Nema’s- P2RS launches 6 months Start-up Incubator programme for 30 youths

Monday, May 21, 2018

The National Agricultural Land and Water Management Development Project (Nema) under its African Development Bank’s P2RS-Building Resilience project, 15th May 2018 launched a six (6) months Start-Up Incubator/Accelerator programme for over 30 selected youths.

The programme will be facilitated by the Start-Up Incubator Gambia, an experienced Service Provider in this field.

Speaking at the launching, Momodou L. Gassama, Nema/P2RS project director said that the incubation programme is geared towards creating profitable and sustainable businesses for our young people in this country.

Mr. Gassama stated that the project is designed to support women and youths while expressing his profound gratitude to Startup Incubator for the partnership and called on the selected young entrepreneurs to take the programme seriously.

“We designed this programme – the first of its kind in agricultural projects - because, there is need for sustainable agricultural enterprises that can be run by young people and we want to create more youth enterprises and that can be possible through this programme.”

He further went on and called on the young Agripreneurs to also become service providers in different domains in the agricultural value chain whilst in their entrepreneurial journey.

Also speaking, the Nema/P2RS business development officer, Banky Njie, in his opening remarks as chairman of the event, said a Start-Up Incubator is designed to help entrepreneurs to solve some of their problems commonly associated with running a start-up business by providing workspace, seed funding, mentoring, coaching and training.

The sole purpose of a start-up incubation programme, he explained, is to help entrepreneurs grow their business.

 “You will be pleased that there is some amount of seed capital attached to this program,” Mr Njie told the participants, adding, “You will receive financial assistance in either cash, kind or mixture of both, provided you abide to the terms and conditions of the tripartite agreement that you have all signed.”

Within the six months, the business development officer informed the gathering that their business plans will be perfected with guidance from SIG and based on their achieved milestones, they will qualify to receive the disbursements in not more than 3 installments for use in the setting up and operationalisation of their businesses.

 “Jobs for youth in Africa is simply about strategically creating millions of jobs and investing in our youth today, to ensure that tomorrow, a dynamic and prosperous Africa becomes a reality”, he concluded, while encouraging them that they will surely fulfill their entrepreneurial journey, if they stick to the game plan..

Alieu Jallow, project manager Start-Up Incubator, thanked Nema- P2RS for signing a six months contract with his office to implement the programme.

He assured the P2RS project that his team will successfully implement the programme within the timeframe, after giving an overview of the programme and the implementation plan.

The participants where then handed their signed Memorandum of Understanding (MoU) that outlines the terms of engagement, including the qualification for the financial assistance - seed funding.

The launching was graced by the deputy PS, Ministry of Youth and Sports, senior members of the Nema/P2RS and consultants and board members of Start-Up Incubator (Gambia), GYIN Gambia among others.