The Foundation for Youth Initiative (FYI), in partnership with the Cooperative Bank and Orange Corners, successfully launched the Orange Corners Innovation Fund (OCIF) on 26th February 2025 in South Sudan.
Under the theme “Empowering Aspiring Young Entrepreneurs to Unleash Their Entrepreneurial Potential”, the event brought together key stakeholders, including young entrepreneurs, business leaders, financial institutions and Orange Corners alumni to discuss opportunities and challenges in financing startups and strengthening the entrepreneurial ecosystem in the South Sudan.
The launch featured remarks from key speakers, including Deputy Ambassador Bouwe Jan Smeding from the NL Embassy in South Sudan; Justo Wani Jada, Deputy Vice Chancellor of the University of Juba; Professor John Jal Wang, Chairman of the Board of Directors of FYI; Geerten Schurink, Orange Corners Programme Advisor for South Sudan; and Albino Gaw, CEO of FYI. Speakers emphasised the importance of accessible funding, mentorship and policy support to create an enabling environment for young entrepreneurs.
A key highlight was the panel discussion on access to finance, where industry leaders and entrepreneurs shared insights on securing funding and scaling businesses. The panel featured our own OCIF advisor for South Sudan Paulien Peet as well as a representative from Cooperative Bank, Cypress and two entrepreneurs: the CEO of Ubuntu Farms and an Orange Corners alum. The discussion covered the importance of business networks and strategic partnerships, participation in business associations to influence policy, and the need for market research and skill development. Speakers also addressed financing challenges, including land ownership and rental costs for farmers, and highlighted financial opportunities such as OCIF grants and Youth Innovative Accounts at the Cooperative Bank and alternative financing options, including support from friends and family.
With the successful launch of OCIF, plans are underway for bootcamps and pitch competitions for Orange Corners alumni. The initiative will also use a revolving fund model, where repaid loans will finance new businesses, ensuring continuous support for young entrepreneurs. Additionally, more networking and showcasing opportunities will be introduced to connect alumni with investors and partners.
The event, attended by nearly 100 participants from Orange Corners South Sudan cohorts 1 and 2, featured networking sessions aimed at fostering collaboration and knowledge exchange. Extensive media coverage further amplified the significance of youth entrepreneurship in South Sudan. With these developments, OCIF is set to be a transformative force in supporting young entrepreneurs with the financial resources, mentorship, and opportunities they need to succeed.
