The fourth edition of YouthNet’s ‘First Cut’ Inter Collegiate Entrepreneurship Competition 2017 was held successfully during the Hornbill festival from December 1 to 8 at Kohima. It is a programme under YouthNet’s ‘IMPACT 5000 by 18’ campaign, conducted in collaboration with the government of Nagaland.
Team Indegene from St. Josephs College, Jakhama emerged as the winner this year beating around 40 college students’ participants from all over Nagaland. The team of five enterprising students generated total revenue of Rs 80,000 from seed money of Rs. 20,000 given to them. Apart from keeping the profits as a part of the prize, they also win an educational trip.
The primary objective of ‘First Cut’ is to educate the students about entrepreneurship and opportunities in the private sector while giving them a taste of the challenges that ground realities pose, a press note from YouthNet informed.
Students from different colleges form teams and each team is given some seed money apart from a two-day orientation programme on marketing, accounting and business skill before the competition. They were constantly monitored throughout the process, it said. The other colleges that participated were Kohima College, C-Edge College, St. Josephs College and Modern College. Arjun Pithsali, Anini Nyenga and Amenla Aier headed the programme.
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