By ABCafrica reporter
Giraal Africa and Teheca groups, each consisting of four to five students were last week announced as winners of a technology competition at Makerere University Business School (MUBS).
“It feels so great to be among the winners of this competition. It is like a dream come true,” says Regina Nakawuki, founder of Giraal Africa.
Regina made the remarks after her group winning funds, mentorship and technical expertise from MasterCard through incubation in the Entrepreneurship and innovation hub for their built applications in the Innovation Express competition. The three day competition at the Annex building at Bugolobi attracted about 55 participants, in 10 groups from Teheca groups. Among them were students who were currently studying at the institutions and others.
According to Remmy Kirunda, the focal person of the MUBS Entrepreneurship incubator and innovation hub, the competition mostly emphasized on unique technology-based business ideas. The competition was organized by MUBS in partnership with MasterCard labs Nairobi this month.Daniel Ruyonga the team leader of Teheca group; says winning this competition means a lot to them as a group. “It is an opportunity to bring ideas to life,” he said.
The competition helps the participating students formulate business models, analyze market challenges as well as develop and sample user experience with integration of technology in a period of two days. Kirunda says it is another way of helping students and alumni to use their entrepreneurial skills, to fight the high levels poverty and unemployment among the youth. Participants were advised to work in groups so as to encourage team work and sharing of ideas for greater results.Teheca one of the groups that won, developed an application that aimed at creating access to compassionate, caring and qualified patient care system through mobile platform.
While their counterparts; Giraal came up with an electronic retailer application for African clothing and accessories.“In the interest of protecting these raw ideas, detailed information was not let out to the public,” says Nakawuki. The two groups noted that; they have been working and building their now winning business plans since last year and are hoping for a brighter future for their plans. Teheca and Giraal directly qualified to enter the incubation hub. However, Kirunda encouraged the other participants not to lose hope.
About business ideas competitions
In 215, E4Impact from Italy launched their exciting MBA in Impact Entrepreneurship in Uganda. They announced a great new Business Idea Competition (BIC) held in Kampala.
The Business Idea Competition (BIC) is one of the activities of E4Impact’s MBA in Impact Entrepreneurship offered in partnership with Uganda Martyrs University and it opens up possibilities to aspirant, early stage and high growth entrepreneurs to present their business ideas and projects in front of a jury of experts from the entrepreneurial world, and to win a scholarship to attend the MBA in Impact Entrepreneurship. This is a great occasion for all women entrepreneurs in Uganda to also establish vital new contacts within the business community of Kampala and its network!
The Business idea Competition of Kampala was held at Pope Paul VI memorial Hotel of Rubaga, on the 16th of October 2015. The Competition had the format of a pitch presentation in front of a jury composed of players from the local business community and by Uganda Martyrs University’s professors.
The Global MBA in Impact Entrepreneurship is a concrete occasion for all women entrepreneurs to improve their entrepreneurial skills.
Precisely, the MBA supports participants in:
- Transforming a business idea into a business plan
- Improving an existing business
- Creating partnerships with investors, suppliers and customers
The MBA is comprised of a unique and flexible blend of class lessons, distance learning, coaching and networking events, where participants acquire the business tools and skills necessary to manage a business venture. It is structured as a “training camp” where each course directly responds to the concrete needs that arise in the start-up or scaling of a small business.
Throughout the program, MBA participants meet with interested investors. This ongoing interaction allows participants to develop a relationship of trust with these investors and to draft their business plan according to the expectations of the financial community.