Gulu Youth Compete for and Win over sh7m in Business Grants
In a refreshingly novel approach to rural development aid, one NGO, Technoserve decided to organize a business plan competition for youth to publically pitch their business ideas and plans in competition with each other. The more viable ideas would then win capital investment from the NGO. This competition that was held in Mukono last month went to Gulu last week. Scores of youth turned up to compete. Apio Lucy Doreen from Gulu, reports that winning youth walked away with more than sh7m for their businesses.
Opio Simon who runs a seedlings business along Gulu-Kampala road won sh1,000,000, the top prize for a male individual. Second place male, Lakuc Geoffrey won 800,000 for a business to sell mushrooms. Amito Irene, the best female won sh500,000 to invest in her saloon business. Green House Farm, the winners in the category for groups proposed to set up a greenhouse vegetable establishment and won 2,000,000. Runners up in this category got 1,600,000 to invest in a bookshop while the 2nd runners up was Shine Nursery School, an already existing venture whose youthful owner won it 1,200,000.
Technoserve’s business manager explained to News-Hapa that the grants won’t be given in cash but rather in supply of equipment and any other capital investments these winners need for their businesses.