Initiative to help entrepreneurs in Ethiopia get seed money

A new global initiative, The Generation Unlimited Youth Challenge is set to help young entrepreneurs in Ethiopia get seed money and mentoring to implement their innovative ideas related to sustainable development goals (SDGs).

The initiative, which also involves additional rewards for the winner entrepreneurs including bootcamp coaching, mentoring and competing at global scale, is currently taking place in over 35 countries worldwide.

It is set to be launched in Ethiopia next week. It will call on young innovators in Ethiopia to team up in groups of 3-5 people to design solutions to accelerate the Sustainable Development Goals in their communities. The Challenge will equip the youth with skills, offer mentoring, and provide seed funding to turn their ideas into realities, according to the information from the organizers.

The launching event will be followed by an engaging panel discussion between the representatives of the Youth Challenge and the youth, information sharing on the eligibility criteria and application process, and finally will be concluded by a question-and-answer session, according to the program.

The Challenge in Ethiopia is being hosted by the Ministry of Labor and Skills, supported by UNICEF, UNDP, ILO, UNFPA, and Resident Coordinator Office (RCO), and being implemented by First Consult.