07 Oct 2015

Development Advance Institute(DAI) a company specialising in humanitarian and social development issues and other stakeholders have introduced a new entrepreneurship development initiative, Gabz FM Made Bw.

The initiative is expected to create a young Motswana millionaire entrepreneurs every year. The initiative is basically a youth competition where applicants will develop a business that they submit for assessment, of which a short listed candidates will be selected to pitch their ideas to a panel of judges.

 A winner with the most innovative and viable idea will walk away with, among others prizes over a P1 million cash prize.

When launching the initiative recently in Gaborone, DAI manager Otto Von Rudolf said the initiative is a wealth generation scheme that is aimed at empowering the young Batswana. He said the initiative is aimed at giving the youth of Botswana, who are younger than the age 40 a platform to take their business idea to make it a viable business.

Entrants will be requested to put forward an application fee which amounts to P1 200 for registration. “The amount is meant to cover for the training. 

After investing on the training, an accreditation will be provided to the applicant,” he said.

He explained that after the accreditation had been made entrants will submit business ideas, which then goes through an assessment process. He added that for those who make the cut, they will be short listed and they will be engaged through  workshops.

“The key thing about the initiative, is that we do not have a lot of platforms that give youth an opportunity to make their business ideas into a reality.” The winner will also be assisted to advertise their business . Ends