20 budding young entrepreneurs to put their ideas to the test
After receiving a total number of 63 creative and innovative business plans from youngsters all over the country, Bank Windhoek announced the top 20 finalists of the Bank Windhoek BizzKids competition.
The young aspiring entrepreneurs will put their ideas and skills to the test at the Bank Windhoek BizzKids Market, scheduled to take place on 27 and 28 October, at the Maerua Mall Shopping Centre in Windhoek.
The finalists have been equally divided into two categories for the first time in the history of the competition. One consist of ten scholars between the ages of 8 to 13 years old and the other group comprises of scholars between 14 to 18 years old.
The entrepreneurial competition, designed to help learners realise their business ideas, was established eight years ago and is a platform created for scholars across Namibia, between the ages of 8 and 18.
The judging panel consisted of Bank Windhoek’s emerging small and medium enterprises (ESME) finance branch manager, Mbo Luvindao, marketing and corporate communication services executive officer, Jacquiline Pack, communication practitioner, Suzette January and head of brand marketing, Carmen-Rae Bridgens.
The business plans were judged according to the following criteria: uniqueness of the product or service to be sold, the business plan elements such as the description of the product or service, financial projections, expenses and quantity of the products, business plan and calculation of profits, the motivation to be a BizzKids winner and the overall presentation and impression of the business plan.
“Bank Windhoek would like to thank the schools and everyone that entered the competition. This year, the Bank Windhoek BizzKids Market should not be missed, as it promises to offer great products and services. Congratulations to the selected finalists,” said January.