EAST AFRICA – Entrepreneurs in Tanzania and Uganda can apply for the Business Benefiting Children, a competition for businesses that improves the environment in which young children grow up.
The competition has been organised by BiD Network and the Bernard van Leer Foundation. BiD Network is an organisation whose mission is to encourage and promote entrepreneurship and Bernard van Leer Foundation is an international grant making foundation based in The Hague, The Netherlands.
To be eligible for this competition your business should have a positive impact on young children by improving the physical environment in which they grow up in by providing services such as better housing, cleaner energy, sanitation solutions, safer transport, safe places to play and clean water.
You should be running a business that has a financing need of between US$10,000 and US$1,000,000 and is likely to be profitable in the next three years.
Selected finalist in the competition will be invited on a business trip for training and investor meetings where they will meet more than 100 investors. They will also attend the Business Benefiting Children Week and Award Event.
Applicants whose business plans are not selected in the finals will also stand the chance of joining the BidNetwork Matchmaking for Entrepreneurs, a platform where entrepreneurs are connected with potential financiers and investors.
Applicants seeking advice and coaching on drafting their business plans should make submissions by 31st March 2011. The deadline for submitting full business plans is 31st May 2011.
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