Young Turkmen Entrepreneurs get acquainted with international mentors

On August 26th, 2020, 29 volunteer mentors assigned to work with young startup teams, going through the Startup Ecosystem program, took part in an online roundtable discussion, launching the individual mentorship sessions.
Over the next month, 32 mentors, representing fifteen countries, will guide the Turkmen entrepreneurs to make their innovative business ideas and products more competitive on the local and international markets.
In addition to the individual mentorships, around 50 semi-finalists of the program have also benefitted from training and consulting sessions conducted by national experts in business planning, eCommerce, legal issues, as well as group Q&A sessions with international angel and venture capital investors.
The Startup Ecosystem program, facilitated by the two USAID projects, USAID’s Future Growth Initiative (FGI) and USAID Enriching Youth for Tomorrow (EYFT), in partnership with the Union of Economists of Turkmenistan, is the first of its kind in Turkmenistan and is built around six local companies, which have been test-running parallel incubation & acceleration programs for a total of 122 startups since June, with the top 12 projects making it to the final Demo Day in October.
This is a unique opportunity for young aspiring entrepreneurs in Turkmenistan not only to get valuable guidance and coaching from experienced business people and professionals, but also to get a ‘reality-check’ for their mostly tech-field business ideas’ and products’ ability to compete on the regional and global markets. As a result, entrepreneurs will be able to improve their business models, as well as establish international business links. This activity is focusing on improving the business environment and enhancing the opportunities for successful careers for youth, young entrepreneurs and women in tech in Turkmenistan.