DCI encourages young entrepreneurs
(CNS Business): The Department of Commerce and Investment (DCI) is looking for young entrepreneurs between the ages of 15 and 21 to compete in the Business Plan Competition at the Small-Business Expo on Saturday 18 April.
For the competition participants have to formulate a business plan and present their ideas to a panel of judges. Students can showcase their business plans individually or in groups of two. The top three presentations win cash prizes, with first place earning $300, second place $200 and third place taking home $100.
DCI Director Ryan Rajkumarsingh said the competition allows the expo to cultivate an entrepreneurial spirit in Cayman’s youth.
“Owning a business is an unmistakable aspect of Cayman society and undoubtedly, many young people are motivated to be entrepreneurs through family and friends being in business,” Rajkumarsingh said, adding that “the younger generation brings a fresh energy and greater creativity to our local business environment. By showcasing youngsters and their business ideas, we hope to keep the entrepreneurial spirit embedded in Cayman’s future.”
DCI Business Services Officer Thais Ducent said the student competition has been a successful aspect of past events.
“We have staged the competition at previous expos and we’ve been consistently impressed with the ingenuity of the students,” Ducent said. “We look forward to the unique ideas these youngsters will present, in an environment where small- and micro-business owners will exhibit their goods and services to the general public, network with other business owners and learn best practices in a cost-effective manner.”
The Small-Business Expo will be held at the Family Life Centre. The deadline to register for the Business Plan Competition is Thursday 2 April.
Key features of this year’s expo include technical workshops, meetings with accomplished entrepreneurs from the area, followed by a cocktail reception and business-networking event.
For more information on how to enter, contact Ducent at thais.ducent@gov.ky or call 244-2278
Category: Education & Training, Local Business, Small Business, Uncategorized
Hope none of these ideas are stolen from those young people. There are some that are very unscrupulous.