IITE Institute continues to be the Implementing Partner of The Next Economy Phase II in Mogadishu, Somalia in 2021.
The Next Economy (TNE) empowers youth in Nigeria, Mali, Somalia to unleash their talents, build their confidence, and hone the skills they need for a successful career in a job or as an entrepreneur. To accommodate the diverse ambitions of young people entering the labor market, together with local partners, TNE offers different programs.
After The Next Economy “the original” (2015-2019), TNE continues for another four years with The Next Economy, Phase 2 (2020-2023). IITE Institute will be the Implementing Partner for the program.
The Next Economy is an initiative of SOS Children’s Villages Netherlands, Crosswise Works, and GoodUp. The program is made possible by the Dutch Ministry of Foreign Affairs.
TNE Learning Tracks
All accepted participants will first join the Core Life Skills training. The Core Life Skills training defines and shapes skills and determine what youth want in their work life. The decision to either pursue employment or start a business after this initial training is youth-led with support by their coach. In other words, participants will have the option to select which track to continue with: the Employability track (implemented by SOS Children Villages Somalia) or the Entrepreneurship track (implemented by IITE Institute).
Under the Entrepreneurship track, the Somali youth work from their business idea to a registered and validated start-up in 6 months. Youth are trained in ideation, business model canvas, pitching, and product and market validation. All startups are validated through Crowdfunding campaigns. Each successful campaign will then receive a matching fund of $500 from the program.
Also, the TNE program has an Incubation Training component that scouts promising startups and supports them to grow further by providing the necessary guidance to prepare them, in cooperation with the private sector, for a ‘decent job’.
Call for Applications
IITE Institute is calling for applications for The Next Economy 2021 Batch 3 in Mogadishu. The program is now open for applications. CLICK HERE to apply. Applications will close on May 07, 2021, and the sessions will start on June 05, 2021.
For more information, please visit the official TNE page at https://next-economy.com/en/.