Business

NGO launches competition for young entrepreneurs

TRYNESS MBALE, Lusaka
ZAMBIA 2050, a local organisation has launched a business plan competition to support young entrepreneurs in the country in starting up their own business to enhance their capacity.
Under the competition, 10 young Zambians below 36 years with the best business ideas, most compelling presentation and with community leadership potential will get a year mentorship from a United Kingdom or Zambia mentors.
In a statement yesterday, the organisation announced that the top prize in the competition is US$6,000 but, all finalists will receive mentoring support to turn their idea into reality.
“Zambia 2050 is a business plan competition offering prizes, mentoring support and awards. Zambia 2050 is a vision to raise up the next generation of Zambian leaders by 2050 and to support young Zambians in starting up their own business.
“All mentors have existing business experience and want to coach you on how to turn your dream into reality. The winning entry will receive US$6,000 or Kwacha equivalent and be named 2015 Young Entrepreneur of the Year,” the statement reads.
The shortlist of the best 10 entries will be invited to the Zambia 2050 conference in Lusaka from August 6-7, 2015 and the finalists will win 12 months of free mentoring.
It says the conference will be an opportunity to hear top business people offering inspiration on how to be successful in business and how to serve the community through business.
Each of the successful finalists will give a five minute speech and from the 10 presentations, the judges will select the competition winner, who will be awarded US$6,000.
Apart from the August business conference, all mentors will work with their connected entrepreneurs over Skype, phone and email.

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