BiD Network – Women in Business


The sector competition organised by BiD Network opens today in its second edition. Women entrepreneurs can submit their business proposals for Africa, Asia and Latin America

Amsterdam October 20, 2010-
The Women in Business Challenge, a business plan competition to support women entrepreneurs in the development of small and medium sized enterprises (SMEs) in developing countries, is organized by BiD Network and made possible by its partners ING, ICCO, Plan Nederland and UnitedSuccess.

This competition starts today in its second edition. The first release, which was very successful, ran from October 2009 till January 2010, when five finalists were chosen from among over 200 business proposals.

Participants’ profile
Women, anywhere in the world, who want to start or grow an existing small and medium sized enterprise (SME) in a developing country. They seek finance in the range of US$ 10,000 and US$ 1 million. They either already have a full business plan or need help in developing their business plan. They have the ambition to grow the business in sales and numbers of employees. Plans will be accepted in English and Spanish.

For more information about the criteria and how to submit a plan click here

Prizes
This Challenge brings two prizes. For the five finalists a business trip to The Netherlands for trainings, b2b and investor meetings. For the absolute winner, tailor made advisory services worth €5,000 from UnitedSucces, the worldwide network for business women owners
All participants will receive feedback to improve their plan and may require for a coach to assist them in the writing of their business plan.
Whether or not a participant becomes a finalist, all high quality business plans are eligible for the BiD Network Investor Matchmaking Services.

Award Ceremony
The award ceremony will be hosted by Plan Nederland in the framework of the “Because I am a Girl” campaign, in the summer of 2011.

Time line
December 15, 2010: Deadline for submission of plan application
March 15, 2011: Deadline for submission of completed business plans
Finalists will be announced in June 2011.

 

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