The Youth Entrepreneurship Program is one of Palestine Education for Employment’s programs that provides young people with a specialized training program and technical assistance.
The training consists of in-class and hands on training in professional business writing, which leads to the trainees’ development of a complete investment plan for the proposed business. The curriculum used is the Intel Corp Technology & Entrepreneurship.
The program targets Palestinian youth entrepreneurs, individuals and groups, ages 18-32, with innovative ideas, who are looking for guidance, both professional and financial, to help them realize their dream of starting their own business.
The Entrepreneurship program is intended to expand economic capacity. The program will improve future prospects and broaden career opportunities for Palestinian skilled workers, and ultimately give larger number of Palestinians employment opportunities.
The Entrepreneurship Program started in 2012, capitalizing on workers’ unique skill sets, encouraging entrepreneurial ambition and helping them to create companies that address the needs of the expanding economy, particularly in construction, agriculture, green energy, and Information Technology sectors.
Stages of the Program
The hundreds of businesses that The Youth Entrepreneurship Program generates will not only allow participants to start new companies, but will create thousands of jobs for others as well.
Selected qualified participants will join a customized Workplace Success and entrepreneurship training program managed by Palestine Education for Employment (PEFE). Under Workplace Success component, trainees receive 50-hours of instruction in soft skills necessary for success of the entrepreneur.
The second component of the training consists of 70 hours of in-class instructions and hands on training in professional business writing, which leads to the trainees’ development of a complete investment plan for the proposed business; the curriculum used is the Intel Corp Technology & Entrepreneurship Training curriculum.
The first courses of this program were done in partnership with Rawabi Foundation which would fund plans that passed a due diligence exam up to a certain limit in equity funding depending on the nature of the program.
PEFE is currently looking for other sources of funding to include local or international funders, or microfinance institutions that offer facilitations on loans for startups.