The LIIT powers entrepreneurs and innovators to turn their best ideas into products, services and jobs for young people across Loveworld. Indeed, one of the Loveworld’s key innovation objectives is creating more innovation and more jobs through fast-growing, innovative individuals and teams. This is why a cornerstone of the LIIT’s activities is not only to support innovation in existence, but also the creation of new business opportunities. The vital ingredients to fostering entrepreneurial activities are: ensuring access to finance, access to new customers and new markets as well as providing support for enhancing business skills. 

One of the key challenges to boosting entrepreneurship in Loveworld is shifting the perception and increase the recognition of entrepreneurs. This is why boosting and encouraging entrepreneurs and organizations to embrace innovation and taking it to market are among the LIIT’s top priorities. To this end, the LIIT will facilitate cross-learning meetings on entrepreneurship and act as a gate-opener, as Loveworld’s largest innovation network with amazing partners. It will initiate a number of activities in support of the Innovation Communities’ and innovation hubs’ entrepreneurship activities, notably the LIIT Awards.

Powering entrepreneurs

Together with our Innovation Communities, the LIIT places a strong emphasis on developing the next generation of entrepreneurs, encouraging and supporting innovators and our ministry organizations and departments to develop innovative ideas and take them to the global market, thus contributing to a more innovative and competitive Loveworld nation.

Through the startup creation and acceleration programmes, all LIIT Innovation Communities offer a range of support services that help entrepreneurs and innovators translate their ideas into successful, thriving ventures. These services focus on areas such as support for technology, market assessment, access to human resources, access to new markets and customers, mentoring and, last but not least, seed and venture capital through specific LIIT Innovation Communities innovation funds.

Key Features of LIIT Community Business Development 

• Powering the development of new businesses
• Organising Loveworld-wide specialized business support committed to finding the first customer for young ventures