Umsobomvu Youth Fund, Assisting young entrepreneurs
The Umsobomvu Youth Fund is a South African government initiative setup in 2001, that aims to assist Youth Entrepreneurs with the setup of businesses, promoting entrepreneurship, job creation, skills development and skills transfer among South Africans between the ages of 18 and 35. The youth fund offers several programmes to meet these requirements.
Umsobomvu offers training in Entrepreneurship, Life Skills , School to work training as well as mentorship programmes. They offer micro-loans as well as funding for businesses that meet the requirements. In addition they offer business consulting and business support services via the Business consulting Services Voucher programme, to help you to create a brand new business or improve and grow your existing business. The fund sponsors and picks up the costs of these services. Example of services offered:
- Accounting
- Branding & Design of business forms
- Business feasibility
- Business Plans
- Expansion Plans
- Business Improvement Plans
- Growth Plan
- Marketing Plans
- Web Based Marketing
Most major city centres have a regional office for registration. Visit the Umsobomvu Products & Services page to download the neccessary forms
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