Timeline

Project124 Official Opening

Statistics proves that over 85% of start-up businesses die every year in Botswana. These are businesses owned and run by a significant percentage of young people around the country. With the current unemployment rate ranging at an average of 17.6% and a total import bill well over BWP52 billion, with over 100’000 unemployed skilled graduates, we believe that a platform that can develop entrepreneurs and enterprises with focus on global competitiveness will contribute immensely towards improving entrepreneurship in Botswana as well as create sustainable jobs for young people in the country.

 

The Project124 has been strategically formulated to help both entrepreneurs and aspiring entrepreneurs including university graduates to create innovative, sustainable, investable and scalable business ventures with a potential to create sustainable jobs within the period of its first three (3) years. The program provides professional training, benchmarking, experiential learning, mentorship and both funding and investment opportunities to the participants. The program has been designed to give the participant a change to enroll into it with a business idea and graduate with an established real company within a period of 5 weeks. Launchit has already partnered with several companies owned and run by young entrepreneurs across different lines of business ranging from training, funding, coaching, multi-media, consultancy, legal and many more to provide a substantial training and coaching expertise necessary for the development of a globally competitive entrepreneur.

 

The Project124 program is a five (5) stage program with three (3) elimination phases. Because of our new strategy and strategic partnerships in 2018, the program will enroll only 10’000 participants in the 2018 program. On each elimination stage, only top 10% of the participants will transition to the next level. Through this process, the program will only graduate a hundred (100) seasoned entrepreneurs through the 2018 program. Through our partnership with Khumo Horizons, we will then make an investment of P100’000.00 (one hundred pulas) to any entrepreneur/entrepreneurs with a business that best fit our idea of a great and investable entrepreneur. The program will also give individual angel investors, private equity investors and venture capital investors an opportunity to invest in the hundred seasoned entrepreneurs produced by the program. Launchit Coaching (Pty) Ltd as a business coaching company will be responsible for closely monitoring the implementation and growth of the alumni(s) of the 2018 program and also provide further mentorship, evaluation and coaching for the companies to encourage further growth and sustainability.

 

The 2018 program will target 10’000 entrepreneurs from around the country from/around the following places;
- Gaborone
- Jwaneng
- Palapye
- Serowe
- Mahalapye
- Selebi Phikwe
- Francistown
- Maun
- Kasane

Event Properties

Event Date 14-07-2018 8:30 am
Capacity Unlimited
Organizer The Project124 Entrepreneurship Development Program
Phone +267 77045403
Email project124@launchitinternational.com
Website http://launchitinternational.com/
Location University of Botswana

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