On February 16, Balfin Group welcomed the finalists of the program “Your Business Idea” in its premises. After an intensive work for weeks by the Steering Committee, the selection of the best projects was made possible, based on the ideas presented and feasibility studies.
Out of over 50 competitors who qualified in the second phase of this program, only 5 of them managed to touch the final. The five finalists selected, after completing the feasibility studies by fulfilling all the required conditions, presented the business plans with the necessary documentation before the jury.
From this stage the winners of the first and second prize will be announced, who will receive respectively a reward in the form of a grant of 200,000 ALL and support in the preparation of the appropriate documentation and orientation in addressing the financial institutions and those supporting them to apply for funds as well as developing a proper business plan.
“Your Business Idea” program identifies entrepreneurs with the most promising ideas through a competitive process, offering rewards for winners and intensive follow-up assistance. “Your Business Idea” is a program that transforms great ideas into big businesses. Through an annual tradition, this program helps Albanian entrepreneurs who have a business idea to build a genuine business.
The number of projects submitted to the Balfin Group’s official address exceeded thousands of applications received by individuals or groups from all the Albanian speaking areas. The innovation in the second edition of Your Business Idea is the focus of the program itself in the StartUp ideas, which has generated high interest among young people.
Some may consider it just a competition, but “Your Business Idea” is much more. The program itself helps entrepreneurs in developing their skills.