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| Friday, 23 April 2004 |
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Young Business start-up Awards 2004 : Outstanding Lankan MSME entrepreneurs to be rewarded Shell LiveWIRE launched the Young Business Start-up Awards (YBSA) for the fifth consecutive year recently. The YBSA 2004 is targeted at start-up businessmen in the Micro and Small Enterprise Sector (MSME) in Sri Lanka. Rs. 400,000 in prizes will be on offer at this year's Young Business Start-up Awards ceremony, with the finalists receiving substantial cash prizes, publicity and vital networking business links. The YBSA 2004 will have three regional heats, conducted in July, which precede the national finals in September later this year. "In an effort to make the competition more accessible to rural based entrepreneurs and to encourage greater regional representation from all nine provinces in the country the three regional heats will be held in the Galle, Anuradhapura and Ratnapura districts this year," said Michael de Soyza, Project Manager for Shell LiveWIRE. The awards for 2004 also include the Northern and Eastern provinces of the island for the first time. The Chambers of Commerce in Jaffna and Vavuniya are working closely with Shell LiveWIRE to disseminate information to potential applicants in these areas. Pathmathanesh, the CEO of the Vavuniya Chamber of Commerce said: "We are very pleased to be a part of the YBSA 2004, and we are looking forward to sending as many applications as we can from the Vanni." The Young Business Start-up Awards program aims to recognise the achievements of young people aged between 16 and 32 years who have been in business for not less than three months but not exceeding two years. All legal businesses are eligible to apply for the awards scheme. To be considered for the awards applicants have to produce a business plan that will include a summary of the business, an analysis of the market the business has entered, a marketing plan, details of costing and pricing, a cash flow statement and a profit and loss account. Detailed guidelines on how to produce a business plan are available through Shell LiveWIRE. All business partners (if any) must also comply with the specified age requirement and a photocopy of the applicant's national identification must accompany the business plan. Applications for the Shell LiveWIRE Young Business Start-up Awards 2004 are available from the Shell LiveWIRE Trust, R. A. De Mel Mawatha, Colombo 3, the Chambers of Commerce in Jaffna Moneragala, Vavuniya, Trincomalee, Sabaragamuwa and Hambanthota, all branches of the sabaragamuwa Development Bank, including the districts of Ratnapura, Kalutara, Colombo and Kegalle. The Sarvodaya Economic Enterprise Development Services (SEEDS) head-office and selected branches, Business Creations Ltd Tangalle, the Public Library Col 7, The International Centre for the Training of Rural Leaders in Embilipitiya, The Business Development Centre - Colombo 2, and The Centre for Professional Services Development - Colombo 7. The closing date for submission of business plans is May 14. |
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