East African Science and Technology Commission: The East African Science and Technology Commission (EASTECO) organized a five-day virtual training workshop “Entrepreneurship Skills Training for Creativity and Job Creation” targeting university students in East Africa.
The training was conducted virtually using the EASTECO customized FLOOR platform from Monday, 27th June to Friday, 1st July, 2022.
The objective of the training was to provide skills and entrepreneurship development for creativity and job creation, targeting university students in order to provide them with an opportunity to apply their skills to develop innovative business ideas and also to enable the students to develop entrepreneurial competencies and practical business management skills. Selected participants benefitted from intensive, interactive, hands-on training. In addition, these participants were also able to develop business plans during the training.
The training covered the following topics: Introduction to entrepreneurship; entrepreneurship theories; business skills for entrepreneurship success; business ideas generation, screening and selection; business plan development and practical preparation; business startup process/forms of businesses and introduction to intellectual property law.
The number of participants varied from day to day, but averaged between 60 and 150. Participants were drawn from Burundi, Ethiopia, Kenya, Malawi, Rwanda, South Sudan, Taiwan, Tanzania, Togo and Uganda. The training was facilitated by a consultant from Capital Strategies Ltd.
The participants appreciated the efforts and support by EASTECO in planning the training program, which would enable them to develop their own business plans and also use the skills gained to generate income through training others. The current cohort of participants took up the hashtag #businessplanchallenge# resulting in 52 business plans. They understood the process of identifying business ideas and screening the ideas that were most viable using tools such as SWOT and field analysis, and developed cash flow projections, balance sheets, and profit and loss statements.
For more information on this, please contact:
Mr. Fortunate Muyambi
Deputy Executive Secretary
East African Science & Technology Commission
Tel: +256 772 538169