Vodacom and Innovator Trust have established the Youth Entrepreneurship Programme (YEP), aimed at equipping local unemployed youth with the requisite set of skills to become cutting–edge entrepreneurs. The tailor-made youth entrepreneurial programme aims to drive innovations and create job opportunities that could bring significant changes to the local economy.
As part of the programmes launch, Vodacom and Innovator Trust have offered 10 unemployed youth, based in Gauteng, who graduated from the Vodacom Academy Programme a spot in the programme. During the period of six months, the qualifying youth will receive business training from experienced facilitators and gain insight into business acumen.
With the unemployment rate for under 25s at 67.4%, showing that two out of three South Africans aged 18 to 28 are unemployed. Vodacom as a company with strong local roots and in partnership with Innovator Trust, has put up this programme in response to government’s efforts to curb the rising unemployment rate among young people.
YEP will relate to the overall business development support required for 10 Vodacom Academy graduates by supporting them with developing their business idea, business model, business plan and other business development areas. In turn the graduates will increase their potential of becoming an entrepreneur, thus also increasing their prospect of qualifying for a Full Business Incubation Programme.
The programme will include courses such as Pitching and Presentation Skills, Business Development, Marketing, Creating a Business Plan, Due Diligence and Compliance including CIPRO Requirements, Basics of Labour Law, New Companies Act/BEE, HR Management, and Financial Management, to mention a few.
The larger intent of the programme is to support emerging entrepreneurs within the ICT sector.