2017 creates the best prerequisites of a startup and converting ideas into enterpreneurial reality, as the largest youth organization of Armenia – “Federation of Youth Clubs of Armenia” (FYCA), declared 2017 a year of support of youth and social entrepreneurship. Organization initiates a project “YES initiative” and looking for groups of young people with creative, realistic business ideas to fund their startups.
Organization launches business ideas competition and its main objective is to promote innovation and entrepreneurial projects involving youth in the community development process, social and economic sectors of the country.
The best ideas will be funded, at the same time funded businesses won’t have to pay taxes and heavy credit commitments for the implementation of the project. All the interested candidates with creative business thinking can apply for the project by completing following online application.
All applications will be reviewed by the members of an expert group, after which the results will be announced. The expert group also will improve business ideas of each applicant. The applicants with a business plan qualified for funding will be invited for a consultancy of social entrepreneurship as a business model. Shortlisted candidates must prepare their presentations of business plans for social entrepreneurship.