Rwanda has been touted as one of the easiest places to do business. Last year, World Bank ranked Rwanda 29th globally in the ease of doing business, maintaining its second position in Africa.
However, starting a new business can be as terrifying as it is exciting. Startups at given time can come up against a number of common challenges.
Some youth are not entrepreneurs, they are looking for too much profit at one ago, which is impossible. Other youth engaged in business do not take time to do market research starting a business while some lack basic skills like customer care.
Envisage youth Agribusiness Incubator comes as a great solution to the young entrepreneurs in Rwanda to accelerate the sustainable growth of Rwandan startups especially in the agricultural industry. In order to produce strong and successful companies that can leave the incubator financially viable and freestanding. The graduates innovate the agricultural industry, create jobs and strengthen the Rwandan economy.
On 26 November 2019 the University of Rwanda’s College of Agriculture and Veterinary Medicine (UR-CAVM) in partnership with Envisage youth Agribusiness Incubator, Rwanda Youth in Agribusiness Forum (RYAF) and USAID Project HINGA WEZE launched new incubation center to help agriculture startup to turn them into sustainable business.
Speaking at the event Guillaume Nyagatare the acting principal of UR-CAVM said the program was in line with the university’s mandate to graduate students who create jobs instead of seeking them stressing that “the programme will accelerate the country’s agriculture growth “
Patrice Habinshuti, RYAF Capacity Building Manager, said that the incubator programme will equip youth with relevant knowledge and other incentives for their respective businesses to thrives.
“For a business to flourish one needs to be knowledgeable about that. Office space internet and other requirements normally hurt local startups, but with our business incubation centre, that will not be the cases as the centres have technicians to assist young entrepreneurs free of charge until their businesses grow, he said’
Habinshuti added that the young entrepreneurs will be linked to banks and other financial institutions and will also be facilitated to acquire standard certificates for their respective businesses and products.
He went on to say that the programme is inclusive even for those who never enrolled in university revealing that the plan is to have a business incubation centre in every district.
The Program was officially inaugurated by Hon Gerardine Mukeshimana, Minister of Agriculture and Animal Resources on August 30th, 2019
Envisage Youth Agribusiness Incubator is a flagship project powered by a collaborative consortium of partners from both Rwanda and Finland; namely: Rwanda Youth in Agribusiness Forum (RYAF), Rwanda Business Development Fund (BDF), Local Universities (starting from Christian University of Rwanda, then University of Rwanda and University of Kibungo) – from Rwanda; as well as Hanken Entrepreneurship Society & Hanken Business Lab of Hanken School of Economics, University of Helsinki, and other top notch business incubators – from Finland.
From RYAF Communication Team