The Nauru Entrepreneurship Development Project, made possible through funding under bilateral arrangements with Australia, will contribute to develop Small and Medium Enterprise (SME) sector as part of Nauru’s National Sustainable Development Strategy 2005-2025.
The project aims to establish an Enterprise Resource Centre that will cater for both ongoing and potential business owners. The Centre will be staffed by a skilled Business Development Specialist, who will coach, mentor, motivate and train individuals and groups, nurturing their development at every stage of the business, enabling them to achieve their dreams and aspirations, said a regional UNDP mission’s press release. Through the provision of IT, email, fax and printing services, the centre will be a resource for those who operate their businesses from home. It will also have a library of reference materials and will provide professional advice on a range of areas such as packaging, pricing, customer service and marketing. Formal training will also be provided under the project.
Households in Nauru will also have access to financial literacy training to be provided by the centre. The idea is that families will have basic money management skills enabling them to manage their household income better and to invest towards their social, economic and financial goals.
The Nauru government has allocated space for the project within the central Civic Centre complex and currently is in the process of recruiting the Business Development Specialist. The Enterprise Resource Centre will commence activities in August 2009, with a training needs analysis on enterprise opportunities and business awareness, the release said. An initial workshop for potential entrepreneurs will be held in September 2009.
For more information on the island country, look here.