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In the Minsk region, the second festival of student business companies

13.04.2017

The second festival of student business companies will be held on May 11 on the basis of the Minsk Regional Institute for Educational Development (MIRO), BelTA learned from the education department of the Minsk Regional Executive Committee.
"The first festival of student business companies in the Minsk region, which was held in 2016, proved its relevance as an event designed to promote the business and creative initiative of students in the field of entrepreneurship, the development and implementation of business ideas and projects," - Said in the management.
Student business companies, established and functioning on the basis of educational institutions of the Minsk region, are invited to participate in the second festival. The festival is held in two stages. The first (correspondence) is held on April 15, for participation in which student business companies need to register on the site of MIRO and attach the company's business plan. The number of participants in the second stage will be determined by the expert group of the festival based on the analysis of business plans of the companies, taking into account the structured and consistent description of the projects; Availability of market analysis and marketing factors; Assessment of financial efficiency (profit, profitability level, payback period, risk assessment), etc. The list of participants of the second stage will be published before May 3.
The second stage of the festival will take the form of an open poster presentation of a business company and a demonstration of the product or service provided, with elements of an interview and an interview with an expert group. Last year, 22 companies from 14 districts of the Minsk region were represented in the final stage. Along with the goods and services provided, students demonstrated their business plans, staffing, job descriptions of employees, as well as calculations reflecting the financial result of companies' work. Young entrepreneurs then exchanged experience, met with representatives of business structures, attended trainings and master classes.
The organizers of the festival are the Education Department of the Minsk Oblast Executive Committee and the Minsk Regional Institute of Educational Development. The first business companies were established in educational institutions of the Minsk region in the 2011/2012 academic year. Now in the central region there are more than 130 student business companies employing over 1,100 students.

Written by belta.by