The project will create 20 SMEs that will create jobs for 80 or more unemployed graduates, to reduce the annual figure of 79,000 unemployed graduates. The outcome is a domino effect of more youth going into business, encouraged by peer success and support from this project. Participants will have access to Internet, office and business space, equipment, supplies and requisite capacity building, mentoring and counseling, to ensure success in their chosen business idea.
Graduates are trained for corporate jobs instead of entrepreneurship.Tertiary graduates produced yearly: 83,000. Graduates employed yearly: 5.000. Number of unemployed tertiary graduates is now well over 279,000. Graduate unemployment creates poverty leading to stress, depression, broken homes, homelessness, drug and alcohol abuse, fraud, crime and social unrest. Unemployment affects the welfare, health, productivity and purchasing power of the graduate, parents, siblings, community and country
Youth SMEs will employ unemployed youth and reduce unemployment faster. Providing free, shared office space, access to computers, Internet, business space, office tools and consumables as well as regular mentoring and counseling, is cost-effective and engenders peer sharing, networking and partnerships among participants. It allows participants to focus on successful business development instead of overheads and the next meal. It reduces unemployment and its associated socioeconomic disorders.
Domino effect of more unemployed youth starting their own business. Increase in number of jobs available to unemployed graduates due to growth in existing SMEs and annual creation of more SMEs, engendering policies and more support for graduate SMEs, effecting requisite changes in syllabi in tertiary institutions and increasing confidence of donors to support more graduate SMEs due to proven success. Availability of concepts and lessons learnt for more NGOs & Angels to support graduate business.
Total Funding Received to Date: $0
Remaining Goal to be Funded: $51,800
Total Funding Goal: $51,800
This project has provided additional documentation in a PDF file (projdoc.pdf).