The program ended with a Demonstration Day held in Port Moresby on last week Friday, 9 December 2022.
Women entrepreneurs successfully participated in a six-week business acceleration program aimed to enhance skills and knowledge necessary to strengthen and refine their business ideas, models, planning, and execution.
The women-owned and led MSMEs participating in the accelerator program were given the opportunity to give their culminating pitch at the end of the EAP.
Women also displayed their skills and knowledge on what they gained from the business accelerator course through a business idea presentation in front of a private sector evaluation panel.
City Pharmacy Limited Group CEO, Navin Raju and National Development Bank Marketing Manager, Mataria Rupa Tau led the panel.
UNDP Resident Representative, Dirk Wagener, stated that; “It is our hope that the women entrepreneurs will benefit from this multifaceted program through education, mentorship, and networking opportunities that will help accelerate their business ideas and skills.
“This is an important initiative to improve and increase the economic empowerment opportunities for women entrepreneurs with skills including digital, financial, and business development to position them to grow and succeed.”
UNDP presented the top three women entrepreneurs with seed capital for their businesses at a total of K10,000.
The top prize of K6,000 was awarded to Phyomas Therapy; and K4,000 respectively to the second and third runner ups, Margaret’s Kitchen Services Ltd and Jamali Decorations.
All of the women entrepreneurs benefitted from the formalization of their businesses and were also awarded with smaller seed capital injections.
The Entrepreneur Accelerator Programme is part of the UNDP’s Rapid Finance Facility project and is focused on financial inclusion, access to finance and digital financial services for women entrepreneurs and women-owned and led MSMEs.
The project has so far trained over 6,700 women entrepreneurs in financial literacy, and 4,000 women in business development and digital literacy skills.
Credit: Source link
