To receive funding from these programmes, entrepreneurs first have to complete one of the NYDA’s short, three- to six-day business management training courses, which include ‘Generate your Business Idea’, ‘Start your Business’ or ‘Improve your Business’.
The training is aimed at responding to young people’s market and business needs, providing skills that can assist them with business idea generation, start-up assistance, early development, growth and expansion. “It helped me to understand what business is. Receiving business training before receiving the grant is important because there’s no use running a business without a business background.