By Theckla Gunga – EM TV, Port Moresby
A business plan competition will jointly be launched on Friday 5 December, by the United Nations Development Program (UNDP), the Kumul Foundation and the Australian government in Port Moresby.
The new plan, known as the Kumuls Game Changer’s Initiative will be launched with the aim of identifying, training and resourcing emerging entrepreneurs in the nation.
“The Kumul Game Changers Initiative is a development sector initiative to unleash creative private sector solutions for PNG’s development challenges”.
The launch will kick off the first phase of the competition and provide entrepreneurs with ideas and existing business plans to submit applications that will demonstrate the financial viability and the social impacts of their enterprises.
From the first phase, 40 would-be entrepreneurs will be short listed in March next year to undergo an intensive residential entrepreneurship start-up boot camp in Port Moresby.
This will be done in partnership with Kumul Game Changer’s Initiative and IBBM.
Speakers at the launching include Minister for Trade and Commerce Industry, Richard Maru, UNDP Resident Representative Roy Trived, the Australian High Commissioner to Papua New Guinea, Ms Deborah Stokes and Anthony Smare founder and chairman of leadership organisation, Kumul Foundation.