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Home Africa IOM/PUM Entrepreneurship by Diaspora for Advancement Program 2019

IOM/PUM Entrepreneurship by Diaspora for Advancement Program 2019

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IOM/PUM Entrepreneurship by Diaspora for Advancement Program 2019

Due Date: April 30, 2019

The International Company for Migration (IOM) and the Netherlands Elder Professionals (PUM), are happy to ask for the submission of organisation concepts within the structure of the Entrepreneurship by Diaspora for Advancement Program

The general goal of this program is to motivate the Ghanaian and Ethiopian diasporas living in the Netherlands, or Dutch business owners in collaboration with the diaspora, to engage as business owners for the advancement of the economic sector in Ghana and Ethiopia. More particularly 20 business owners from the Ghanaian diaspora and 20 business owners from the Ethiopian diaspora, or Dutch business owners in connection with the diaspora, will be provided support in their journey to launch or broaden organisations back house.

20 picked possible business owners per nation will have the chance to register in training sessions provided by IOM/PUM and to gain from specific mentoring provided by PUM volunteers. A last 10 prospects per nation will have the chance to go on a checking out check out to Ghana/Ethiopia and some prospects will have the ability to incorporate existing incubators. Private recommendations will likewise be provided regarding possible monetary chances.

Eligibility

  • Prospects need to be at least 18 years of ages.
  • Prospects need to be Dutch locals or Dutch nationals, who are members of the Ghanaian or Ethiopian diaspora or signing up with hands with the Ghanaian and Ethiopian diaspora.
  • Prospects might use to start-up an organisation or scale-up an organisation, based upon the following requirements:.
    • Start-up organisations: Service concepts, ideas and/or models at the extremely preliminary phases of advancement (1-12 months)
    • Scale-up organisations: Developed organisations need to have been at least one year in operation (12 months+).
  • All applications need to just be sent utilizing the affixed kind. No other formats or accessories will be accepted
  • Just applications with finished obligatory parts (part 1 and part 3) will be thought about.
  • Females and young business owners are motivated to send organisation concepts.
  • Candidates need to divulge financing currently got at the time of using or concrete proof showing any possible financing chance in the future.

Choice Requirements

  • The following requirements will be utilized to pick the candidates welcomed to the interview.
    • Client requires to be plainly recognized: REQUIREMENT
      How is the service or product going to include worth for consumers? Which of the consumers’ issues is the product/service going to fix?
    • Service design: METHOD
      How will the service or product produce profits? (sales, membership, ad, and so on). Just how much does it anticipate to offer in the very first year of organisation?
    • Differentiators recognized: DISTINCTION
      How is the service or product various from or much better than the existing services or products provided by other, completing organisations for the exact same consumers? What is the competitive benefit that permits business to surpass/ do much better than rivals? (patent, algorithm, distinct service design, and so on) The following requirements will be utilized to pick the candidates welcomed to the interview
    • Preliminary market recognized, and adequately big and growing: COMPETITORS
      Who will be purchasing the service or product? How huge is the existing market? What is the possible scalability of business?
    • Start-up capital and technique recognized: FINANCIALS
    • The candidate shows a clear vision and objective for the future: ABILITIES
  • The list below aspects, albeit elective, will be assessed too:.
    • The concepts, ideas and/or organisation propositions fit within the development sectors and chances as recognized by GIPC or EIC and i-guide or other sources.
    • The proposition is ingenious and/or eco-friendly and supports the accomplishments of the UN Sustainable Advancement Goals (SDGs).

Application

Click on this link to use

To learn more, go to Entrepreneurship by Diaspora for Advancement Program