Ulaanbaatar
Mercy Corps Mongolia supports youth entrepreneurship in livestock sector
Economy
Ulaanbaatar/MONTSAME/ On June 6, Mercy Corps Mongolia and Development Solutions held an award ceremony and business showcase at the Ichmon Hotel, celebrating youth entrepreneurship in the livestock sector.
The event was a follow up of the Youth Start-up Support Program, a three-week competition in which 129 emerging young livestock entrepreneurs from Bulgan, Khentii and Selenge provinces—each between 18-35—competed against each other for the chance to win MNT 5 million in seed capital.
The four teams with the strongest pitches, as determined by a panel of judges that included bankers, businessmen, and government personnel, emerged to receive a small grant and an invitation to an intensive eight-month training program designed to build the organizational capacities of small livestock businesses. Ultimately, Mercy Corps is taking a cross-supply chain development approach to livestock development to create a market system that works for herders and herder communities.
Since the passage of the Youth Development Law in 2017, Mercy Corps has worked towards creating new opportunities for youth integration and inclusion within the livestock sector. Said Mercy Corps Country Director, Ramesh Singh, “youths- as is true for any other sector, comprise the building blocks of the livestock sector. Their participation will bring new ideas to the forefront. The start-ups of today could be the large enterprises of tomorrow.
It is especially important as ironically, herders, entrepreneurs and veterinarians represent an aging population in one of the forty youth bulge countries around the world.”
The event was a follow up of the Youth Start-up Support Program, a three-week competition in which 129 emerging young livestock entrepreneurs from Bulgan, Khentii and Selenge provinces—each between 18-35—competed against each other for the chance to win MNT 5 million in seed capital.
The four teams with the strongest pitches, as determined by a panel of judges that included bankers, businessmen, and government personnel, emerged to receive a small grant and an invitation to an intensive eight-month training program designed to build the organizational capacities of small livestock businesses. Ultimately, Mercy Corps is taking a cross-supply chain development approach to livestock development to create a market system that works for herders and herder communities.
Since the passage of the Youth Development Law in 2017, Mercy Corps has worked towards creating new opportunities for youth integration and inclusion within the livestock sector. Said Mercy Corps Country Director, Ramesh Singh, “youths- as is true for any other sector, comprise the building blocks of the livestock sector. Their participation will bring new ideas to the forefront. The start-ups of today could be the large enterprises of tomorrow.
It is especially important as ironically, herders, entrepreneurs and veterinarians represent an aging population in one of the forty youth bulge countries around the world.”
Source: Mercy Corps Mongolia
