What is the IsDB Business Plan Competition?
The Islamic Development Bank Group invites all eligible entrepreneurs from ISDB Group Member Countries in Sub-Saharan Africa region to attend its 1st Business Plan Competition.
The business plan competition is designed in a way to foster entrepreneurship in the Sub-Saharan Africa region via providing;
* Seed funding in the form of cash prizes.
* Training materials for business plan development.
* Mentorship from prominent entrepreneurs,
* Networking opportunities with investors
The competition will include two tracks:
The idea Track: the entrepreneurs who have an idea, research or technology but NOT established their ventured yet.
The Growth Track: will be for the entrepreneurs, who have already established their venture and looking forward to growing it.
Who can Apply?
Individual application is allowed but application by teams are highly encouraged. In the case of team application, each team shall select a member who will be the “applicant” for the team in this competition,
The applicant must be a citizen of the ISDB Group Member Countries in Sub-Saharan Africa Region. The applicant shall be at least 18 years old and able to read and speak English or French proficiently,
All members of a team can only enter the competition once with one submission.
Team composition adjustments are allowed in Phase 1 and 2 but no changes are allowed after the submission of full business plans,
The products or services offered or intended to be offered should have commercialization potential, be legal, and Shariah-compliant. The following applications will not be accepted:
*Projects which does not have commercialization potential,
*Non-for-profit type projects such as charities, NGOs etc.
*Projects entailing production, sales, promotion, or distribution of the non-shariah compliant products/services (such as alcohol, gambling etc.)
The 1st IDB Business Plan Competition aims at fostering the entrepreneurship in Sub-Saharan Africa region, and to encourage new business ideas to flourish. In this regards, the competition will be open to entrepreneurs from 22 different IDB member countries listed below.
1) Benin
2) Burkina Faso
3) Cameroon
4) Chad
5) Comoros
6) Cote Divoire
7) Djibouti
8) Gabon
9) Gambia
10) Guinea
11) Guinea Bissau
12) Mali
13) Mauritania
14) Mozambique
15) Niger
16) Nigeria
17) Senegal
18) Sierra Leone
19) Somalia
20) Sudan
21) Togo
22) Uganda
How to Apply?
The application process to submit your business plans is structured in two simple steps.
Step 1: fill the online form here below, select the category you want to compete in, and submit your form. You will be directed to Step 2.
Step 2: the business plan form. Once you complete the business plan form you would be able to submit your application.
Kindly note that only after completing both Steps you would be able to submit your application.
http://www.idb-bpcompetition.com/?q=node/53
Submission Deadline: April 30th 2014.
Cash prizes
#1st Place: $25,000
#2nd Place: $15,000
#•3rd Place: $10,000
For each track of the competition
Mentorship and Networking Opportunities.
Contact Informations:
Visit the official website http://www.idb-bpcompetition.com/
info@idb-bpcompetition.com
P.O. Box 1234, Dubai, U.A.E.
We Keep Moving Forward
EntrepreYOU INC!!!
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