Av. Marginal 12 de Julho, perto dos Correios
+239 2223024
geral@empreendedorismostp.st
Young Entrepreneur Program
This is a joint initiative between the United Nations Development Program - UNDP and the Ministry of Youth, Sports and Entrepreneurship, aimed at supporting the private sector, creating jobs and, through this, improving the family economies of all those involved, both entrepreneurs and those working in the companies it is intended to support. This project aims to develop the entrepreneurial ecosystem of São Tomé and Príncipe through an instrument platform through incubators, which are spaces where there will be means and personnel available to work with entrepreneurs both in the development of their ideas and in the monitoring of business.
The services provided by the incubators will include training and mentoring actions so that the entrepreneurs' capacities are progressively increased and, after some time, they are prepared to face the challenges of running a company. The incubators will monitor the benefited entrepreneurs during the period of development and implementation of the business. The main objective of this Program is the promotion of youth entrepreneurship and the creation of youth employment.
This Contest aims to train and support new entrepreneurs with business ideas to implement in São Tomé and Príncipe. It has an allocation of 150,000 USD with the following distribution of funding prizes: 26 projects with a maximum of 5,000 USD in prize money, and 20,000 USD to be divided by the most innovative projects, a maximum of 6.
This fund is intended to support São Tomé and Príncipe companies and other organizations with projects in the field of tourism and associated industries. The main objective is to support the resumption of business in the tourism area and to promote the appearance of new projects in this area developed by existing companies.
The 1st Financing Round was carried out through the Innovation Contest - Investment Fund Response to Pandemic COVID19, with the participation of 48 applications and among which 16 were selected and awarded for the implementation phase.
