$1M in start-up fund­ing up for grabs at in­au­gu­ral Youth in Busi­ness Sum­mit

Stabroek News Sunday - - REGIONAL NEWS -

Ten young en­trepreneurs will have a shot at earn­ing from $500,000 to $1 mil­lion in start-up fund­ing for their pro­posed busi­nesses at the in­au­gu­ral Youth in Busi­ness Sum­mit, which will be­gin this week, Di­rec­tor of Youth Melissa Carmichael has an­nounced.

Carmichael told re­porters at a news con­fer­ence on Fri­day that the sum­mit, which is sched­uled for May 23th and May 24th, is one of sev­eral ac­tiv­i­ties or­gan­ised by the Depart­ment of Youth as part of the 2018 Youth Week Cel­e­bra­tions.

Na­tional Youth Week will be ob­served from the 20th to the 27th of May, 2018, un­der the theme, “Em­pow­er­ing young peo­ple to fos­ter Youth and Com­mu­nity de­vel­op­ment through in­no­va­tion.”

The sum­mit was ex­plained as a fo­rum for the ex­change of in­for­ma­tion between per­ti­nent pri­vate and pub­lic sec­tor en­ti­ties that speak di­rectly to youth en­trepreneur­ship.

As part of the event, 21 young en­trepreneurs, who have been pre-se­lected, will each have eight min­utes to pitch their busi­ness plans to im­press a panel of judges and the ten best will be awarded from $500,000 to $1 mil­lion in start-up fund­ing.

Ac­cord­ing to the web­site of the Depart­ment of Youth, over a pe­riod end­ing April 16th, 2018, it in­vited young en­trepreneurs to sub­mit their pro­pos­als so that they can have a chance to win both start-up cap­i­tal and men­tor­ship.

Carmichael said 100 pro­pos­als were ac­cepted on a first come first served ba­sis, though 230 were re­ceived and of that num­ber 21 pro­pos­als were short­listed.

It is these short­listed par­tic­i­pants who will on Thurs­day present their pro­pos­als to a panel, for pos­si­ble se­lec­tion to re­ceive start-up cap­i­tal.

This newspaper re­quested a list of the short­listed en­trepreneurs and was promised a copy but up to press time none had been re­ceived.

Mean­while, other ac­tiv­i­ties planned for Na­tional Youth Week in­clude the Na­tional Youth Week Rally, which is sched­uled for to­day.

It is ex­pected that the Rally, which will be staged at the D’Ur­ban Park, will serve as a dis­play for Guyana’s paramil­i­tary or­gan­i­sa­tions, such as the Scouts, Ma­jorettes and Pathfind­ers.

It will be­gin with a route march from the Pub­lic Build­ings on Brick­dam and end at D’Ur­ban Park, where Pres­i­dent David Granger is ex­pected to deliver the fea­ture ad­dress.

Newspapers in English

Newspapers from Guyana

© PressReader. All rights reserved.