The Young IT Entrepreneurs (YITE)
Business Support Scheme
Note: This initiative is designed to provide a
number of business support services and
facilities to Young Business Entrepreneurs
planning to set-up Information Technology startup companies and businesses.
Set-up the YITE Business Support
Scheme by 2002
Prerequisites
Non
P7.6
The scheme will provide qualified young
entrepreneurs soft-business start-up loans
guaranteed by the Government. The local
Commercial Banks and Micro-Finance Agencies
will be encouraged to provide the loan.
Ministry of Commerce,
Industry and Commerce
Plan-Action Linkages
Note: The YITE Scheme is to be set-up
by the Ministry of Commerce, Industry
and Tourism with the involvement of the
local Commercial Banks and MicroFinance Agencies
The Commercial Banks
Operating in Rwanda
Micro-Finance Agencies
P7.5, P8.1, H11.2
Another key component of the YITE Business
Support Scheme is a Management and Business
Training Programme targeted at potential Young
Entrepreneurs. Completion of this Training
Programme will be a pre-requisite for qualifying
for the YITE soft-business start-up loan. It is
possible that the YITE Business Training
Programme will be offered at the NVTC
Training Centers
Initiative to encourage Export-oriented Software
Development Companies and STPs to spend at
least 20-25% of their total budget on training and
software productivity and quality tools.
P7.7
Note: The Ministry of Finance and Economic
Planning to facilitate this Initiative by
introducing an incentive package within which
expenditure
on
training
and
software
productivity and quality tools by qualified
Software Companies and STPs are tax
deductible.
Prerequisites
Non
Plan-Action Linkages
Non
176
Ministry of Finance and Economic
Planning to implement special tax
instruments and incentive packages in the
2002/2003, Budget (and subsequent
Budgets within the time frame of NICI2005) to make expenditure on training and
software productivity and quality tools by
qualified Software Companies tax
deductible.
Ministry of Finance and
Economic Planning