Best Ideas 2020 features all the nominated entries submitted under ‘Submit your Idea’ category. All the entries consist of innovative solutions or propositions for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage.
Youth Entrepreneurship Skilling and Development program
Explain your idea in details:
Project goal The main goal of the project is to provide market-oriented entrepreneurship and business skills training to the young university students for self-empowerment and personal growth. Specific objective The project objectives are as below; a) To Promote Entrepreneurship Education and Culture among the young adults at the higher institutions of learning b) To Promote Evidence-based Advocacy for the fight against Unemployment c) To come up with Youth-to-Youth approach for mentorship and self-empowerment d) To promote Business Development Services and improve Access to Finance for Young Entrepreneurs at higher institutions of learning. Project proposed activity interventions The project activities will include the following as below; i. Conduct regional media campaigns against Unemployment in the country ii. Hiring the entrepreneurship trainers and supervisors iii. Preparing the training manual iv. Identifying the mentors and assigning them to the various beneficiaries v. Mobilization of funds through liaison with the line Ministries and partner development organisation vi. Conduct diagnostic visits to the Ministries, Department and Higher Institutions vii. Participate in market search, business planning and fundraising Assist the beneficiaries register their businesses Innovative approach The project will involve students aged between 18 up to 35 years team up in groups of five (5) or more and register their own businesses, while they are still at school. These teams will meet on a quarterly basis to discuss the challenges and opportunities that they have faced in their business operations, and a panel of experts will be there to assist them grow the businesses.
Expected impact of your idea on sustainable development
The project will target the youth in the higher institutions located in the rural areas of the country, especially those within the districts of Arua, Kabale, Mpigi and Mbale. These will be identified on the basis of their locations of study and where they stay. The pilot project targets four universities of Bugema University in Wakiso district, Islamic University in Uganda, Bishop Barham University in Kabale district of Western Uganda and Muni University of Arua. The institutions have been chosen with a clear appreciation of diversity. About 500 students from all the institutions will team up to open at least 100 companies. This therefore translates into 25 companies from each of the chosen institutions. Project results outcome i. Young students have improved perceptions and have gained training in entrepreneurship ii. The young men and women in the country have better understanding of the evidence-based approach to fighting Unemployment and making public policy to tackle the vice iii. Youth to youth mentorship adopted for self-empowerment and there is Reduced Unemployment and low chances of engaging in graft in the country iv. Improved skills and capacity for innovation, access to financing and business development among the youth in the country.
Plans for implementation and sustainability
The project will involve students aged between 18 up to 35 years team up in groups of five (5) or more and register their own businesses, while they are still at school. These teams will meet on a quarterly basis to discuss the challenges and opportunities that they have faced in their business operations, and a panel of experts will be there to assist them grow the businesses. They will be assigned mentors, who are well respected business men and women in the society, to share with them experiences of business growth. For the effective sustainability of the project, RESNET Uganda team will ensure that the communities and the project beneficiaries are educated and trained on the importance of entrepreneurship and the need to reduce Unemployment. It is expected that the training will be sustained by initial active participation of beneficiaries throughout the entire project life. The participants will be requested to contribute a certain amount as commitment fee and value for money aspect towards the training. This project will assist in youth development through provision of the entrepreneurship and business skills training. This will help in preventing the youth from bad behaviour so that they avoid contracting HIV virus and other infectious diseases. All the training materials and mode of delivery under this project will be gender and disability friendly so that the right to access is granted to every member of the beneficiaries. The project will be monitored monthly by the Rural Empowerment and Skilling Network, quarterly and annually by a joint team of development partners and government agencies. Implementation will be done by the implementing organisation and it will monitor every activity of the project throughout the project life. At the end of the project, the organisation will welcome the evaluation and auditing of the project and its
I am a 34 Year old graduate of Business Administration from the Uganda Christian University, who is aspiring to become a leader at National and Regional level. My aspirations have been inspired by my past experience as a leader at School and early years of work, where I held several leadership positions. I am currently working as a Chief Executive Officer at Rural Empowerment and Skilling Network Ltd, Uganda. The organisations main objective is to promote rural development through advocacy and research. I am passionate about information escalation and knowledge acquisition, especially regarding rural development. Am a fan of travel and discovery of new ideas and places with a focus on growing my career. I also have interest in taking on new challenges as long as they can allow me learn new things to attain my objective and foster personal growth. I have experience that spans over 10 years, which have seen me perform such duties like preparation of periodical Financial reports, Preparation of organisation annual budgets, monitoring of the incomes and expenditures against the budgets, preparation of the Monthly payrolls and ensuring payments of statutory deductions. I also have some experience in general administration and Human Resource related work. Once I become part of any team, I always ensure that I diligently work in line with the mission and vision of such organisation(s) to assist them towards the objectives laid down.