APPLICATION

A total of 1400 students in universities and colleges all over Eswatini will receive capacity building each year.
A total of 300 students will be selected and capacitated leading to a Selection of 8 participants or companies.
A total of 8 student-led companies will be admitted to the RSTP business incubator and awarded with cash
prize.

The aim is to:
i) To increase the number of participants in innovation and entrepreneurship among students or
the youth in universities and colleges.
ii) To increase the readiness of youth-led businesses for incubation programs, access to financial
services and market penetration.
iii) To increase the contribution of youth-led businesses to employment generation and economic
growth.

  1. I. A start-up (incorporated or not) founded by an individual or team of students with each
    person aged 18 years or above. RSTP provides company registration services.
    II. A startup must have a business idea or operating business in any of the following
    sectors:
    – ICT and Engineering;
    – Biotechnology;
    – Agriculture and food;
    – Climate and environment.
    • Participants will have access to the following:
    • I. Co- working space and amenities;
    • II. Capacity building and access to networks – training, advisory services and mentorship;
    • III. Business facilitation – company registration services and market access support;
    • IV. Intellectual property protection services;
    • V. Legal services;
  • E540, 000.00 seed capital for all 8 start-ups

i) Relevance – A demonstration that the proposed solution addresses a real problem faced by the
people of Eswatini or presents an opportunity.
ii) Innovation/Originality – A demonstration that the proposed solution is new or is an improvement
of an existing solution in the market.
iii) Proof of concept or prototype – Idea that is supported by adequate technical research and a
feasible methodology that will lead to an experimental proof of concept or prototype of the
solution which can be used to demonstrate the features to the customer or market-ready
solutions.
iv) Founder(s) or team strength – Founder(s) and teams must have a long-term vision for the
innovation/business, a strong work ethic, be teachable and willing to improve the technical and
business know-how. They must demonstrate evidence of basic skills to develop the solution. At
least one of the founders must work for the start-up on a full-time basis.
v) Proof of market attractiveness and product opportunity (market research) – A clear description
of the market characteristics and customers and research that confirms that the product or service
will fill a gap and evidence of understanding of competitor positions, advantages, disadvantages
and potential response of competitors to the proposed product or service.

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