Ugandan entrepreneurs to compete for grant at Startit 360

Ugandan entrepreneurs to compete for grant at Startit 360

The two organizations are now preparing a workshop called Startit 360, where an entrepreneur or innovator with the best project will win a grant of US$500 (about Shs2 million). [Image credit: Joshua Daaki for The Hangout Foundation]

Despite being one of the most entrepreneurial countries in the world, startups in Uganda struggle to raise capital and some die a few years into business.

Against this backdrop, two organizations: The Growth Office and Hangout Foundation, are putting resources together to address some of the challenges these startups face in their initial stages.

The Growth Office is an online digital marketing agency while the Hangout Foundation is an organization started by Ugandan youths to empower young people through workshops, training and community networking events.

The two organizations are now preparing a workshop called Startit 360, where an entrepreneur or innovator with the best project will win a grant of US$500 (about Shs2 million).

Startit360 will be hosted at Forever Resort in Jinja on December 8, 2018. The organizers are yet to unveil the speakers at the event but they promised to give us details soon.

“We will bring together a network of valuable creative minds in business and inspiring speakers to share business development and marketing strategies with start-ups, and freelancers. We shall also put emphasis on creating sustainable and relevant networks for business owners and co-owners,” says Joshua Daaki, founder of Hangout Foundation.

Must read: Why Ugandan startups fail

In the run up to the event, a platform has been created where entrepreneurs and startups interested in the grant can apply from.

The grant will support the winning project in digital marketing and establishing a strong online presence.

According to a joint statement by the two organizations, Startit 360 will majorly focus on three aspects;

Startups will learn tested strategies and experienced trainers at the event will tip them on how they “can start with a higher edge.”

The speakers at the event will also help startups prepare for the challenges ahead of the journey.

The entrepreneurs will also get a deeper understanding on how to optimize the little resources they have to be more productive.

“We believe this platform is the future of Uganda’s entrepreneurial status moving away from what it has been branded by GEM reports to new statistics; helping creative thinkers, co-founders and freelancers who are looking at developing strong brands start with a higher edge,” Daaki said.