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BiD Challenge

Why Join the BiD Challenge Tanzania?

  • Retail

    Retail

The Business in Development (BiD) Challenge stimulates entrepreneurs in developing countries to create and expand their business. We believe this is a very direct way to improve living standards; it generates jobs, income and spurs the local economy.

WHY Join the BiD Challenge?

Entrepreneurs:

  1. To gain EXPOSURE. Make your plan visible in the BiD Network.
  2. To win PRIZE MONEY, a total of €240,000 is available this year!
  3. To get access to INVESTORS that can help finance your plan.
  4. To gain access to PROFESSIONAL FEEDBACK and coaching as well as to useful templates.


Companies & NGOs:

The opportunity to share the competence and expertise network of your organisation with thousands of entrepreneurs in developing countries. Engage your employees, invest in SMEs and get a network, market insight and possible return on investment.

Professionals:

The opportunity to make a difference by sharing your business expertise with entrepreneurs as a coach, screener or jury member. Enjoy a wonderful experience, broaden your market insights and possibly get a stake in a change-making business.

Why did we start the Challenge?

The backbone of any economy is the private sector. Today almost everyone agrees that stimulating private sector growth is one of the keys to economic development and poverty reduction. Not only does the private sector generate jobs and income. It also spurs innovation and stimulates transfer of wealth, knowledge and skills.

In July 2003, the UN Secretary General Mr. Kofi Annan had two basic questions:

  1. How can the potential of the private sector and entrepreneurship be unleashed in developing countries?
  2. And how can the existing private sector be engaged in meeting that challenge?

Our challenge is not only to answer those questions, but to unleash the entrepreneurship itself.

The BiD Challenge was initiated by the NCDO in 2004. It is now one of the core activities of the BiD Network foundation.

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