Balfin Group announces the qualified of the first phase of Your Business Idea program

On 4th of October, Balfin Group launched at Tirana Business University premises, the second round of “Your Business Idea” program.

The number of projects received to the Balfin Group's official address exceeded thousands of applications by individuals or creative groups from all the Albanian speaking areas. After an intensive work for many weeks in row from the Steering Committee it became possible to select the best ideas, by concretizing the selection of the 50 best projects, winners of the first phase.

During an introducing event, the winners of this phase were briefed on the developments and investments of Balfin Group. At the same time, the participants were informed in details for the next steps that will follow to have the opportunity to move to the final stage. What will go on furthering is the preparation of a feasibility study for their project ideas. Representatives of Balfin Group provided all the necessary guidance on preparing this study as well as answering questions from participants.

“Your Business Idea” program identifies the most promising entrepreneurs through a competitive process, offering prizes for the winners and intensive follow-up assistance. In the second phase, all applicants selected to continue the competition will have the opportunity to meet with representatives of Balfin Group, business professionals, who will provide all the necessary assistance for competitors in order for them to refine their business strategies. Through ongoing consultations, each one of the selected participants will receive maximal support to further develop their business idea, and prepare all documents needed for its continuity.
The most well-structured projects that fulfill all required criteria will be announced by the Steering Committee as finalists of the program, selected in the third round.

“Your Business Idea” is a program that turns great ideas into great businesses. Through an annual tradition, this program helps Albanian entrepreneurs who have a business idea to build a genuine business.
The innovation in the second edition of Your Business Idea is the focus that the program itself gives to StartUp ideas.