Ministry of Youth and Culture & Partners Launch the Young Entrepreneur’s Resilience Fund
On October 29, 2020, the Ministry of Youth and Culture (MYCULTURE), the United Nations Development Programme, the Korea International Cooperation Agency and other partners launched the Young Entrepreneurs Resilience Fund (the Fund) to support young entrepreneurs whose businesses have been negatively affected by COVID-19 or who have developed an innovation in response to the pandemic.
The 500 million Rwandan Francs fund aims to help young entrepreneurs recover from COVID-19 and to play a role in its prevention. This intervention was initiated based on results from a rapid survey conducted by MYCULTURE to assess the effects of COVID-19 on youth-led businesses. Eligibility criteria includes:
- For existing businesses (which must have been in operation prior to January 2019), business owners must be Rwandan youth living in Rwanda between the ages of 16 and 35
- For new innovations created as a response to COVID-19, business owners must be Rwandan youth living in Rwanda between the ages of 16 and 30
The application deadline is on 18th November 2020.
For more information on the Fund, please visit: https://bit.ly/3mNejGX.
For any questions, please contact (+250) 785270318; info@myculture.gov.rw or (+250) 788235468/785270318; irona1consultants@gmail.com
References: https://bit.ly/3mQGCEG