Mzuzu Entrepreneur Hub – Mzuzu E Hub has challenged young entrepreneurs to incorporate innovation, networking and the use of technology in the Small and Medium Enterprise – SME’s that they own to maximize creativity and market reach.
Speaking during a certificate handover ceremony to 36 incubates under the Business Incubation -Bizcubation and Women in Biz program, Programs Manager for Mzuzu E Hub, Austin Moyo encouraged the graduates to utilize the material acquired during the 6 months’ period to make a difference in their businesses and perfect their business ideas.
“Let me congratulate you all and encourage you to continue working hard in building your enterprises. We have worked with unique and amazing young people this year. I urge you to continue building the networks created through this program, use technology to market and reach your audiences with new and improved services,” explained Moyo
During the ceremony, 10 entrepreneurs under the idea stage, start-up stage and Women in Biz were awarded seed investment funds ranging from K100,000.00 to K1,000,000.00 following a pitching session on investment opportunities for young entrepreneurs under Mzuzu E Hub.
One of the winners under the Idea Stage, Joseph Mphande, who pocketed K1 million said this grant will push the commencement level for his idea to build green houses that will contribute towards production of organic vegetables.
“I have gained a lot and built meaningful networks during my participation in this program. This grant will also be the starting point for my greenhouse,” explained Mphande.
The graduation incubates were in the 3rd Cohort of the Bizcubation program which was divided among the idea stage, early stage and Women in Biz entrepreneurs to enhance understanding in running a business through trainings in Financial Management, Business Modeling, Creating a Pitch Deck, Advertising, Marketing and Story Telling among others.
The Business Incubation – Bizcubation program provides capacity building trainings, mentorship and coaching to entrepreneurs and is under the Digital Malawi project supported by World Bank through the Malawi Government under the Public Private Partnership Commission – PPPC.