Business Demo Day Event

Business Demo Day Event held

Bahir Dar University, Entrepreneurship development and incubation center (EDIC) successfully run the demo day event at Bahir Dar university, EDIC entrepreneurship hub.  This demo day event took place on June 02, 2023 with the presence of representatives from the financial and industry sectors.

As part of the Lifting up young female entrepreneurs /LiYFE/ project, which is US embassy Addis Ababa Annual program statement  (APS) –FY 2023 it is being implemented in collaboration with Debremarkos university, Injibara University, Indiana university and The Mill. More than 100 young female entrepreneurs in corridor from Bahir Dar to Debre Markos are part of the program.  The LIYFE project is an excellent initiative to promote entrepreneurship among young women in the corridor.

Participants successfully completed 12 modules in two major categories of the project (I.e. 8 Modules in pre-accelerator program and 4-modules in accelerators program) that can help them to refine their business ideas, building business models, prepare instant business plan and future milestones.   Entrepreneurship trainers, business development services advisers and mentors are working with the young female innovators to facilitate access to resources and mentorship services.

From 30 young innovators, 10 have been selected for final pitching program and for the seed money award.  Hence, three business expertise and adviser were assigned as business judges and evaluated their business idea to put them in order of impacts.  Based on the results those with better innovative ideas will receive seed money.

Dr. Tesfaye Shiferaw, vice president for the research and community services at BDU delivered a speech addressing the young innovators.  He said, “It's always exciting to see young entrepreneurs and innovators bring their ideas to life. Having business advisers and judges present to provide feedback and guidance is also beneficial for those looking to start a business, we have to use our competitive advantages in the corridor and replicate our positives impacts to other parts of the country too.”

 ‘Internationalization and innovations’ are among the university’s core values, and EDIC is striving to satisfy these values in working with various international expertise and institutions.