MTN in partnership with Inkomoko announced the six finalists of Level Up Your Biz

Author: InyaRwanda
On:27/11/2023 15:01
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MTN Rwanda and Inkomoko Entrepreneur Development have announced the six finalists to undergo incubation in the annual Level Up Your Biz Initiative.

The program aims to empower young entrepreneurs, with a particular focus on providing essential skills and knowledge to youth-led businesses.

In this season, the initiative has expanded into 3 different cohorts, focusing on Startups, Youth-Led SMEs and MTN Agents, demonstrating a commitment to fostering the growth of a broader range of youth-led enterprises in Rwanda.

The expanded Level Up Your Biz initiative will run for a period of one year, with the first cohort dedicated to Startups, having commenced on 5 October 2023.

The first phase involved vetting startup applicants, resulting in the selection of six finalists who will undergo a three-month incubation period.

During this time, the entrepreneurs will receive business acumen training, mentorship, digital skills training and the opportunity to promote their businesses through MTN Rwanda's extensive network of customers and partners.

The six finalists are diverse, representing various sectors:

1.Ingoga Auto Ltd: A retail business selling car spare parts online, offering delivery services, and providing car repair services.

2.Cover Soko Ltd: A financial service business facilitating quick and easy quotation, customization, and purchase of motor insurance packages through their website.

3.Inzora Agrotourism: A tourism/agricultural company offering Farm Tours (Agrotourism) to provide tourists with an enriching and educational experience while benefiting local communities and promoting sustainable farming practices.

4.Urugero Fashions Ltd: A fashion-based industry producing made-in-Rwanda clothing and selling it online through their Instagram account.

5.Examira Group Ltd: A tech business with an app and website providing access to past papers, online courses, quizzes, and mock exams for Rwandan students.

6.       Rainbow Health Food Ltd: An agro-processing business producing high-quality baby porridge from cereals to fight against malnutrition and stunting in children under the age of five.

Saint Hilary Doe-Tamakloe, MTN Rwanda Chief Consumer and Digital Officer, emphasized the company's commitment to empowering the youth and cultivating a generation of leaders driving positive change in Rwanda. He highlighted the innovation, resilience, and dedication of the finalists as exemplary of the entrepreneurial spirit that comes with running a successful Start-up business.

During the incubation period, the six entrepreneurs will present their business plans to a panel of judges, with the top three receiving a prize of Rwf 2,500,000, and the other three finalists receiving Rwf 1,000,000 each.

MTN Rwanda's commitment to community upliftment is evident through initiatives like "Level Up Your Biz." 

The company believes that by investing in the potential of youth in Rwanda and supporting diverse business sectors, they are contributing to the overall development of the community and sowing the seeds for a prosperous future.  

MTN Rwanda in partnership with Inkomoko announced the six finalists to undergo incubation in annual Level Up Your Biz Initiative for Startups