WINDHOEK, 29 SEP (NAMPA) -
Sanlam Namibia and the Namibia Business Innovation Institute (NBII) have awarded five young entrepreneurs that took part in the first-ever 'Innovation Works' project.
A media statement issued by Sanlam on Monday said the awards ceremony was held at the Polytechnic of Namibia (PoN) Hotel School in Windhoek on Friday, and saw OMIG Technology named the winner of the first edition of the project.
Speaking at the awards ceremony, Sanlam's senior marketing and communications officer Ilke Platt-Akwenye said she was happy to see the new project reaching its final stage.
She said that after a year of bonding and mentoring, Sanlam is proud to see that the top five entrepreneurs in the competition have developed greatly.
"We believe this initiative will not only help to start up businesses, but will also help to develop new technologies and equip workers with skills, competencies and the ability to master different techniques," she said.
The 'Innovation Works' project was launched in September 2014 to give young entrepreneurs a chance to make their dreams a reality. It provided a public platform and funding for small-scale projects in the early stages of their development.
A lot of submissions were received, but only five were selected - Education Consultancy; M&O Décor; Tses Healthy Herbs; OMIG Technologies and Level 27.
Each team received N.dollars 20 000 to start up their businesses, while an additional N.dollars 20 000 was awarded to the final winner OMIG technology.
Speaking at the awards ceremony on behalf of the Rector of the Polytechnic of Namibia, Professor Tjama Tjivikua, his special advisor Errol Tyobeka thanked all the participants that took part in the project.
Meanwhile, Platt-Akwenye said entries will this year once again be received for the second edition of the project and urged entrepreneurs who missed out last year to take part and allow themselves the opportunity provided by both institutions.
Upcoming entrepreneurs who struggle to draw up business proposals are also encouraged to join an 'open day workshop' which will be facilitated by the NBII.
The NBII, affiliated to the Polytechnic of Namibia, focuses on the innovation and training of upcoming entrepreneurs, and offers them support in starting and managing their businesses. It also works in partnership with the Development of Namibia (DBN) and Bank of Namibia (BoN), amongst others.