The Small and Medium Sized Enterprises Promotion Agency presents its Missions Programs and Projects to the National Assembly
On Thursday the 21st of June 2018 the SME Promotion Agency was invited at the national assembly to present its missions programs and projects.
During the presentation, focus was made on the program for the Promotion of the Spirit of Entrepreneurship amongst Youths which has trained close to 350 youths of all works of life.
At the end of the presentation, the national assembly proposed to finance the SME Promotion Agency in a sensitization campaign throughout the national territory.
Article 1: Purpose and organization of the competition
As part of its Youth Entrepreneurship Awareness Programme (PE2MJ), the Small and Medium-sized Enterprises Promotion Agency (APME) is organizing from November 8, 2017 to December 26, 2017 (at 3:00 pm) a nationwide competition for business model (hereinafter called the competition), entitled "Youth Business".
The Competition is meant for all young Cameroonians and aims to encourage the creation and development of companies by young people less than 35 years old.
Article 2: Applications and admissibility
Business projects are presented by the project idea holder as promoter or as project team leader.
The Competition is neither open to staff of the Organization nor their immediate family members (spouses, parents, offspring and relatives in the first degree), nor to any other person professionally involved in the administration of the competition.
Article 3: Conduct of the Competition
The business model will be presented in 3 to 5 pages and will include the following subjects:
- The market or customer profile
- The value proposition
- Services or products on offer
- Competitive positioning
- The main activities
- The operating cycle
- The planned investments
- Financial needs
- Costs, prices and margins
- The main inputs
- The major risks
The applicants undertake to provide accurate, up-to-date and complete information.
The Competition will run as follows:
The first step will be to pre-select 25 projects.
The 25 shortlisted finalists will be invited to present their project ideas in the form of a pitch (short verbal communication) and 10 winners will be selected.
Article 4: Evaluation Criteria
Project ideas will be evaluated based on the following criteria:
- The entrepreneurial potential of the candidate
- The relevance of the market need to be satisfied;
- The technical and financial feasibility of the project
- Socio-economic and environmental impact of the project.
Article 5: Selection of the Jury
Pre-selection is done by a team of APME staff.
The final jury selection is done by a commission composed of experts from the national sphere of entrepreneurship and finance, outside APME.
Article 6: Prizes
The winners of the Competition will benefit from personalized support from experienced consultants in drawing up their business plans and seeking the technical, financial and commercial partnerships needed to implement each project.
Article 7: Obligation of confidentiality
The members of the jury and all other persons who participated in the Competition process are bound by strict obligation of confidentiality. They agree in writing to keep this confidentiality. The application files are anonymous and the deliberations of the jury are confidential.
Article 8: Intellectual Property
By submitting his/her/their project idea, the candidate or the candidate team guarantee(s) that he/she/they holds all rights pertaining to any text, image, photograph and any other graphic content contained in the project or that he / she/they has/have obtained the rights of the holders, where appropriate.
The project idea holder authorizes the organizer and his partners to refer to his project without giving him right to remuneration or any advantage other than the prize awarded to him/her/them.
Members of the jury, organizer, evaluators and candidates will collectively ensure the protection of invented ideas, patents, models, brands or works of the spirit. In addition, the candidates declare on their honor that they hold all the rights attached to their project.
Article 9: Candidate’s responsibility
By participating in this Competition, the candidate or the candidate team will ensure that the following conditions are met:
- The transmitted documents do not contain any viruses, worms, Trojan horses, or any other destructive and harmful content;
- The project idea will not undermine public order and morality;
- The project and its use, as described above, do not violate any applicable law or regulation;
- Anyone attempting to cheat, slow down or deteriorate the contest website and any other organizer web site will be exposed to legal proceedings;
- The organizer reserves the right to ask for supporting documents for each of the candidate or candidate team declarations and to eliminate the candidate/candidate team in the case of cheating.
Article 10: Disputes
Depositing an application to participate implies, on the part of candidates, total acceptance of the present regulations, without possibility of complaint regarding the results which may not be contested as the jury is sole judge, not having to justify its decision.
The Deputy General Manager of the Small and Medium Sized Enterprises Promotion Agency (APME), Mr EWUSI MBONGO Eric officially launched on Tuesday 26th September 2017 at SOMATEL Hotel, a two day seminar to mobilise in synergy all the stakeholders involved in the support of Small and Medium Sized Enterprises (SMEs). Participants drawn from Ten Ministries, some Government Agencies and Intermediary Organisations brainstormed on some information indicators and a platform that will help harmonise the sector. The indicators will help provide statistics to Promoters, Project initiators and the Population on the activities of the Government in this sector. They will also help authorities orientate their decisions according to Mr LOBE MPOH Constant, Director of the Department of Observatory and Economic Forecast (DOPE) in the Small and Medium Sized Enterprises Promotion Agency.
At the end of the Seminar, participants resolve to set up a committee that will centralise and communicate information on the multiform support granted by the State to SMEs. The said committee shall consider a number of indicators like; the amount of credit granted for the projects, amount of subvention granted, the number of SMEs accompanied, amount of credit reimbursed and the number of jobs created amongst others.
MONIQUE NTUMGIA, a young Cameroonian from the North West Region accompanied by the Small and Medium Sized Enterprises Promotion Agency for about a year now was awarded the price of overall best project at the just ended AFRICA Youth Connect Forum in KIGALI RWANDA.
The summit which had as objective to empower young African entrepreneurs engaged in various domains and also to create network funding and opportunities witnessed the participation of over 2500 delegates from over 18 African countries.
During the audience granted to the laureate the Prime Minister Head of Government was delighted to see that a Cameroonian youth stud out as overall best, he congratulated her, and also described her as a “Genius”. He encouraged other Cameroonian youths to emulate her example.
The Prime Minister also recounted that, the President of the Republic H.E PRESIDENT PAUL BIYA in his message to the youths on the 10th of February 2016, encouraged youths to CREATE, INNOVATE AND DARE thereby guarantying government support.
Are you an owner of SME? Do you want to benefit from numerous services and advantages offered by the Government such as tax and custom reductions? Visit the Small and Medium Sized Enterprises Promotion Agency(APME). It has a one stop shop which offers incentives on investments for SMEs.
APME is located in Yaoundé Tsinga ,tel ( 237) 222 21 92 96
Website : www.apme.cm “
"APME, becomes the reference in supporting SMEs”
Yaoundé, 9th December 2016
The Minister of Small and Medium Sized Enterprises Social Economy and Handicraft, Pr Laurent Serge ETOUNDI NGOA will on Monday the 12th of December 2016, at Nkolbisson Yaounde will proceed with the official launching of the pilot training workshops of the program for the Promotion of Entrepreneurship Spirit among Youths (PE2MJ) which was launched in April 2016.
The implementation of this Program, which is intended to spread throughout the national territory, begins in Yaounde on Monday 5th December by the training of trainers and will be followed by pilot training workshops for youths at the Multifunctional Center for the Promotion of Youths at Madagascar and the Technical High School of Nkolbisson Yaoundé.
This Initiative of the SME Promotion Agency is to act as an effective response to the problem of unemployment which affects particularly the youth (more than half of the national population), the program for the Promotion of Entrepreneurial Spirit among Youths intends to:
- Inculcate in every youth, irrespective of the level of education, but also in those who drop out from a classic educational background, a decent alternative to the vision of the world which is being presented to them today ;
- Permit to every youth to have a clear choice between the desire to become employed and the ambition to be an employer;
- Make youths to no longer be job seekers, but creators of growth and employment.
To this effect, the Program for the Promotion of Entrepreneurship spirit among Youth is a clarion call from the Head of State, His Excellency Paul BIYA, which encourages Youths to be creative and innovative, with a guarantee of Governments Support.
The Program for the Promotion of Entrepreneurship Spirit among Youths benefits from the technical and financial partnership of the United Nations Conference on Trade and Development (UNCTAD) and certain Ministries such as: Ministry of Small and Medium Sized Enterprises, Social Economy and Handicraft, Ministry of Youth and Civic Education, Ministry of Employment and Vocational Training, Ministry of Secondary Education and the Ministry of Higher Education.