[SB203] Capturing Opportunities
At Youth Co:Lab, we believe that democratising opportunities and resources is important for leveling the playing field, expanding participation in inclusive entrepreneurship, and scaling the networks of social and financial capital that provide the foundation for a successful business. Applying for various opportunities can:
- Provide Validation of Your Business
Being in the competitive marketplace is proof that your business has sufficient demand. The process of writing applications keeps you on your toes and compels you to think ahead.
- Accelerate the Growth of Your Initiative
The networking, funding and mentorship resources that you can gain access to through various opportunities may pay dividends when you’re attempting to scale up. When faced with a competitive selection process, you are forced to step out of your comfort zone to stay ahead of the game. This entails taking a close look at your services and products, and finding out-of-the-box solutions to outstrip the competition.
- Allow You To Learn From Others’ Mistakes
Closely following the competition will throw up a lot of information on how to function and operate in a better way. It acts like a yardstick to measure your own achievements and performance. This is valuable learning for growing startups.
Learn More About Our Knowledge Partner: Yaqi Chu (Aggie) is one of the Startup Support Coordinators at Youth Co:Lab. She has a background in social innovation and leadership education with a focus on youth. She is currently supporting young social entrepreneurs in the Springboard Programme by curating an extensive range of global opportunities and providing tools and services to equip young founders. Prior to joining UNDP, she was involved in various youth development programs for localizing Sustainable Development Goals (SDGs) initiatives and developing innovative solutions in the development context.