From 2nd to 10th March 2020 at UR CAVM in Musanze district RYAF in partnership with USAID Hingaweze and UR-CAVM has started ten days training of 80youths with business start-ups and others with business ideas to equip them with Business planning and fundraising skills.
The first day of the training Mr. Roy Ryniker (trainer), embarked on training that covers business planning and fundraising skills as most of them had limited understandings to the topic, the second day of training, young entrepreneurs, were trained on focusing on market and Target customers, customer profiles, Potential customer segments Narrowing tour target market.
During the training Young entrepreneurs had the opportunity to interact with Jehiel Oliver CEO and founder of Hello Tractor via Skype asking him various questions about their projects and trainees were briefed on handling some problems facing their projects.
In closing the training young entrepreneurs made a presentation of their projects (project pitching) where the best five projects were awarded a cash prize to support their project, Twiyubakire Aheza Group Ltd awarded as the best projects from Busogo campus the second project was Igire Rwanda from Nyagatare campus the third was Indintambwe feeds from Busogo campus, fourth project awarded was Nyuzuza coffee Drink from Busogo and the health bread from Busogo campus merged the fifth. The cash prizes of one million were shared to the winners of the projects pitching and were shared as 300,000, 250,000, 200,000, 150,000 and 100,000 rwf respectively.
The objectives of training were to train youths from the College of Agriculture Animal Science and Veterinary Medicine (UR- CAVM) youth in agribusiness focusing on Business planning and fundraising proposal, Review youth business proposals and provide coaching, which will help improve their pitching skills and to connect youth with business start-ups and or business ideas with potential funders mainly financial institutions.
Rwanda is a nation whose people’s livelihood depends on agriculture – a sector that contributes 33% to the national GPD and more than 70% of the jobs; RYAF in partnership with UR-CAVM recognize the role of graduates in Rwanda’s overall transformation agenda and are committed to equip students to spur students’ agripreneurship and innovations while they are on campus. In this perspective, RYAF and UR-CAVM recently started a vibrant student-led Startup to nurture student’s consideration of agripreneurship as their career orientation.
RYAF and UR-CAVM signed a memorandum of understanding to mainly incubate students among many other partnership areas and through that the two institutions launched a campus-based Youth Agribusiness Incubation Program backed by partnership with USAID-Hinga Weze.
All these initiatives ensure that student generate innovative ideas, develop them into campus-based agribusiness ventures, and pulls the necessary support to sustain those ventures into sustainable student-led agribusiness enterprises. On the other hand, despite these efforts, the gap of skills and expertise in business development is remarkable.
From RYAF Communication Team