The Ministry for youth policy and sport RB announced the beginning of the Republican contest of youth business projects and ideas “Youth Project-2011”.
The main goals of the contest are revealing of the most talented young business people and rendering of financial assistance to them; making the conditions for business initiatives and activation of the process on establishment of new and development of already working small enterprises in the Republic.
Individual businessmen at the age less than 30, small companies and youth business teams are invited.
The requirements for the participants of the contest are the following: any business project or idea can be introduced only by young business people, the maximal period of recoupment can't exceed 18 months and in case of leasing – 24 months. For financing of the project businessmen have to submit the data concerning availability of their own or borrowed means at the rate of 30% of the overall cost of the project.
Winners of the contest will be rewarded with the grants in two nominations: “The best youth business project” and “The best youth business idea”.
Applications for participation in the contest are accepted till December 16 to the address: Ufa, Lenin Street, 10, office 27 (the Ministry for youth policy and sport RB), contact phone: (347) 251-57-11.