Kohima, November 30 (MExN): 16 teams from six districts will compete for 10 days to be crowned the ‘First Cut’ winner of 2016. The Hornbill First Cut business competition will be held during Hornbill Festival from December 1 to 10 in Kohima, Nagaland. This is the third edition of First Cut, an inter-collegiate business plan ideation and execution competition. Organised under YouthNet’s ‘IMPACT 5000 by 18’ campaign (a collaboration with the Government of Nagaland), the Chief Mentor of the programme is Geoffrey Yaden, Editor, Nagaland Post.
A press release from YouthNet stated that 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.
Students will form teams and each team will be given seed money of Rs. 20,000. Before the competition starts the teams will also be trained on marketing, accounting and business skill and constantly monitored throughout the competition.
The teams participating in this year’s edition are from colleges from Longleng, Mon, Zunheboto, Kiphire, Dimapur and Kohima.
