#Call_For_Innovation
The Bahir Dar University #Entrepreneurship_Development_and_Incubation_Center (BDU-EDIC) is excited to announce the launch of an innovation competition open to all BDU staff, students, and affiliated partners. BDU-EDIC is committed to fostering a vibrant entrepreneurial ecosystem through a variety of entrepreneurship training programs, business incubation services, and comprehensive support for aspiring innovators and start-up companies.
#Aim_of_the_Call
The goal of this call is to support 3 to 5 startups (merging or ongoing business projects) that are poised to embark on growth and acceleration paths. We seek innovative ideas that will enhance and strengthen the entrepreneurship and technology transfer ecosystem at Bahir Dar University and the surrounding community.
#Award_and_Fund
The Entrepreneurship Development and Incubation Center (EDIC) will select the top 3 to 5 most promising and innovative ideas. Selected innovators will receive:
1. Business Development Support: Including entrepreneurship training, mentorship, and coaching.
2. Seed Money Awards: Tailored in-kind awards with a minimum value of ETB 300,000 and a maximum of ETB 1,000,000, designed to meet the specific needs of their businesses. Funds can be used for procuring support tools, prototype development, and equipment purchases, in consultation with the EDIC.
#Who_is_Eligible_to_Apply?
Individuals who can provide evidence of their affiliation with Bahir Dar University as
academic staff, administrative staff, students, or members of related institutions.
Individuals who have business idea or product for the business innovation and commercialization process.
Individuals who will be committed to jointly commercialize their product upon agreed share
Individuals with an innovative business idea that has the potential to develop into a viable business venture with training support.
Individuals who are motivated to actively engage in the business incubation process facilitated by the center.
Selection Criteria
Possess a feasible and scalable business idea or early-stage startup company.
Demonstrate strong spoken and written communication skills.
The idea or startup should offer an innovative solution with a significant impact on the socio-economic development of the target community.
Ability to create a positive impact on the productivity and profitability of existing companies or proposed ventures, ensuring long-term sustainability.
The business idea and/or product should be unique and distinguishable from others in the market.
Willingness to become a spin-off of Bahir Dar University.
Ability to complete the commercialization process utilizing resources available in one of BDU's labs, entrepreneurship center, or campus facilities.
Special consideration will be given to applicants with disabilities (PWD) and female applicants.
#Important_Dates
Call for Proposals Issued: September 23, 2024
Application Deadline: October 15, 2024
Target Date for Decisions: November 10, 2024
Submission Place: Applications can be submitted in person at Wisdom Tower, Office No. 407, no later than October 10, 2024, at 11:00 LT.
We look forward to your innovative ideas and contributions to the entrepreneurial landscape at
Bahir Dar University!
#Note: your application form will be based on the BDU-EDIC template; you can find it in your community engagement director office or can request in mah726939@gmail.com.
The Bahir Dar University #Entrepreneurship_Development_and_Incubation_Center (BDU-EDIC) is excited to announce the launch of an innovation competition open to all BDU staff, students, and affiliated partners. BDU-EDIC is committed to fostering a vibrant entrepreneurial ecosystem through a variety of entrepreneurship training programs, business incubation services, and comprehensive support for aspiring innovators and start-up companies.
#Aim_of_the_Call
The goal of this call is to support 3 to 5 startups (merging or ongoing business projects) that are poised to embark on growth and acceleration paths. We seek innovative ideas that will enhance and strengthen the entrepreneurship and technology transfer ecosystem at Bahir Dar University and the surrounding community.
#Award_and_Fund
The Entrepreneurship Development and Incubation Center (EDIC) will select the top 3 to 5 most promising and innovative ideas. Selected innovators will receive:
1. Business Development Support: Including entrepreneurship training, mentorship, and coaching.
2. Seed Money Awards: Tailored in-kind awards with a minimum value of ETB 300,000 and a maximum of ETB 1,000,000, designed to meet the specific needs of their businesses. Funds can be used for procuring support tools, prototype development, and equipment purchases, in consultation with the EDIC.
#Who_is_Eligible_to_Apply?
Individuals who can provide evidence of their affiliation with Bahir Dar University as
academic staff, administrative staff, students, or members of related institutions.
Individuals who have business idea or product for the business innovation and commercialization process.
Individuals who will be committed to jointly commercialize their product upon agreed share
Individuals with an innovative business idea that has the potential to develop into a viable business venture with training support.
Individuals who are motivated to actively engage in the business incubation process facilitated by the center.
Selection Criteria
Possess a feasible and scalable business idea or early-stage startup company.
Demonstrate strong spoken and written communication skills.
The idea or startup should offer an innovative solution with a significant impact on the socio-economic development of the target community.
Ability to create a positive impact on the productivity and profitability of existing companies or proposed ventures, ensuring long-term sustainability.
The business idea and/or product should be unique and distinguishable from others in the market.
Willingness to become a spin-off of Bahir Dar University.
Ability to complete the commercialization process utilizing resources available in one of BDU's labs, entrepreneurship center, or campus facilities.
Special consideration will be given to applicants with disabilities (PWD) and female applicants.
#Important_Dates
Call for Proposals Issued: September 23, 2024
Application Deadline: October 15, 2024
Target Date for Decisions: November 10, 2024
Submission Place: Applications can be submitted in person at Wisdom Tower, Office No. 407, no later than October 10, 2024, at 11:00 LT.
We look forward to your innovative ideas and contributions to the entrepreneurial landscape at
Bahir Dar University!
#Note: your application form will be based on the BDU-EDIC template; you can find it in your community engagement director office or can request in mah726939@gmail.com.