What is BSCK main aim?
BSCK helps young people of Kosovo, of all ethnicities, to create their own micro and small enterprises (MSE). It does so through its repeating project cycles.
How does a BSCK cycle work?
One BSCK cycle consists of three competitions. The first one is Kosovo wide competition called Business Idea Competition (BIC), here the youth is requested to fill out a two page form with their business idea, and after this the ideas are evaluated by a professional jury. The winners of BIC win one week training on How to write a business Plan. This gives them the advantage of knowledge to participate in BSCK's second Kosovo-wide competition the Business Plan Competition (BPC), in this phase the youth are requested to fill out a 15 page form of business plan provided to them by BSCK. After submitting the form a jury of experts evaluates and determines the winning business plans. In return, these winners have to attend the 10 week Business Skills Trainings (BST) where they will learn how to establish and run a successful company.
The last competition Final Business Plan Competition (FBPC) is of closed nature, meaning only participants of BST who have respected the rules and regulations of the trainings are allowed to compete. The 10 winners of FBPC will win the BSCK benefits?
How Does BSCK help me start my own business?
BSCK helps you start your own business through:
- Business Trainings that follow each competition;
- Free Registration of the final winning businesses plans;
- Custom designed loans taking into account all conditions to make the business sustainable
- 100 consulting hours which will be delivered by experts of different fields.
For whom are the BSCK competitions?
BSC Competitions are open to all Kosovar students, recent graduates, and other young potential entrepreneurs between 18 and 35; who are willing, motivated, and able to start their own micro and small enterprises.
What are the competitions that I can take participate in?
BSCK organizes three competitions:
- Business Idea Competition (BIC)
- Business Plan Competition (BPC)
- Final Business Plan Competition (FBPC)
How do I apply for Business Idea Competition (BIC)?
You can apply in BIC by filling out the two page application form. Here you basically describe your business idea and then submit it either in
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or deliver it in person at the BSC Kosovo office.
How many business ideas win in the Business Idea Competition?
80 business ideas
What happens with the winners of Business Idea Competition?
If you are a winner of the BIC you will get the "Business Plan Writing" training for free, where you gain thorough knowledge on how to write a Business Plan. This training will help you be highly competitive when applying for the Business Plan Competition, in which all applicants from all Kosovo will apply.
If I did not apply in the Business Idea Competition, can I still apply for the Business Plan Competition?
Yes.
How can I apply for Business Plan Competition (BPC)?
You can apply on BPC by filling out the business plan concept (up to 15 pages) where you thoroughly write the concept of your business (it is a draft business plan), and then submit it either in
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or to the BSC Kosovo office.
Why should I compete in the Business Idea Competition, when I can directly compete in the Business Plan Competition?
The winners of the BIC get a free training on how to write a business plan, so applicants are more competitive in the BPC; since in BPC you compete with a business plan concept (up to 15 pages).
How many business plan concepts win in the Business Plan Competition?
25 business plan concepts
If I did not apply in the Business Plan Competition, can I still apply for the Final Business Plan Competition?
No, because only the winners of the Business Plan Competition who actually attended the Business Skills Training can apply for the Final Business Plan Competition.
What is the difference between the Business Plan Competition (BPC) and Final Business Plan Competition (FBPC)?
When you compete in the BPC you develop only the concept of the business plan; and if you are the winner of the BPC you get a free "Business Skills Training". Thus, only people who win in the business plan competition can further compete in the FBPC.
When you compete in the FBPC, you compete in the final business plan where you can incorporate the knowledge and skills gained from the "Business Skills Training". Moreover if you are the winner of the FBPC you gain special conditioned loan to finance your business, free business registration, and further management consulting from local and international experts.
How many applicants win in the Final Business Plan Competition?
10 applicants who will be awarded with micro credit, free business registration and a follow up of free management consulting services.
What are the conditions that the BSCK credit facility offers?
7.2% annual interest rate, with maturity of 4 years, and the amount of loan is on the ranges of micro credit for micro and small business financing.
How it can be assured that I will return my loan back and I will not be exposed to any risk?
To minimize the risk Business Start-Up Centre in Kosovo goes through an 8 months period of different competitions with accurate selection criteria. It provides trainings with different local and international trainers and experts; furthermore it provides management consulting services. This should ensure that the new created businesses will be highly competitive.
Will I be charged any fee to be part of competitions, trainings, and/or other benefits?
No, the Business Start-Up Centre Kosovo (BSC Kosovo) is a non profit organization; therefore, no fee is charged for any of the activities.
Does the BSC Kosovo accept extra donations from other parties as well?
Yes.
Can I compete with more than one business idea / concept / or plan in BIC / BPC / FBPC?
No.
Can we compete as a group in the business BIC / BPC /or FBPC?
Yes, groups are allowed to have a maximum of 5 members.
Can I use my own template when applying to any of the competitions?
No, you should use the relevant application forms provided before and during each of the competitions that can be found on our website http://www.bsckosovo.org/ and offices.
Should I leave the instructions in the application form when I fill it in?
No, you should delete the instructions provided to you and leave only the questions asked to you. This stands for all our application forms.
Who is in the commission BIC / BPC / and FBPC?
Serious and competent, international and local experts from business world will review your application in all of our competitions and give a fair judgment regardless of gender, race, nationality and/or ethnic background.
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