Welcome Guest

Businessex.Com
Home News Scotland announces funding for promising entrepreneurs globally

Scotland announces funding for promising entrepreneurs globally

Tags: scotland, humza yousaf, sme, entrepreneur, funding, power of youth, global summit, Kashmir, Arif Shafi, international development fund

October 14, 2013 | COMMENTS ( 0 )

Scotland announces funding for promising entrepreneurs globally

Scotland’s External Affairs and International Development minister Humza Yousaf, who is in India till October 16 to highlight and strengthen Scottish education, business, tourism, cultural and diplomatic links with the country announced £5,500 of funding towards a global summit hosted by Power of Youth, a Scottish-based organisation.

 

Power of Youth, a social for-profit enterprise dedicated to supporting game-changing entrepreneurs by helping them be seen and heard across the globe will unite several of the world’s most successful young entrepreneurs at their fourth global summit in India this month from October 22-27 in New Delhi. The aim of the summit is to bring together 30 of the world’s most promising entrepreneurs to share their ideas, expertise and success stories.

 

The minister on Sunday met with some of the young Indian entrepreneurs who will be involved in the summit.

 

The event will provide a platform for emerging Scottish entrepreneurs to showcase their businesses and test and push their commercial thinking among a global network of peers.

 

The funding is the latest in a series of actions that the Scottish Government has taken to encourage youth entrepreneurship.

 

Speaking ahead of the New Delhi summit, Yousaf said, “Power of Youth is an inspiring and influential network engaging some of the brightest and most innovative minds around the world, many from or with strong links to Scotland. I am very excited to see what comes from next week’s summit.”

 

Arif Shafi and Humeera Qayoom, young entrepreneurs from Kashmir who have received support to set up sustainable small enterprises through the Scottish Government’s South Asia International Development Fund also met with Yousaf on Sunday.

 

“Scotland is a good global citizen, determined to play its part in addressing the challenges facing the world and helping some of its poorest people. We have demonstrated our commitment to doing that by increasing our international development budget to £9 million – a small proportion of which has supported Arif and Humeera to get their own small business ideas off the ground and contribute towards sustainable economic development within their community.”

 

“Today we extended that support, putting Arif and Humeera in touch with Power of Youth so that they too could access invaluable advice and expertise from some of their world-leading young entrepreneurs,” the minister added.

 

Adam Purvis, Director, Power of Youth, said, “Power of Youth was set up to identify authentic entrepreneurial role models that the next generation can relate to. By working with partners like the Scottish Government we are helping young people to succeed and to share their energy with other young people all over the world.”

 

Further, the support extended by Scottish government’s International Development Fund (IDF) of £2.4 million for projects in India was having a "strong and lasting" impact, Yousaf said earlier on Saturday. The IDF in South Asia is focused on three countries.

 

Projects supported by the Scottish IDF between 2010 and 2013 have trained more than 350 physicians and surgeons in diabetic foot disease management, helped more than 3,200 farmers develop better farming techniques, increase food production and secure higher prices for their products.

 

The funding also supported almost 200 young entrepreneurs in Kashmir in setting up their own small businesses. It also assisted around 30,000 women in expanding their businesses.

 

Please add your comment

Rating
Not readable? Change text.
Enter the characters as seen on the image (case insensitive)
  Notify me of followup comments via e-mail   Subscribe for daily newsletter

Other NEWS

Delhi based startup i2e1 raises $5,00,000

Delhi based startup i2e1 raises $5,...

December 10, 2015

Delhi-based i2e1, a smart network player platform which aims to provide low-cost and free internet to consumers and actionable ana....

Cab aggregators collaborate with state governments to boost entrepreneurship

Cab aggregators collaborate with st...

November 06, 2015

Ola and Uber, cab aggregators have signed agreements with Rajasthan government for skill development and creation of entrepreneuri....

Phase II of startup incubator T-Hub to be operational soon

Phase II of startup incubator T-Hub...

November 04, 2015

Telangana government is planning to expand T-Hub, its ambitious incubator programme, in its second phase with about Rs 150 crore i....

Sabse Technologies receives investment from Ratan Tata

Sabse Technologies receives investm...

November 04, 2015

Global telecom carrier, Sabse Technologies Inc, started by Hotmail Founder Sabeer Bhatia today announced that Tata Sons' Chairman ....

Mobile startup BlackNGreen seeks international expansion

Mobile startup BlackNGreen seeks in...

November 02, 2015

Buoyed by a strong demand for value added services, mobile startup BlackNGreen is eyeing revenue of Rs 350 crore in the next one y....

Startups seek better future under Hay Group's programme

Startups seek better future under H...

October 30, 2015

Global management consultancy, Hay Group will help 100 selected entrepreneurs transform their startups into successful companies o....

Quintype raises USD 3.25 million for product enhancement

Quintype raises USD 3.25 million fo...

October 27, 2015

Quintype, a data-driven publishing company raised USD 3.25 million to enhance product and business development. ....

Hospitality aggregator startup Qik Stay raises $250K

Hospitality aggregator startup Qik ...

October 27, 2015

Delhi-based Qik Stay, a hotel branding and aggregator startup, has raised $250K in seed round of funding from venture capital firm....

Milk Mantra targets a turnover of Rs 150 crore this fiscal

Milk Mantra targets a turnover of R...

October 26, 2015

Odisha-based startup dairy firm, Milk Mantra is targeting a turnover of Rs 150 crore this fiscal.....

Vista Rooms creates app on Instagram, targets tier II & III cities

Vista Rooms creates app on Instagra...

October 23, 2015

Mumbai-based online budget accommodation aggregator, Vista Rooms has created an app-like experience on Instagram where travellers ....

Jiyo Natural receives funding from Indian Angel Network

Jiyo Natural receives funding from ...

October 23, 2015

Indian Angel Network (IAN) has invested an undisclosed amount in Bengaluru-based consumer health food startup, Jiyo Natural.....

​​Vodoo raises USD 1 million from SAIF Partners

​​Vodoo raises USD 1 mi...

October 15, 2015

Deals and price comparison application, Vodoo has raised USD 1 million (around Rs 65 lakh) from SAIF Partners in a seed funding ro....

IBM launches public data centre in Chennai, partners with Nasscom to boost start ups

IBM launches public data centre in ...

October 15, 2015

Technology giant, IBM today launched public data centre in Chennai to tap into growing demand from financial services and governme....

For Nasscom, PPP will boost startups in India

For Nasscom, PPP will boost startup...

October 14, 2015

In the wake of some reservations over the central government creating startup funds, Nasscom's "10,000 startups" Vice President, R....

WalmartLabs to seek partnership with Indian startups

WalmartLabs to seek partnership wit...

October 14, 2015

WalmartLabs, the digital arm of US-based retailing major Walmart Stores, is scouting for startups in India for partnership and wor....