Ghana’s Next Young Entrepreneur Competition Calls For Entries

Are you between the ages of 18 and 35? Do you have a sound business idea? Are you looking for seed capital and start-up support?

Then you stand the chance of being named: Ghana’s Next Young Entrepreneur with prize package worth over 50,000 cedis in seed capital and start up support.

To participate, submit a one-page executive summary of your business idea (online only via [email protected] or through the website www.entrepreneursafrica.org ) clearly demonstrating business idea feasibility, marketability, profitability, employability and sustainability.

Submissions should be made no later than the deadline of 30th June, 2013.Following the submissions, the best 30 business ideas will be shortlisted and the owners of these ideas will be contacted to defend their business ideas in an interview session with GNYE board.

The purpose of the interview is to grant the owners of the idea the opportunity to justify their inclusion. The best 15 candidates will then be selected to participate in weekly task sessions which will be aired on television.

The weekly tasks have been carefully selected to cover all areas of world class companies, preparing the entrepreneur to go beyond mushroom orientation. They include: business law, strategy development, recruitment, sales, financial management, research, etc.

Each week, the worse performing candidate will be eliminated until we have the final 3 who will compete at the grand finale. For their final task, the final 3 will prepare business plans with emphasis on their first year of operation.

These will be presented to the GNYE board before a live audience for scoring. The most promising candidate will be declared winner and named Ghana’s Next Young Entrepreneur.

As part of the awards presentation, all 15 participants will be given the investment opportunity awards, where their business ideas will be pitched to an organised group of investors, investing over 50,000cedis or more depending on the nature of the project. Secondly, the top five participants will be flown to the African Recovery conference in Kenya, where they will be introduced to global investors and business partners across Africa.

The ultimate winner however, takes home seed capital and start-support worth over GHC 50,000 including One year access to board of directors; One year office space with stationery; First client; Wardrobe; Start up branding services; Website development; Certificate; Plaque and more.

GNYE is supported by Chartered Institute of Marketing Ghana (CIMG), The African Network of Entrepreneurs (TANOE), African Recovery, SliceBiz, and Deegib Multimedia, and organised by iQmenn.

For more information, please visit www.entrepreneursafrica.org or look for Ghana’s Next Young Entrepreneurs on facebook, or call our hotlines: 0508740047/ 0249945339.

Source: Eugene Osafo-Nkansah/Peacefmonline.com/Ghana