Liberia: Ministry of Commerce, Business Startup Center Monrovia Launch the Youth Startup Business Plan Competition 2023

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Monrovia — The Ministry of Commerce and Industry in partnership with the Business Startup Center (BSC) Monrovia, with support from UNDP through the Livelihood & Employment Creation project, is pleased to announce the Youth Startup Business Plan Competition 2023 cohort for young, ambitious youth interested in starting their own businesses.

The Competition targets 300 youth drawn from seven counties: Montserrado, Grand Bassa, Grand Cape Mount, Grand Gedeh, Sinoe, Nimba and Lofa counties, who will participate in two days of business skills training, and competition for business start-up grants of USD500.

The youth will learn about business and financial planning and present their business ideas to a panel of judges in the hope of securing grants of up to US$ 500.00. They will also benefit from coaching and mentorship support when developing and refining their business ideas.

The competition aims to foster entrepreneurship among Liberia’s youth, identifying their needs and challenges, and developing innovative and creative solutions.

It is expected that applicants will come forward with business ideas from all sectors of the economy including agriculture, information technology, transportation, food processing, manufacturing, health and along all values chains about the key sectors.

UNDP and the Government of Liberia through the Ministry of Commerce and Industry are working to support the development of a strong and vibrant private sector through business development that is aim at contributing to poverty reduction and the empowerment of young people and persons living with disabilities.