After COVID struck in March 2020, we wanted to help our Learn and Earn Graduates and OEF
Staff to launch their own businesses.
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We launched the Start Your Own Business (SYOB) course and enrolled 15 candidates.
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Of those 15 candidates, 8 were able to prepare their business plans for funding.
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The “Seed to Succeed” event provided an opportunity for our participants to showcase and pitch their business plans in front of a panel of judges.
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They were judged on multiple criteria such as viability of their product or service, their market research, and financial feasibility.
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Five candidates succeeded in convincing our panel of their business plan viability and were awarded small grants ranging from $2-$5k to get their business going. A condition for the grant was that they became a member of the One Eleuthera Cooperative Credit Union (OECCUL).
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Those applicants that do not make it through this round, were given further help to develop their business plans for the next event.