Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Speaking at an awards ceremony for 25 under 25 entrepreneurs organized by KCA University and African Garage Shah told upcoming entrepreneurs that making their ideas better will make it easier to work with investors/FILE

Kenya

Vimal challenges young entrepreneurs to refine ideas

Speaking at an awards ceremony for 25 under 25 entrepreneurs organized by KCA University and African Garage Shah told upcoming entrepreneurs that making their ideas better will make it easier to work with investors/FILE

Speaking at an awards ceremony for 25 under 25 entrepreneurs organized by KCA University and African Garage Shah told upcoming entrepreneurs that making their ideas better will make it easier to work with investors/FILE

NAIROBI, Kenya, Aug 21 – Bidco Africa CEO Vimal Shah has challenged young entrepreneurs to refine their ideas in order to access investments and partnership required to take their business to the next level.

Speaking at an awards ceremony for 25 under 25 entrepreneurs organized by KCA University and African Garage Shah told upcoming entrepreneurs that making their ideas better will make it easier to work with investors.

“There is a difference between a good business idea and a bankable business idea. A good idea needs work; a bankable idea needs action,” he said.

“Investors do not like to do the work of making a good idea a bankable one. They prefer to make deals and sign cheques,” he added

Four young entrepreneurs received a cash prize of Sh100,000 each for being the best of the 25 in their categories.

Rose Kwamboka (Social Enterprise) Kegan Ochieng’ (Business Leadership Category) Mutethia Mbaabu (IT Enterprise) Humphrey Janji (Commercial Enterprise) each walked away with the prize money.

Shah who is the chief mentor of the African Garage program also advised young entrepreneurs to welcome criticism and keep improving.

“Successful entrepreneurship over the long haul is about improvement. It’s about becoming a better version of yourself, your idea and your business. It’s a process that happens every day, every week, every month and every year.”

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Headlines

NAIROBI, Kenya, Mar 16 – The World Bank has given the Kenyan government USD 60 Million (Sh6.1 billion) to help combat the deadly coronavirus pandemic...