Deadline: 2 September 2019
Applications are now open for MbeleNaBiz Business Plan Competition (“MbeleNaBiz”) which is an initiative of the Government of Kenya, under the Kenya Youth Employment and Opportunities Project (KYEOP).
MbeleNaBiz seeks to create jobs and increase income for young men and women. The Government of Kenya recognises the need for job creation to address the challenge of youth unemployment in Kenya. By investing in young entrepreneurs whose ventures will generate employment opportunities and earnings for unemployed youth, the Competition will contribute to the development of an inclusive economy that provides opportunities for as many Kenyans as possible.
The Competition aims to support new and existing youth-led enterprises in Kenya with potential for job creation among youth. In particular, the Competition invites applications from new and existing businesses that:
- Are led by youth: Businesses that harness the creativity of young people in Kenya.
- Will create jobs for youth: Businesses that demonstrate the potential to create employment for young women and men in Kenya.
- Have high growth potential: Businesses should demonstrate commercial viability.
- Geography: The business must operate in Kenya.
Prizes
A total of 750 successful applications will be notified and be awarded either Ksh 900,000 or Ksh 3,600,000. Some applicants will also have the opportunity to receive training in business plan preparation. Note that successful applicants may need to travel at their own cost to training venues or to MbeleNaBiz events.
Eligibility Criteria
- Age: The lead applicant and majority (at least 70%) of the shareholders must be aged between 18 and 35 at the time of application.
- Level of education: The lead applicant must have completed a minimum of Form 4 qualification or equivalent.
- Nationality: The lead applicant must be a Kenyan national. Kenyans living abroad are eligible to apply but will need to demonstrate that they will live and operate the business in Kenya should their application be successful.
- Geography: The business must operate in Kenya.
How to Apply
Applicants can apply online via given website.
Eligible Country: Kenya
For more information, please visit http://www.mbelenabiz.go.ke/about-competition.php