be a part of the competition to help empower themselves without depending on others to provide jobs for them.
Zarway explained that the number of students that will be chosen for the training competition will be based on the quality of the innovative ideas that they bring forth.