About Youth Ignite
In light of the recent economic
downturn, development strategies that create new jobs and support the growth of
businesses are of greater need than ever. Microenterprises play a critical role
in this quest as they account for a larger share of newly created jobs.
However, only a fraction of these start-ups survive for more than two years or
even develop into the high-growth firms. Amongst the biggest barriers to their
sustained growth are lack of access to training, development support, and access
to funding. The “Youth Ignite” Project (under the Bank of Industry’s (BOI)
Microenterprise Finance Program) seek to address these challenge by supporting
1 million entrepreneurs to create 5 million jobs over the next 5 years. Microenterprises
will be provided training, single-digit interest loans and ongoing support
during the course of 5 years.
Objective
The main objective of the project is
to create new jobs through entrepreneurship by supporting 1 million
entrepreneurs over the next 5 years to create 5 million jobs.
Prerequisites for the contest
Who we are looking for: Talented,
creative and dedicated young people who have an existing business or idea that
they believe in and are committed to bringing to life.
How to apply
- Interested entrepreneurs should visit HERE
- Entries must be submitted online within the specified timeframe and conform to specified guidelines and terms and conditions of participation clearly outlined on this website.
- All entries will be reviewed by the Panel of Judges who consist of carefully selected accomplished professionals from all walks of life
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