Youths Entrepreneurship Resource App

In Uganda, 75% of the population are youths below the age of 35 years and yet only 40% of them have employment. Youths unemployment has resulted into mental health issues, crime, burden to governments and un-productivity among others. The solution is to engage youths in self employment but majority of the youths do not have information on entrepreneurship, low cost investment options and low cost credit/capital. This has increased the scope of the challenge and so our solution is to test an app that guides youths with all entrepreneurship information, low cost investment options hence helping them to invest wisely and provide low cost credit/capital options. 

This solution will empower youths with the required information about self employment through entrepreneurship, create many jobs for un-employed youths, build livelihoods and many others. This solutions is scalable globally to the rest of the youths in the world. 

The problem we are solving is the sky rocketing youths un-employment in African countries through advocating for self employment through entrepreneurship.  In Uganda, 31.5 million people are youths below the age of 35 years which translates to 75% of the population and yet only 40% of them have employment and to make the matters worse, the un-employment rate continues to grow at 2.73%. Youths unemployment has resulted into mental health issues, crime, burden to governments and un-productivity among others.

Globally, youths un-employment is on the rise most especially in low and middle income countries. Every year around the world, 40 million young people join a labour market that is not growing enough and if no capable solution is found, it may result into loss of human capital, social exclusion and dislocation. 

In Uganda, youths un-employment can be attributed to lack of skills, lack of information on entrepreneurship and investment options and inadequate access to low cost capital. 

This solution will empower youths with the required information about self employment through entrepreneurship, create many jobs for un-employed youths, build livelihoods and many others. This solutions is scalable globally to the rest of the youths in the world. 

The solution is to provide youths with all the necessary information about self employment, low cost investment options,  and mentor-ship on entrepreneurship through an online app and then offer them low cost credit/capital. This app will guide guide youths with all entrepreneurship information, low cost investment options hence helping them to invest wisely and provide low cost credit/capital options. This will empower youths with the required information about self employment through entrepreneurship, create many jobs for un-employed youths, build livelihoods and many others. 

In simple terms, our online platform app is equipped with all the necessary information on entrepreneurship skills, low cost investment options and a step by step guide on business start-up. The users can then access low credit using the low cost investment options from our platform. The youths are mentored to ensure their businesses succeed and they they return the money with a small interest. Then another cohort is considered for mentor-ship for the next round the cycle continues building capacity for youths in entrepreneurship, creating jobs and improving livelihoods. 

Our Solution serves un-employed youths between the age of 18-35 years by providing them with all the necessary information about self employment, low cost investment options,  mentor-ship on entrepreneurship through an online app and then offer them low cost credit/capital. 

In Uganda, 31.5 million people are youths below the age of 35 years which translates to 75% of the population and yet only 40% of them have employment and to make the matters worse, the un-employment rate continues to grow at 2.73%. 

Youths unemployment has resulted into mental health issues, crime, burden to governments and un-productivity among others. The majority of youths in Uganda lack information about entrepreneurship, need guidance on low cost investment options and lack access to low cost capital. I have been actively involved in Bunyangabu Youths Network where we interact with many youths and I discovered that most youths do not have access to information regarding self employment and lack access to low cost capital. 

The solution is to engage youths in self employment, provide information on entrepreneurship, low cost investment options and low cost credit/capital through an online platform/app. As a result, the solution will empower youths with the required information about self employment through entrepreneurship, spring up new businesses and hence create many jobs for un-employed youths and build youths livelihoods.  

We have a team of 4 people working on this venture and they are outlined as follows

1. Gerald Muhumuza-Projects manager

2.Evans Ochieng- Technical Manager

3. Ronald Ogwang-Finance

4.Brenda Kiconco-Operations 

We have worked with youths for the last two years and we understand the dynamics of youths employment and drivers of un-employment. Our team members are well positioned to drive this venture to impact youths and create employment solutions for youths. We have experienced venture managers, skilled finance mangers and technical specialists on our team. 

We do not have any partnerships yet. 

Our Solution serves un-employed youths between the age of 18-35 years by providing them with all the necessary information about self employment, low cost investment options,  mentor-ship on entrepreneurship through an online app and then offer them low cost credit/capital. We offer low cost credit to identified youths and then apply a small interest. We offer mentor-ship and advisory up to 6 months to ensure the venture goes through the runaway smoothly. The cycle is repeated and then the interest returned and the principal is used to support other youths. 

Our business model generates revenue at small scale through applying a small interest on the credit that we offer. This generates small revenues to run the venture activities. In the long run, we hope the revenue streams will cover the expenses of the venture. 

We are applying for this solution so as to reduce un-employment among the youths through promoting self employment. We shall do this through providing adequate information about entrepreneurship, provide advice about low cost investment options,  and then provide low cost credit/capital. This solution if funded will benefit 2 million youths in 5 years and yet it has potential to be scaled across the low and middle income countries. This fund will help us reach more youths, provide more low cost credit to many youths, scale our entrepreneurship app to reach more youths, cover our runway costs and hence reach our break even point very fast. 

We need more youths to join our solution and then increase our revenue hence creating sustainability. We also need more marketing and media engagement so as to reach more youths with our solutions. All these will depend on capital which we currently don't have. This fund will help us achieve more than expected in the above areas. 

MSC and PSFU

The prize will help help the refugee youths in 3 refugee camps in Western Uganda where we operate. Our team will engage more youths in refugee camps hence creating more impact. 

This solution involves youths into entrepreneurship and hence creates jobs and improves livelihoods. The solution considers both male and female youths from marginalized societies and this gives them chance to learn entrepreneurship, creating jobs and improving livelihoods. 

This solution involves youths into entrepreneurship and hence creates jobs and improves livelihoods. The solution considers both male and female youths from marginalized societies and this gives them chance to learn entrepreneurship, creating jobs and improving livelihoods. This solution creates high impact in communities through improving entrepreneurship skills among the youths.