Insurance and investment firm Sanlam Namibia launched its entrepreneurial support program called Sanlam Bridge on Monday.
The program is a launch pad for Namibia’s future leaders who have innovative and exciting business ideas, but don’t have the resources to turn their ideas into reality.
The Sanlam Bridge is a revision of the previous Sanlam Innovation Works program, which Sanlam has implemented over the past five years in collaboration with the Namibia Business Innovation Institute (NBII).
According to Sanlam, the program aims to create future leaders in Namibia, promote business innovation and leadership, job creation and enable young people to earn their own income.
The program is open to young Namibians between the ages of 18 and 35 who either have a business idea or a start-up that is no more than a year old.
Interested business hopes are invited to submit their business profiles.
Sanlam will provide start-up capital of N $ 50,000 each to the five selected top companies as well as the support and care of established Namibian business people.
The overall winner of the Sanlam Bridge will be announced in November.
The five largest companies are expected to meet set criteria and achieve specific goals in order to run for the overall winner of the Sanlam Bridge.
The company must be required to work with Sanlam for eight months.
The Sanlam Bridge is open to young people across the country.
Hilaria Graig, the company’s marketing and communications manager, said the program comes at the right time when many young people are trying to start their own business but are often faced with the challenge of seed capital.
She said the program was designed to encourage young people to chase their entrepreneurial dreams and that all young people from across the country are encouraged to apply.