Why Join the Kenya BiD Challenge?

WHY Join the BiD Challenge?

For Entrepreneurs:

Get inspired, create your business plan and get started!
Advantages for entrepreneurs include:

1. A trip to the Netherlands & up to Ksh 1 million for the first prize winner.
2. A trip to the Netherlands and Ksh 750,000 in prize money for the second prize winner and Ksh 500,000 for the third prize winner.
3. The 1st or 2nd prize winner stands a chance to win an additional Ksh 1.8 million in the Netherlands.
4. Professional coaching to help develop comprehensive business plans for the top 25 business plans selected.
5. Exposure to a network of potential local and international investors for qualifying business plans that require between Ksh. 500,000 to Ksh. 35,000,000 in capital investment.
6. Promote your business plan and share experiences right here in the Business in Development (BiD) Network: the first online marketplace supporting Small and Medium Enterprises in developing countries.
7. Professional feedback from local and international experts on your business ideas.
8. Access to SME Business planning toolkits available here.

click here to join the Kenya BiD Challenge

For Companies & NGOs:
The opportunity to share the competence and expertise of your organization with thousands of entrepreneurs in developing countries can be very motivating to staff. By engaging your employees, your organization can invest in SMEs, network with other in the industry, get market insight and possible return on investment.

For Professionals:
The opportunity to make a difference by sharing your professional expertise by either screening plans and/or coaching an entrepreneur can be a great reward in itself. It will help you broaden your market insights and possibly give you the opportunity to make a change in the entrepreneurs business. If you want to find out what you can do, click here click here

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.

click here to join the Kenya BiD Challenge

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