With support from UNDP and the Governments of Japan and Korea, Youth boost business and entrepreneurship in Yemen: the Innovation and Creativity Award winners
A press conference was convened today 31 October 2013 at Al-Bustan Hotel to honor the winners of the Youth Innovation and Creativity Award. Twenty eight youth from around Yemen were impatient for 31st of October the day, in which sixteen innovative and creative business ideas won the Youth Innovation and Creativity Award. The award rewards the youth innovative business ideas with $20,000 for each project. The winning projects will receive additional technical implementation support to ensure that there are successfully implemented.
The UNDP Youth Innovation and Creativity Award, under the patronage of the Ministry of Industry and Trade and supported by the Korean and the Japanese Governments, has mobilized thousands of youth from around the country over the past months, to come up with innovative business ideas that solve problems, provide solutions and can make a difference in people's lives. Some of these innovative business ideas provide solutions to energy efficiency and greening the economy.
To recognize the crucial role of the private sector for job creation and business development in Yemen, companies have been invited to become partners. Hayel Saeed Anam Group of Companies and Yemen LNG contributed with two prizes. Yemen LNG is the country’s largest industrial project and regards social responsibility as an integral part of business success. Hayel Saeed Anam Group is a leading Industrial and Trading Group in Yemen and has adopted the concept of corporate social responsibility in various fields.
“UNDP’s vision is to address inclusive growth and sustainable development as well as to empower communities including youth and women for productive capacities. The private sector plays an important role as the engine for growth and employment, as well as supporting country’s efforts in economic recovery and stabilization” says Ismail Ould Cheickh Ahmed, UNDP Resident Representative.
The young entrepreneurs know that their long standing dreams will now become a reality. “This is my life dream that I am very determinant to succeed in,” says one of the women winners.
“Supporting talented young entrepreneurs will contribute positively to the country’s overall economic growth and will provide innovative solutions and interventions to address the country’s main economic challenges,” affirms Dr. Saad al-Din Ali Salim bin Talib, Minister of Industry and Trade.
The press conference was attended by Ismail Ould Cheickh Ahmed, UNDP Resident Representative, Minister of Industry and Trade Mr. Saad Al Deen bin Talib, the Deputy Chief of Mission of the Japanese Embassy Mr. Katsumi Moriyasu, the Korean Ambassador Mr. Lee Young-ho, other UNDP officials and private sector sponsors.
Ms. Kawkab al-Thaibani, Youth Empowerment Project Communications/Advocacy National Specialist
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