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OVER 70 APPLICATIONS SO FAR

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MBABANE - The Global Entrepreneurship World Cup is generating a huge interest locally.


An opportunity has been availed for local entrepreneurs to compete in the second edition of the Entrepreneurship World Cup (EWC) worth a total of US$1 million (about E16.4 million in yesterday’s exchange rate) in cash prizes.
This global competition elevates entrepreneurs from all levels from idea to early and growth stages by providing them with tools and resources to grow their ventures.


Yesterday during the launch of the local competition that will determine the national representative in the global competition Junior Achievement Acting Executive Director Phetsile Masilela disclosed that there were at least 75 local applicants for the competition by Tuesday.
“We are going to have a national competition on August 26, 2020, where the top three winners will be announced and supported with massive prizes,” said Masilela.


 Minister of Commerce, Industry and Trade Senator Manqoba Khumalo was a guest in yesterday’s festivities held at the Youth Enterprise Revolving Fund offices in Mbabane yesterday.
JA Eswatini is the official national organiser for the competition in the country, working collaboratively with the Global Entrepreneurship Network (GEN) Eswatini. 


Applications


The latter was also represented in yesterday’s event. All applications are conducted online through the Entrepreneurship World Cup website (https://entrepreneurshipworldcup.com).
JA is running a local competition for all participants and the winner will then represent the country at the global event.


There is a criterion of those who wish to enter and this can be found on the registration form. These young people should at least be seven years in business.
There are no specific categories and the ages are 18 to 35.The application is done online and the deadline is on August 25, 2020 for the local competition so the winner can be able to register for the international event.


The winning local business will join other global finalists in the next round called Accelerate 2, which is a combination of virtual training sessions and direct, one-to-one mentorship to prepare them for the global finals to be held in Riyadh, Saudi Arabia.


The competition is open to new ideas and any startup businesses with less than seven years of existence by the date of the global finals scheduled for October 2020. Local applicants must have legally registered or planning to register their businesses in Eswatini to be eligible.

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