The INJAZ Company Start-up Program seeks to refine students' entrepreneurial skills by helping them to organize and operate their own start-up businesses. The program operates in 38 institutions of higher education, both public and private. Student companies span a wide range of sectors, such as education, childcare, technology, and food service. Overall, the program focuses on three different dimensions: theory, practicality, and sustainability.
- Theory | The Company Course - Course instruction is based on a practical, theory-based curriculum that provides students with the necessary tools to build and sustain a business. Students also receive guidance from private sector volunteers who provide direction, support, and advice from their own industry experiences. Students then conduct a needs assessment of the market, collect capital from shareholders, and develop a service or product to sell. Students also participate in trade fairs during this phase where they are able to expose their product or service to prospective clients.
- Practicality | The Company Competition - After developing their business, students are automatically screened into three different levels and entered into a nation-wide competition where they gain practical business experience. Throughout the competition, they develop presentation skills, problem-solving skills, entrepreneurial spirit, and a sense of investment. After first, second, and third place winners are announced, students are asked to liquidate their companies and split the profits among themselves and their shareholders. Ultimately, the competition seeks to refine management, creative thinking, and problem-solving skills as well as impart the values of teamwork and perseverance upon its participants.
- Sustainability | The Enterprise Development Program - Competition winners advance to the third and final phase of the program, where they are assisted in sustaining and growing their companies. INJAZ serves as a "mini-incubator" in which students receive technical, operations, marketing, human resources, and raw materials support. They also receive assistance with linking to Angel Investors or investors from the INJAZ Board of Trustees. This maturation period can last up to two years and each year, a minimum 20% of student companies are incubated and sustained.
The INJAZ Company Start-up Program was created in 2011 at which time its capacity allowed for the participation of 5-10 student teams. A recent partnership with the Ministry of Planning allowed for 50 teams to compete in its first year and 75 in its second year. In the 2014/2015 year, the program anticipates that 100 teams will participate.
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CEI approaches in actionStudent supportExtra-curricular activitiesMentorship/internship/job placementParental/community engagement in support of students21st century skills (soft skills)
Model details2011Not-for-profitEntrepreneurship skills21st century skills (soft skills)ActiveLong-term project3,01345%55%
BeneficiariesOtherStudents enrolled in higher education institutions
This program's main impact is upon students enrolled in universities or community colleges. However, it also reaches out to community centers and youth centers to engage out-of-school students that have completed the 12th grade, but have not had the chance to pursue higher education.
With the support and cooperation of the Ministry of Planning and International Cooperation, INJAZ launched the Company Start-up Program, helping approximately 1,198 youth to create over 50 long-term youth start-up projects in the 2012-2013 academic year. For the current academic year, INJAZ is on target in supporting 1,815 youth in the creation and management of over 75 youth start-up projects.
For the 2014-2015 academic year INJAZ plans to launch over 100 youth-projects.
Monitoring & EvaluationYes
INJAZ's M&E strategy consists of setting activity and output milestones, plotted on a timeline, to better track and identify rate of progress and outputs.
Its M&E methods also include:
- Setting Key Performance Indicators and collecting the appropriate data through surveys, focus groups, and pre- and post- testing
- Identifying best and worst practices in implementation and recording for future reference
- Analyzing collected data and identifying issues with regards to progress, outputs, and impact that require action
User satisfactionGraduation or promotion ratesTeacher attendanceStudent attendanceOtherProgress towards milestones, Best and worst practices, Students knowledge increase, Projecs/business start-ups, Business registration, Business sustainability, Impact on students' mindset and behaviors, Volunteer satisfaction, Volunteer retentionNo
As of June 2013, 1815 students have participated in the program.