By Karima Rhanem | Morocco TIMES 2/19/2006 | 1:52 pm
AIESEC, the world's largest student organization, and AMPA, an association of Moroccan professionals in the US, has launched a contest for young Moroccan entrepreneurs to give students the opportunity to work together to turn innovative ideas into real businesses, said a joint release of the two organizations.
Participants in this contest will develop businesses that are based on some of the most innovative ideas that would be feasible in Morocco.
Aspiring entrepreneurs should enter plans in areas as diverse as, but not limited to, new technologies, tourism, computing services and software, consumer goods, and financial services.
The Young Moroccan Entrepreneurship Competition (YMEC) provides for a forum in which students can develop and test their business vision and plans. Students will form teams, develop their business ideas, and compete for cash prizes.
The competition provides a network of resources for mentorship, team creation, education, networking and new venture financing for these aspiring entrepreneurs. In addition, all participants will receive feedback from qualified jury members from the US and Morocco on the business plans they submit.
A team may consist of full-time or part-time students who are enrolled in degree programs from any school in Morocco. The spirit of the contest is that it is both an educational experience for students as well as a potential launch pad for those students who wish to actually start a business.
The objective of the business plan contest, according to the organisers, is to provide a meaningful learning experience for students who are interested in pursuing an entrepreneurial opportunity at some point in their careers.
The deadline for submitting the Business Plan is due by Feb. 25. The semi-finalists' Business Plans will be distributed to a final judging panel of distinguished venture capitalists and entrepreneurs. On March 13, 2006, finalists will make final presentations to the jury and again at the Awards Presentation. Those interested can visit http://www.aiesecma.org for more information.
The Young Moroccan Entrepreneurs Competition is largely a student-run activity organized by AIESEC. However, the selection of the jury and the management of the judging process are handled solely by the Association of Moroccan American Professionals (AMPA).
AIESEC, the world's largest student organization, is the international platform for young people to discover and develop their potential so as to have a positive impact on society.
In addition to providing over 5,000 leadership positions and delivering over 350 conferences, AIESEC also runs an exchange programme that enables over 3,500 students and recent graduates the opportunity to live and work in another country.