The Best 100 finalists in the Chase Bank Enablis ILO Business Plan competition are attending a boot camp at the Inoorero University to enhance their entrepreneurial abilities. This is in preparation to the announcement of this year’s business plan competition winners which will be done at a winners’ gala on Friday 28thOctober at the Sarova Stanley Hotel. Winners in the 7 categories will walk away with a total of Kshs. 3.5 million in prize money as seed capital for their businesses. All the finalists will walk away with Chase Bank accounts and business development support from both Enablis and the International Labour Organization (ILO).
This year, the business plan writing contest received a record 405 entries – an increase from the 300 entries in 2010. The Best 100 business plans were selected during an initial two-stage evaluation and judging process conducted by judging panels from Inoorero University and Chase Bank.
[pullquote] Now on its third year, The Chase Bank Enablis ILO Business Launchpad is an initiative of the Enablis Entrepreneurial Network East Africa with support from Chase Bank, International Labour Organization, (ILO) Inoorero University, International Labour Organization (ILO), Safaricom Foundation, The Kenya ICT Board, Rhino Special Products and MobiKash Limited.[/pullquote]
Prior to submitting entries, 2734 prospective entrants from 20 counties across the country underwent intensive training, facilitated by Inoorero University, to help equip the emerging entrepreneurs with the best entrepreneurial strategies and tips on how to write business plans and approach banks with fundable business plans.
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