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Support for Entrepreneurship

The component aims to expand employment opportunities through entrepreneurship development and support to social enterprises. This will be done by provision of start-up capital, mentorship, and market linkages to help youth turn their ideas into successful enterprises.

Support for Entrepreneurship

 

Eligibility Criteria:

  1. Age: 18-29 years (Up to 35 years for Persons with Disabilities)
  2. Education: Form 4 level of education or below
  3. Employment Status: Unemployed, underemployed, or in low-tier employment
  4. Location: Kenyan youth in all 47 counties, including refugees in Garissa and Turkana

Key Points:

  • Start-Up Capital: The program provides financial support to kickstart business ventures. This can include grants, loans, or equity investments, depending on the nature of the business and its potential for growth.
  • Mentorship & Coaching: Participants receive mentorship from seasoned entrepreneurs and business experts to help refine their business plans, manage operations, and navigate challenges.
  • Business Development Services: Access to resources such as market linkages, networking opportunities, and business incubation services is provided to ensure the sustainability of the business.
  • Focus Areas: The program encourages businesses in sectors aligned with national priorities, such as agriculture, digital technology, creative industries, and green energy.
  • Partnerships: Collaborates with organizations like the Youth Enterprise Development Fund and Kenya National Innovation Agency to provide additional resources and support.
  • Monitoring & Evaluation: Businesses are regularly monitored and evaluated to ensure they meet their milestones and objectives, with ongoing support provided as needed.
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