Arzuw NEWS - Turkmenistan news

Ashgabat hosted the "Youth Company of the Year 2019" contest

A number of events were held as part of the Digital Economy, Entrepreneurship and Innovation Week, taking place from December 16 to 20, 2019.

The program of the Week included a series of master classes for participants on the digital economy and the development of supraprofessional skills, the finals of the digital economy and entrepreneurship brainstorming quiz that ended on December 17, and the Youth Company of the Year 2019 competition that took place on December 18-19.

At the first stage of the competition, December 18, 12 youth teams presented their models of business companies to members of the jury - representatives from the fields of entrepreneurship and education, public organizations. The next day in the banquet hall of the capital hotel "Ak Altyn" was the second and final part of the competition - the fair of products of youth companies.

The products presented by the teams were notable for their diversity, innovative approach, use of local materials and secondary resources, and environmental friendliness. All teams demonstrated a good knowledge of the basics of economics and business and a confident command of entrepreneurial, supra-professional skills, digital competence skills and the use of modern technologies in business.

The jury members voted to determine the winners in the following categories: "Best Business Idea", "Innovative Approach", "Best Business Presentation", "Best Business Plan", "Digital Marketing", "Best Trade Technology" and "Best Trade Place Design". There was also online voting to determine the winner in the "Young Entrepreneurs' Choice" category.

According to the voting results, the first place went to the "Ynamdar ýoldaş" team, representing the Ashgabat Mechanical and Technological Secondary Vocational School. "Ynamdar ýoldaş" presented bags made entirely of environmentally friendly locally produced cotton materials. The jury noted the team's concern for the environment, as well as a competently prepared business plan and good skills and knowledge in entrepreneurship displayed by the team during the competition.

The main organizer of events within the Week of Digital Economy, Entrepreneurship and Innovation is the National Public Association "Union of Economists of Turkmenistan" supported by the United States Agency for International Development (USAID) project "Promotion of Youth Development for a Successful Future" implemented in Turkmenistan by international company JA Worldwide.

According to the organizers, the series of events, united within the framework of the Week, has been held for several years. The National Public Association "Union of Economists of Turkmenistan" plans to hold an annual cycle of similar events on topics of current interest to Turkmenistan.

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