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Home»Entrepreneurship»Young Entrepreneurs Succeed in Timor-Leste Business Plan Competition
Entrepreneurship

Young Entrepreneurs Succeed in Timor-Leste Business Plan Competition

prosperplanetpulse.comBy prosperplanetpulse.comJuly 17, 2024No Comments3 Mins Read0 Views
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Timor-Leste’s Career Day concluded with the awarding of three business ideas to entrepreneurs to support young entrepreneurs in Timor-Leste’s hospitality and tourism sector.

The three winners of the Timor-Leste business plan contest take a commemorative photo
© Ahn Hee-jin/ILO
The three winners of the Timor-Leste business plan contest pose for a commemorative photo.

The event, organized by the International Labor Organization (ILO) in partnership with the HOTL Association, Pro Ema and Fundacao Cicanda (STVJ), aims to help aspiring and existing entrepreneurs acquire practical knowledge and skills on start-ups and business development, and connect with key actors in the entrepreneurial ecosystem, including investors, partners and business development service providers.

The 12 finalists of the business plan competition presented their ideas in front of the jury and the audience. The finalists participated in a three-day training organized by the ILO, STVJ and Pro Ema from 27-29 May 2024 to develop and refine their business plans using a selection module of the Small and Medium Enterprise Competitiveness (SBC) programme. The SBC programme provides guidance to companies and aspiring entrepreneurs in the hospitality and tourism sector.

The event featured a career talk from the entrepreneur, who shared her entrepreneurial journey of turning her passion for nutrition, health and food science into a sustainable business. She offered valuable insights and advice to aspiring young people aspiring to become entrepreneurs. A representative from BNCTL provided young people with information on financing, both working capital and investment, Pro Ema on mentoring and training opportunities and the HOTL association at a side booth explaining the benefits of membership.

One participant said, “This business plan competition has motivated me to keep learning and achieve my goals.”

“HOTL Association looks forward to continuing to work with the ILO to build a strong, sustainable and thriving hospitality and tourism sector in Timor-Leste,” said a representative of HOTL Association.

The event was attended by over 60 participants including representatives from the public sector, private sector, training institutions and the Embassy of Japan in Timor-Leste.

The event was part of the Building Youth Capacities and Networks in Asia Pacific project funded by the Government of Japan, which aims to build a network of development partners to equip young entrepreneurs with the skills they need to start their own businesses and become drivers of sustainable development. The project activities focus on promoting youth employment and decent job opportunities in Timor-Leste’s hospitality and tourism sector.

/Public Release. This material from the originating organization/author may be out of date and has been edited for clarity, style and length. Mirage.News does not take any organizational stance or position and all views, positions and conclusions expressed here are solely those of the authors. Read the full article here.



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