YES Fund announces Business Plan Competition
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.Updated: Nov 10, 2007 18:28 IST
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.
The programme will support 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. Currently this pilot competition is only open to youth belonging to the YES Networks in India and Kenya. Soon it will add more countries to its portfolio. Interested youth are invited to log on to www.yesfund.org to learn about ways to participate in this Business Plan Competition.
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.
YES Fund is a project of Youth Employment Systems(YES) Inc based at Cambridge College, MA, is a non-profit project, dedicated to resolving the global youth unemployment crisis by encouraging diverse groups of stakeholders to support youth-led country networks to identify, design and implement specific training and development programmes.
First Published: Nov 10, 2007 18:26 IST