UNDP empowers young entrepreneurs to participate in the 2022 Youth Entrepreneurship EXPO

UNDP empowers young entrepreneurs to participate in the 2022 Youth Entrepreneurship EXPO

(Photo Tatoli/Francisco Sony)

DILI, april 28, 2022 (TATOLI)– The United Nations Development Program (UNDP) is providing $1,000 to $8,000 to empower groups of young entrepreneurs to participate in the “Youth Entrepreneurship EXPO 2022”.

The Youth Entrepreneurship EXPO covered three main activities including, the Youth Product Showcase, Launching Business Innovation Challenge II, MTCI 2022, and Support Grants for Young Entrepreneurs, which were officially launched by the Minister of Trade and Industry, Jose Lucas do Carmo da Silva and UNDP resident representatives, Munkhtuya Altangerel.

UNDP Country Representative, Munkthuya Altanegerel said the exhibition aims to empower young business groups to remain intensive with local products and links to markets at the same time help them develop the entrepreneurs activities.

“Grants of $1,000 to $8,000 were awarded to 24 new businesses to promote local products,” said Altangerel during the Exhibition at Timor Plaza Dili.

UNDP also supports 360 groups of entrepreneurs during COVID-19 restrictions to recover their businesses.

According to Altangerel 100 groups of entrepreneurs are participating in the Expo after it was officially launched.

“Before joining the Expo, they had attended training organized by UNDP and the Secretary of State Professional Training and Employment (SEFOPE), which focused on business development, financial management, and entrepreneurship,”

“We have a great expectation in the future, the Timorese business group will be able to provide sufficient local products to meet the needs of Timorese across the country,” She said.

Altangerel emphasized that many entrepreneurs have shown progress in their businesses.

“I am very delighted to see the good development of the entrepreneur groups. After receiving a grant from UNDP, the business groups expanded their businesses. This is a very positive point,”

UNDP promised to provide more grants to start-up groups to intensify business activities.

DA COSTA Livestock Entrepreneurs, Manager, Simao Pedro Correia Da Costa said his business group received the support of the different types of equipment from UNDP

“The equipment provided by UNDP has modernized our products, in our group we produce local organic egg products and increase the number of products, we distribute our products to two supermarkets in Dili, Mei Mart, and Loja Agriculture,”

Da Costa farmer group founded in January 2021 consists of six members.


Journalist: José Belarmino De Sá

Editor: Nelia Borges


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