The Youth Entrepreneurship Facility (YEF) enables African Youth to turn
their energy and ideas into business opportunities to increase their income and
create decent work for themselves and others. It
is an initiative by the Africa Commission, implemented by the Youth Employment
Network (YEN), and the International Labour Organization (ILO).
Objectives
- The Youth-to-Youth Fund component of the Facility offers local youth-led organizations an opportunity to actively participate in the development of youth entrepreneurship in their communities.
- It supports small-scale youth entrepreneurship development projects implemented by youth-led organizations.
- The Youth-to-Youth Fund was created as a mechanism to identify, test and promote innovative entrepreneurship solutions to youth employment challenges.
This
goal is accomplished through a competitive grant scheme for youth-led organizations
to propose innovative project ideas on how to create entrepreneurship and
business opportunities for their peers.
The
organizations with the most innovative project ideas receive a grant and
complementary capacity building to help them implement their projects and test
the viability of their ideas. The
scheme is implemented simultaneously in Kenya, Tanzania and Uganda.
Through
the YEN/ILO Youth Entrepreneurship Facility (YEF), the Youth-to-Youth (Y2Y)
Fund is inviting applications for its newly launched Y2Y Replication Fund
Scheme. The
Y2Y Replication Fund for Entrepreneurship Promotion will accept applications
from officially registered non-governmental, non-partisan and not-for-profit
youth-led organizations to replicate the most successful of the formerly
implemented Y2Y Fund projects.
The
Replication Fund is part of the YEF's effort to promote the proven
entrepreneurship development projects identified and tested through the
original Y2Y Fund, to enable as many youth as possible to benefit from these
successful models to creating self-employment opportunities. Proposals
should focus on innovative and context specific ways for the youth-led
organizations to replicate one of the 14 original Y2Y Fund ideas with the aim
of empowering and enabling young people to establish and improve their
businesses.
The
original project ideas to be replicated have been posted in the YEN Marketplace
website for the youth-led organizations to review.
For more information and application details please Follow Link To Visit Youth Employment Network Website
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