Entrepreneurship, a journey worth undertaking yet full of challenges and successes in equal measure, has proved not to be a reserve for all. According to statistics very few companies survive the first five years in business despite the heavy investment with regard to finances, human resources, infrastructure and
time that goes into setting up a successful venture. St. Paul’s University has been on forefront of rewriting this narrative for over a decade through exposing scholars to best business practices through various initiatives: trainings, workshops, exchange programmes, research and conferencing.
Between Monday 13th January and Thursday 16th January 2024, young entrepreneurial minds from St. Paul’s University and South Korea’s Handong University were taken through yet another edition of an enlightening training session dubbed Startup Training for African Revival (STAR). Organized by St. Paul's University in partnership with Handong University and United Nations Educational, Scientific and Cultural Organization (UNESCO), the training was facilitated by professors from St. Paul’s University and their South Korean counterparts.
The four-day intensive training aimed at equipping participants with essential entrepreneurial skills, that would enable them to generate and refine innovative business ideas that are marketable on a global scale. This initiative aligns with SPU’s mission to nurture future leaders with a global perspective, emphasizing the importance of innovation and entrepreneurship in shaping sustainable businesses.
During the training, students explored various aspects of entrepreneurship, including business idea development, global market trends, and strategies for creating competitive ventures. Through interactive sessions, practical workshops, and mentorship from experienced facilitators, the participants gained invaluable insights on turning their ideas into viable business models.
One of the training’s major highlights was the development of six innovative business ideas, which stood out for their creativity, feasibility, and potential to make a positive impact in the global market. These ideas reflected the diverse thinking and collaborative spirit fostered during the training.
Speaking during the closing ceremony, the program coordinator emphasized the importance of partnerships in fostering entrepreneurship and praised the participants for their dedication. “The STAR program is a testament to what young minds can achieve when given the right tools and opportunities. We are proud of the ideas generated and look forward to seeing them transform into impactful businesses,” she said.
This training underscores St. Paul’s University’s commitment to empowering students with skills and knowledge that prepare them for global service and leadership. It also highlights the strong partnership between SPU and Handong University, which continues to promote cross-cultural learning and collaboration.