What does this fundraising campaign entail?
The purpose of this fundraising campaign is to provide seed funding for young entrepreneurs in Uganda to start or grow their businesses, and in the process create jobs and reduce youth unemployment. On June 23, 2015, C2iDev project participants will have the opportunity to pitch their business concepts to local and international investors.
YOU will also have the opportunity to be an investor! All funds received will go directly to the winners of the business plan competition, who will be selected by an expert panel of judges from the Ugandan private and public sector, as well as high level officials from international organizations.
Who are we/Connect to Implement (C2I) Team?
We are a group of seven young professionals determined to have a lasting impact in the lives of young people in developing countries (Uganda is just the beginning!). We come from different backgrounds. However, we are all connected by a common goal -- improving the quality of life in marginalized communities around the world. We believe that all people should have equal access to economic opportunity and resources that will empower them to make their ideas and dreams come true. Our names are Frederick Arthur (Ghana), Nisma Elias (Bangladesh), Christian Gonzales (Honduras), Yvonne Kirabo (Uganda), Alejandra Lopez (Colombia) Odoma Ogbadu (Nigeria), and Kerri Whittington (Barbados).
C2iDev’s mission is to empower youth in developing countries to grow their ideas into jobs through training, mentoring, and financing. The overarching goal of C2iDev is to tackle youth unemployment through entrepreneurship, with a special focus on fostering gender and income equality by targeting women and marginalized populations. The first country where the project is being implemented is Uganda, where youth represent 64% of the unemployed and females are twice as likely to be unemployed. Uganda’s annual per capita income is $657 compared to $53,042 in the United States. According to World Bank statistics, 63% of the Ugandan population is living on less than $2 a day.
The first cohort consists of 27 young entrepreneurs between the ages of 18-30, who were selected through a rigorous and highly competitive selection process announced in the local newspapers and social media. Of these, 70% are female and 30% of the candidates are from marginalized communities outside the capital Kampala. Most of the participants already have a business in operation and are looking for expert advice and funding in order to scale it.
How can you help?
Uganda is a great place to invest and a small business can be started for as little as $100. That is why we can honestly tell you that any amount will help. Of course, the bigger the investment, the bigger the impact!
This is a great opportunity to invest in the next generation, contribute to boosting shared prosperity, and work towards a world free of poverty through entrepreneurship and job creation. Project participants are some of the brightest minds in Uganda who have undergone a rigorous training program designed by experts from top development institutions. Through your investment, they will be able to take their businesses to the next level and start having a catalytic effect in their communities.
For more information about C2iDev, please check our website: http://c2idev.org/