A  contest for potential young entrepreneurs who wish to share business ideas related to Gozo, is being organised by the Gozo Business Chamber, in collaboration with the Ministry for the Economy and Industry, Agenzija Zghazagh, Bank of Valletta, and the Europe Direct Gozo.

This will be the third edition of the ‘Youth 4 Entrepreneurship Gozo’ event, which is aimed at instilling confidence in young people, enabling them to reach their full potential, direct attention to the economic potential and challenges facing the island of Gozo.

The organisers said that it also encourages young people to adopt an innovative approach to develop their business idea based on Gozo’s needs and potential.

This year’s Youth 4 Entrepreneurship contest will focus specifically on the areas of ‘Sustainability’ and ‘Digitalisation.’

It was explained that these are the two pillars on which the European Union is building its economic recovery, and are in line with the European Union’s Green Deal which seeks to combat climate change and environmental degradation, by creating a modern, resource-efficient and competitive economy where there are no net emissions of greenhouse gases by 2050.

This year the ‘Youth4Entrepreneurship Gozo’ is focusing also on the area of digitalisation. The digital sector is a sector which does not require space. It is not constrained by geographical limitations such as insularity.

To this end Gozo has considerable potential to continue to grow in this area, the organisers said.

The best idea will be selected on the following criteria:

• Applicability to the Gozitan context. This means that any idea that is submitted must be related to Gozo.

• Innovative Approach,

• Ability to solve a potential problem or to cater for a specific need.

• Quality of the Pitch.

Potential applicants between 16 and 30-years of age may submit their proposal till Friday, the 29th of October 2021. Applicants should be residents in the Maltese islands, but not necessarily be from Gozo.

Participants will then pitch their business idea in front of a panel of business experts on Friday, the 12th of November. The winner – who will take home €500 – will be announced at a later date.

More information about the event and details about how to apply can be found by clicking here.

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