According to a research carried out by the Cameroon Startup Academy in
2015, one of the main causes of the alarming youth unemployment in
Cameroon is due to the fact that there are so many Universities and
Higher institutions providing general education with no marketable
skills needed by employers. This leads to a situation whereby, there are
thousands of youths graduating every year, but very few jobs to
accommodate them. Employers are interested in the skills and competence
of youths not the level of education nor the number of diplomas
obtained. The positive side of this massive unemployment rate is the
fact that, youths have learned how to be creative and innovative in
order to raise funds to feed themselves and provide for their needs.
However this potentials are not able to be fully exploited due to lack
of capital and technical know how to materialize their ideas into
potential businesses. One out of every three youths in Cameroon has a
business idea written down and stored in their boxes, waiting for the
perfect opportunity to impact the world with their creativity. Reason
for the creation of the Cameroon Startup Academy. To identify such
ideas, provide high intensive training on starting up and managing
businesses, provide templates of all forms needed to create, run and
manage a business, train youths on techniques of fund raising to startup
their businesses as well as source for investors.
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