How To Apply For MbeleNaBiz Business Plan Competition

The MbeleNaBiz Business Plan Competition (“MbeleNaBiz”) is an initiative of the Government of Kenya, under the Kenya Youth Employment and Opportunities Project (KYEOP).

It aims to expand new and existing youth-led enterprises by providing them with grant funding and in some cases business plan training. MbeleNaBiz is implemented by the Micro and Small Enterprises Authority (MSEA) and the Ministry of Public Service, Youth and Gender Affairs (MPYG), with support from the World Bank. KPMG has been contracted to manage the Competition

MbeleNaBiz seeks to create jobs and increase income for young men and women. The government of Kenya recognises the need for job creation to address the challenge of youth unemployment in Kenya. By investing in young entrepreneurs whose ventures will generate employment opportunities and earnings for unemployed youth, the Competition will contribute to the development of an inclusive economy that provides opportunities for as many Kenyans as possible

The Competition aims to support new and existing youth-led enterprises in Kenya with potential for job creation among youth.

The competition began on June 24th 2019 and shall run through to September 2nd 2019. On November 2019 the shortlisted applicants will receive training in business plan preparation while on

February 2020, there shall be a Public Announcement of Winners and first disbursements of awards.

Eligibility
The competition invites applications from new and existing businesses that:
Are led by youth: Businesses that harness the creativity of young people in Kenya.
Will create jobs for youth: Businesses that demonstrate the potential to create employment for young women and men in Kenya.
Have high growth potential: Businesses should demonstrate commercial viability.
Geography: The business must operate in Kenya.

Requirements
The lead applicant and majority (at least 70%) of the shareholders must be aged between 18 and 35 at the time of application.
The lead applicant must have completed a minimum of Form 4 qualification or equivalent.
The lead applicant must be a Kenyan national. Kenyans living abroad are eligible to apply but will need to demonstrate that they will live and operate the business in Kenya should their application be successful.
The business must operate in Kenya.

Application Process
1.Online application can be done by visiting the application page on www.mbelenabiz.go.ke or
2.Paper application by submitting a paper application form through a Youth Development Officer, a listed partner, or by attending one of the MbeleNabiz workshops

Review Process
Applications will be reviewed by the MbeleNaBiz business plan Competition’s Manager, KPMG and an independent panel of judges who are required to sign confidentiality agreements to ensure your business idea is kept safe. Business ideas are not shared with any outside parties or with other applicants.

Awards
A total of 750 successful applications will be notified and be awarded either Ksh 900,000 or Ksh 3,600,000. Some applicants will also have the opportunity to receive training in business plan preparation. Note that successful applicants may need to travel at their own cost to training venues or to MbeleNaBiz events.

Contacts

E-Mail :[email protected]
Website :www.mbelenabiz.go.ke
Tel :+254 709 576 464

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