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ARUSHA. — The Tanzania-based Nelson Mandela African Institute of Science and Technology (NM-AIST) has introduced business ideas’ writing competitions among its students as a means to make them remain job creators in their local communities after the school. The competitions are organised by varsity’s School of Business Studies and Humanities (BuSH) in collaboration with the Washington State University College of Business (WSU-CB).
In 2012, WSU-CB sealed an agreement with NM-AIST, whereby among the agreed issues, include giving opportunities for winners to take part in the global students competitions organized in the United States. Head of BuSH Dr. Lilian Passape said on Sunday that the Business Plan Competitions (BPC) give students a chance to practice business in a real-world setting by presenting orally and in written form their business ideas to real investors and venture capitalists.
The dean said the program is meant to make students develop entrepreneurial skills while at the institute and become employers in their localities.
“We are in the second year of conducting BPC both locally and internationally,” she said. Passape further revealed that the first competitions were conducted in Arusha last year, whereby five groups were involved and presented their business plans to a panel of international judges before 2 of them secured a place to compete at the international level in Washington State University in April 2013.
The two winning teams were SimBar and DBMC Agricultural Alliance.
“We want our students become job creators and not job seekers, by taking their research papers into practice,” she said. — Xinhua.
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