Залуучуудын гарааны бизнесийг дэмжих төслийн тайлан

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THREE.YOUNG PEOPLE OPERATE
INNOVATIVE START-UPS
WITH GROWTH POTENTIAL:
The following activities and trainings to support start-ups were organized:
A. Training of trainers in Bayankhongor province
It is imperative to create a supportive environment for start-up development at the soum and local community
level and build the local capacity in order to ensure the ownership and sustainability. In this context, a training
of trainers has been organized with the aim to prepare trainers, build their capacity and create networking. A total
of 29 people were trained including representatives of the local government and non-government organizations
mandated to promote a start-up entrepreneurship, and volunteers, mentors and start-up entrepreneurs. During
the training, an introduction was made on the pilot project and its aim to promote youth start-up businesses,
and presentations were given on “What is Start-up business”, “Social & Google apps” and “Business Model
Canvas”.
B. Boot camp training
Design Thinking: A design thinking session was organized to develop the participants’ competency on cre-
ativity and innovation as well as the ability to find durable solutions. The participants in pairs were tasked to
produce a hand-made product within two hours timeframe taking into account the need, taste and wish of the
partner.
“Business Model Canvas” tool: Using a BMC tool, the participants were assisted in effectively planning and
developing start-up business or project ideas, and putting the ideas into business operation. The participants
have divided into groups and developed a canvas with the guidance of the instructor.
Rural start-up business: Lecture on rural start-up business development was organized covering issues such
as start-up business development in rural community, key concepts of start-up business and entrepreneur-
ship, major differences between small and big businesses, best practices and examples of experiences of
local and international start-ups.
C. Pitch event in Bayankhongor province
A 3 days “Pitch” event covering a 54 hours timeline has been organized to facilitate a talented team building
process, and to capacitate the participants to explore innovative business ideas, create business plans,
establish a company and facilitate fundraising. A total of 50 participants have benefited from the Pitch event
2016.11.03-07
Five days
Bayankhongor province
176 people
(97 female, 79 male)
Promote the development of start-up businesses in the local community, cultivate
a start-up ecosystem at aimag and soum level, support start-ups led by youth, and
build the capacity and mindset of the local youth to manage start-up businesses.
The pilot programme has involved active participation of the Governor’s office of
Bayankhongor aimag, Governor’s office of Khan-Uul District, VET School representa-
tives, Youth development center representatives, private companies in Bayankhongor
aimag and Khan-Uul district, Labour and Welfare Service Office, University of Science
and Technology, Business incubator center, as well as the participants of the pilot
program. The program has been organized in partnership with the Start-up Mongolia
NGO and Labour and Welfare Service Division of Khan-Uul district.
2016.11.09-11
Three days
Khan-Uul district of Ulaanbaatar
88 people
(39 female, 49 male)
PILOT PROGRAM TO SUPPORT YOUTH START-UP
BUSINESS IN BAYANKHONGOR PROVINCE AND
KHAN-UUL DISTRICT OF ULAANBAATAR
3.2
Date:
Duration:
Location:
Participants:
Objective:
Participation:

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“First we were not aware
of what and how to do,
but then as the training
moved on, we started to
grasp more and more,
and when started working
on project tasks we were
motivated and excited to
work harder and accom-
plish more”
Ms.P. Delgermaa,
3rd year student at Polytechnic
College, “Ener” team member
FIRST PLACE: “Green drill” team-
Project proposal on “Hole drilling
equipment for planting trees, forest-
ry, mining restoration services”
SECOND PLACE: “Shijir” team–
Project proposal on “Bath bombs
made with whirl bone oil”
THIRD PLACE: “Smart light”
team- Project proposal on “Lighting
system with new design”
The Pitch event has awarded the following teams
for their best and innovative business ideas:
FIRST PLACE: “Mazaakhai” team- Project proposal
on “Production of children’s yogurt based on own
resources”
SECOND PLACE: “Ener” team – Project propos-
al on “Wool socks production in Bayankhongor
aimag”
THIRD PLACE: “NuNomad” team- Project proposal
on “Modern deel dresses for local girls”
Local youth were inspired to start their own start-up business, their knowledge on the benefits and importance
of the start-up have increased, their capacity to work in a team and identify and use appropriate strategies
have improved;
International start-up practices were introduced to the participants with the aim to provide information and
knowledge on how to start properly start-up business and related practical lessons learned from the practices;
10 new start-ups that developed a new and innovative business model were formed;
A group of instructors was formed consisting of 21 people including volunteers and representatives of the
local government and non-government organizations mandated to promote start-up entrepreneurship devel-
opment. A capacity-building training has been provided to the instructors group on creation of an ecosystem
supportive for start-up business development, building community and network, and development of busi-
ness models;
The first place winner team was awarded with the seed fund that enables them to take up their business fur-
ther. The winner team has also received an award ticket to participate in the next stage of the pilot programme
which is an acceleration program.
D. Pitch event in Khan-Uul district
A 3 days Pitch event which has been organized through a 54 hours timeframe has been conducted for the
participants of Khan-Uul district. A total of 11 business ideas were selected for the Pitch event from the total
36 business ideas generated by 50 selected participants. 11 teams were formed around the business ideas to
develop the ideas further into more comprehensive business proposals. Guidance and advice were provided to
the teams by business mentors from the Start-up Mongolia NGO, Development solutions, Khasu Holding LLC,
World Bank (international consultant) and Wild digital agency. The Pitch event has awarded the following teams
for their best and innovative ideas:
Very successful - 50% Successful - 43% Average – 7%
Very successful - 82% Successful - 16% Average – 2%
Evaluation:
Evaluation:
“Very effective
training that set the path
for youth to start their
future careers”
Mrs.D.Otgonkhand,
“Ulziit” VTPC instructor at
Bayankhongor province
through receiving advice and guidance from business mentors and were equipped with relevant knowledge
and skills for entrepreneurship development and business ownership.

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Very successful - 65% Successful - 25% Average – 8%Participants’ evaluation:
“I really liked the pitch event setting, coordination and the content. I found out that many aspects
of our team project need improvement, and I am glad that we are given chance to improve our
project idea through further accelerator training
”
B.Bilguun, Vitgrass team member
B. Pitch events
A 3 day “Pitch” event covering a 54 hour timeline has been organized in all target areas with overall goal to
facilitate a talented team building process, and to capacitate the participants to explore innovative business
ideas, create business plans, establish a company and facilitate fundraising. The briefs of each pitch event
in target areas are given below.
BAYANGOL DISTRICT OF ULAANBAATAR
The total of 39 business ideas was presented by the participants, of which 11 innovative ideas were select-
ed to proceed with developing their business proposals further with assistance from mentors. The following
teams were awarded for their best and innovative business ideas:
FIRST PLACE:
“Livon Featuring CNC” team for their
proposal on “LIVON brand leather bags”
SECOND PLACE:
“Vitgrass” team for their proposal on “Immune
supporting medical supplement using vitgrass”
THIRD PLACE:
“BJB” team for their proposal on “Felt
panel using Mongolian sheep wool”
Startup teams at Bayangol District Pitch Event | 2017.02.05
Youth at startup bootcamp training in Bayangol District | 2017.02.02 Vitgrass Team working on its business idea, Bayangol District | 2017.02.05

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DARKHAN-UUL PROVINCE
FIRST PLACE:
“Bee” team for their
proposal on “Organic
honey based on their
resources”.
SECOND PLACE:
“Mongol medal” team for
their proposal on “Medals
with Mongolian unique
design”.
THIRD PLACE:
“Khaan welding” team for
their proposal on “Bath-
room towel dryer using
non-corrosive material”.
“Within only 3 days I had a chance to improve the business idea, which I had in my mind for a
while, into a concrete business proposal. Further on, given the opportunity to get enrolled in ac-
celerator training, my business idea will come to life within the matter of 4-5 months. I am very
happy that I will be able to achieve my goal to provide pure honey products for Mongol people
”
Kh.Munkhchimeg, “Bee” team member.
D.Naranbaatar presenting his team’s business idea at Darkhan-Uul province Pitch
event | 2017.02.12
Youth at startup bootcamp training in Darkhan-Uul province | 2017.02.10
Mentors assisting in all stages
of the pilot program,
Darkhan-Uul province |
2017.02.10
Startup teams at Darkhan-Uul province Pitch event | 2017.02.12

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KHOVD PROVINCE
“The main issue we face is lack of knowledge to improve our business ideas and limited funds
required for initiating the business. This start-up programme is very beneficial to us because it
responds to all these needs. I am happy to be part of it.”
N.Erdenekhishig, “Shoe production” team member
Design thinking session at bootcamp training in Khovd province | 2017.03.17Start-up business & Enterpreneurship lecture in Khovd province | 2017.03.17
Startup teams at Khovd province Pitch Event | 2017.03.19
FIRST PLACE:
“The power of 100 tugriks” team for their
proposal on “Making buuz and khuush-
uur (traditional dumplings) with Mongol
livestock intestines, at minimal cost”.
SECOND PLACE:
“Shoe production” team for their proposal
on “Production of shoes with unique
design”.
THIRD PLACE:
“B-grow” team for their proposal on
“Building automated indoor green-
house”.

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Week 3, Training on detailed design thinking
methodology | 2017.03.03
S.Erdenebat, Director of Startup Mongolia NGO,
presenting on Customer discovery process,
Week 1 | 2017.02.18
Week 2, Training on business model
generation | 2017.02.25
START-UP ACCELERATOR PROGRAMME3.3
The accelerator programme is part of startup support scheme of the project. This is the first programme
organized by the project. Five start-up teams who successfully participated in the project start-up pitch
events organized in Darkhan-Uul province and Khan-Uul and Bayangol districts of Ulaanbaatar continued
with the accelerator training with the total duration of five weeks. The details of the training are below:
February 18 - March 25, 2017
Ulaanbaatar
20 people (9 female, 11 male)
Provide assistance and guidance to the selected start-ups for the duration of five weeks
to build their capacity, improve business ideas and further develop initial businesses to
become more sustainable.
The start-up accelerator training was organized in partnership with Startup Mongolia NGO
involving five successful start-up teams from Darkhan-Uul province and Khan-Uul and
Bayangol districts of Ulaanbaatar. It was facilitated by six key trainers and seven mentors.
Date:
Location
Participants:
Objective:
Participation:
Outcome:
Next steps: The project will organize a demo day where start-up teams will pres-
ent their business ideas to investors for potential fundraising. Seed funds will be
provided by the project for start-up teams that have successfully participated in the
pilot programme. Start-up support scheme will be reviewed and improved based on
results and lessons learnt during pilots to be implemented in 2017.
Participating teams strengthened their knowl-
edge on such topics as customer development;
sales purchase agreement; how to offer value to
customers;how to make a pitch for investment;
what is Minimum Viable Product and how to test
it before starting a full product; how to use more
detailed design thinking approach for making and
improving prototype of their product; and how to
do a financial planning, and properly calculate
business income and expenditures. During the
training, the participants applied their acquired
theoretical knowledge into practice by preparing
their initial full business models; estimating their
detailed investment required for their business;
and designing their own logo and fliers.

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The winner-first place team was given access to further business
accelerator training program to improve their business idea and
shall receive seed fund from the project after its completion. The
second and third place teams received vouchers to receive finan-
cial support from Aimag Labour and Welfare Department (through
Employment Promotion fund).
“Thanks to the startup program we were able to convert the big project idea on establishing
kinetic power plant into innovative startup business proposal with smaller but well defined
target group. We came up with a proposal to establish a micro power station with the ca-
pacity of producing energy for 2-3 rural households. The training program was organized
with a very innovative approach, we have learnt a lot from the startup mentors.
”
N.Òegshtur, “Khot Ail – unlimited consumption” team leader
B. Pitch events
A 3 day “Pitch” event covering a 54 hour timeline has been organized in all target areas with overall goal to
facilitate a talented team building process, and to capacitate the participants to explore innovative business
ideas, create business plans, establish a company and facilitate fundraising. The briefs of each pitch event
in target areas are given below.
ZAVKHAN AIMAG
FIRST PLACE:
“Khot Ail – unlimited consumption” team
for their proposal on “developing power
generator driven by kinetic energy”
SECOND PLACE:
“Green grove” team for their proposal
on “producing health supplement prod-
uct with sea buckthorn and calcium” ”
THIRD PLACE:
“Eco food” team for their proposal on
“growing greenhouse vegetables at
the aimag”
Zavkhan province startup teams
2017.04.19
Design thinking training, Zavkhan province | 2017.04.17

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T.Bold, Negtgel team member presentingWorking on business idea, Govi-Altai province
2017.04.22
GOVI-ALTAI AIMAG
FIRST PLACE:
“Altai organic tea” team for their proposal
on “producing organic green tea by local
organic raw materials”.
SECOND PLACE:
“Negtgel” team for their proposal on
“producing the coal based eco fuel”.
THIRD PLACE:
“Artichoke” team for their proposal on
“making artichoke products at the aimag”.
shall receive seed fund from the project after its completion. In
total four teams, including the second and third place teams as
“We heard about this start-up program over a year ago and were anxiously waiting for it to
be organized in our aimag. Our business idea was to produce packet tea with sulkhir flour
which has antibacterial effect and if used daily can be a good preventative method against
diseases. Project startup program opened us a gateway to develop our idea into a business
project. “
N.Gantulga, “Altai organic tea” team leader
Govi-Altai province startup team
2017.04.23
well as additional two teams were selected and received vouchers
for financial support from Aimag Labour and Welfare Department
(through Employment Promotion fund).

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FIRST PLACE:
“Suun tsatsal” team for their proposal
on “producing candies made of camel
milk”.
SECOND PLACE:
“Egozaur” team for their proposal on “making
Lego game to develop children’s intellectual
skills”.
THIRD PLACE:
“Wonderful choice” team for their
proposal on “making jewelry and
export them abroad”.
UMNUGOVI
shall receive seed fund from the project after its completion. Se-
lected two (2nd and 3rd place) teams received vouchers to receive
“We are very happy to be given the opportunity to work as one team and develop our business
idea. Producing milk candy is only one of many ideas we had, in the future we are planning to
accomplish many other things we have in mind.”
Ì.Enkhgerel, “Suun tsatsal” team leader
Umnugovi province startup teams
2017.05.21
Bootcamp training, Umnugovi province | 2017.05.19 O.Ariunbold, Wonderful Choice team leader presenting
financial support from Aimag Government. Additional two teams
(4th and 5th place) received certificates to receive financial sup-
port from Aimag Labour and Welfare Service Depertment (through
Employment Promotion fund).

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Participants’ evaluation:
Very successful - 77%
Successful - 23%
Average – 0%
CAPACITY BUILDING AND EXPERIENCE SHARING TRAIN-
ING-SEMINAR FOR VET SCHOOLS’ ALUMNI ASSOCIATION
3.3
VET schools alumni
association workshop
2017.04.13
Date:
Location:
Participants:
Objective:
Participation:
2017.04.12-13
Ulaanbaatar
Build capacity of alumni associations
of VET schools in targeted areas and
support startup activities of VET grad-
uates through alumni associations.
The training workshop was organized
involving representatives from Voca-
tional Education and Training (VET)
institutions, polytechnic colleges
in aimag and districts; directors of
Alumni Association of VET schools
and polytechnic colleges and western
regional RMC.
START-UP DEMO DAY3.2
Kh.Munguntsooj, member of Darkhan-Uul startup team
Date:
Location:
Participants:
Objective:
Participation:
2017.04.08
Ulaanbaatar
Facilitate start-up teams and com-
panies involved in the project accel-
erator training program to present
their ideas to potential investors.
The training workshop was organized
in partnership with Startup Mongolia
NGO involving representatives from
Ministry of Labour and Social Pro-
tection; General Agency for Labour
and Welfare Service; Bayangol and
Khan-Uul district Labour and Wel-
fare Service Divisions; Mongolian
Employers’ Federation; employers
and winner startups.
The following teams from Khan-Uul, Bayangol districts and
Darkhan-Uul Province officially presented their business
ideas in front of investors:
LIVON team (Product: Leather bag)
Green Drill team (Service: Drilling tree hole)
Honey (Product: Organic honey in a small package)
Yalguun team (Product: Bath bomb and feet dip using
whirl bone)
Ìongol eco soyolj team (Product: Wheat grain juice)
Junior Chamber International (JCI) Mongolia chapter partici-
pated in the event and offered the startup teams to participate
in the next JCI investors’ Demo Day.
Outcome:

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SECOND ACCELERATOR TRAINING PROGRAM
FOR START-UPS
3.6
Date:
Location:
Participants:
Objective:
Participation:
16 May - 21 June 2017 (5 weeks)
Ulaanbaatar and Online
Provide assistance and guidance to
the selected start-ups for the dura-
tion of five weeks to build their ca-
pacity, improve business ideas and
further develop initial businesses
to become more sustainable.
The start-up accelerator training
was organized in partnership with
Startup Mongolia NGO involving
seven successful start-up teams
from Umnugovi, Zavkhan, Khovd
and Gobi-Altai aimags. It was fa-
cilitated by six trainers/mentors.
Participating teams strengthened their knowledge on
such topics as customer development; sales purchase
agreement; how to offer value to customers; how to make
a pitch for investment; what is Minimum Viable Product
and how to test it before starting a full product; how to use
more detailed design thinking approach for making and
improving prototype of their product; and how to do a fi-
nancial planning, and properly calculate business income
and expenditures. During the training, the participants
applied their acquired theoretical knowledge into practice
by preparing their initial full business models; estimating
their detailed investment required for their business; and
designing their own logo and fliers.
Outcome:
Participants’ evaluation: Very successful - 71% Successful - 29% Average – 0%
Accelerator training program-2
2017.06.21
Accelerator training program-2
2017.06.21

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The winner first and second place teamswere given access to further business accelerator training program
to improve their business idea and shall receive seed fund from the projectafter its completion.
Successful - 37%
Average – 0%
“I am very happy to be part of the start-up support activity organized in the western three
soums of remote Khovdaimag, which is located over 1700kms away from Ulaanbaatar. It has
been a tremendous effort that remote soum young entrepreneurs and youth interested in start-
up business were gathered together, attended the training and became one community.
”
B.Uuganbayar, “Sofa” team leader
B. Pitch events
A three day “Pitch” event covering a 54 hour timeline has been organized in all target areas with overall
goal to facilitate a talented team building process, and to capacitate the participants to explore innovative
business ideas, create business plans, establish a company and facilitate fundraising. The briefs of each
pitch event in target areas are given below.
UENCH SOUM, KHOVD AIMAG
The total of 22 business ideas was presented by the participants, of which seven innovative ideas were
selected to proceed with developing their business proposals further with assistance from mentors.The
following teams were awarded for their best and innovative business ideas:
FIRST PLACE:
“Sofa” team for their plan to make sofa
using their own experience.
SECOND PLACE:
“Sea buckthorn” team. Based on their
own crop fields, these youth make-
products using seabuckthorn.
THIRD PLACE:
“Egg laying hen” team for their pro-
posal to establish a chicken farm.
Uench soum winners. 2017.09.15
Bootcamp training. Uench soum. 2017.09.14Sofa Team. Uench soum. 2017.09.15

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UVS AIMAG
FIRST PLACE:
“Wooden Lego” team for their proposal on
producingwooden lego.
SECOND PLACE:
“Sea buckthorn soap” team for their
proposal on producing soap with sea
buckthorn”.
THIRD PLACE:
“Perfect Solution” team for their proposal
on making a small vehicle for household
use.
“Thanks to the training we learnt that if time is used effectively there’s so much that can be
achieved during 54 hours. Our team developed a project to produce soap with bone fat and sea
buckthorn, and I am happy that we won the second place with this idea. This activity ensured all
types of support to the youth, and I wish that it will be organized twice a year in the future“
B.Bayarmaa, “Sea buckthorn soap” team leader
Uvs winners. 2017.10.04
The winner first and second place teams were given access to further business accelerator training program
3.1
Bootcamp training. Uvs. 2017.10.02 Mentors helping startups. Uvs. 2017.10.03

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BAYAN-ULGII AIMAG
FIRST PLACE:
“Sakhar” team for their proposal to make
soap with medicinal herbs.
SECOND PLACE:
“Eco stove” team for their proposal to
make eco stove with low consumption
of coal.
THIRD PLACE:
“Sapa” team for their proposal to make
Kazakh national dairy products.
“Thanks to this training we were able to learn from very competent teachers about how to work
in a team, what to consider when starting a business, how youth can succeed and many other
aspects. Our team developed a project on making an iron knife with Kazak national prints and
special packaging. I am happy that we won the fourth place with this business idea.“
Ò.Akhmeruet, “Kazak Nation” team leader
Bayan-Ulgii winners. 2017.10.08
Mentors helping startups. Bayan-Ulgii. 2017.10.07 Bootcamp training. Bayan-Ulgii. 2017.10.06
3.1
The winner first and second place teams were given access to further business accelerator training program

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Successful - 24%
Average – 0%
ACCELERATOR TRAINING PROGRAM III
3.2
Date:
Location:
Participants:
Objective:
Participation:
2017.11.27-30
Ulaanbaatar
Provide assistance and guidance to the selected start-ups for the duration of five weeks to build their ca-
pacity, improve business ideas and further develop initial businesses to become more sustainable.
The start-up accelerator training was organized in partnership with Startup Mongolia NGO involving eight
successful start-up teams from Uvs, Bayan-Ulgii, Zavkhan, Bayankhongor aimagsand Uyench soum of
Khovd. It was facilitated by seven trainers/mentors.
Participating teams strengthened their knowledge on such topics as customer develop-
ment; sales purchase agreement; how to offer value to customers; how to make a pitch for
investment; what is Minimum Viable Product and how to test it before starting a full product;
how to use more detailed design thinking approach for making and improving prototype of
their product; and how to do a financial planning, and properly calculate business income
and expenditures. Three teams have already established relations with their designated
mentors.
Results:
D.Oyungerel on Business Model. 2017.11.27 S.Erdenebat on Customer Development. 2017.11.28 Group work presentations. 2017.11.29

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START-UP DEMO DAY3.3
Date:
Location:
Participants:
Objective:
Participation:
2017.12.01
Ulaanbaatar
Facilitate start-up teams and companies involved in the project accelerator training program to present
their ideas to potential investors.
The training workshop was organized in partnership with Startup Mongolia NGO involving representatives
from Ministry of Labour and Social Protection; General Agency for Labour and Welfare Services; Project
target area Labour and Welfare Service Departments; Mongolian Employers’ Federation; investors and
winner startups.
B.Gerelkhuu presenting Wooden Products Design.
2017.12.01
M.Enkhgerel presenting Camel Milk Products Project.
2017.12.01
B.Unenbayar presenting Leather product project.
2017.12.01
Results:
The following teams from Umnugovi, Bayan-Ulgii, Uvs, Govi-Altai aimags and Khan-Uul, Bayangol districts of Ulaanbaatar officially
presented their business ideas to the investors and other participants:
LIVON- team (Product: Leather bag)
Suun tsatsal - team (Product: Sweets from camel milk)
Tavan salaa - team (Product: Knife with national design)
Shijir - team (Product: Bath bomb and feed dip made of
whirl bone fat)
Wood lego - team (Product: Wooden lego team)
Sakhar - team (Product: Soap made of medicinal herbs)
Altai organic tea - team (Product: Instant tea with Gobi
feather grass)
The project provided financial support of 10 million tugrug to each of the following three successful start-up teams: “Sakhar” and
“TavanSalaa” teams from Bayan-Ulgii, and “Mod-Lego” team from Uvs.

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Training on financial management, 2018.03.17
ACCELERATOR TRAINING PROGRAM I - 20183.1
Date:
Location:
Participants:
Objective:
Participation:
Date: February 22 – March 22, 2018 (5 weeks)
First 4 weeks online, 5th week in Ulaanbaatar.
Provide assistance and guidance to the selected start-ups for the duration of five weeks to build their ca-
pacity, improve business ideas and further develop initial businesses to become more sustainable.
The start-up accelerator training was organized in partnership with Startup Mongolia NGO involving three
successful start-up teams fromBayangol and Khan-Uul Districts of Ulaanbaatar. It was facilitated by seven
trainers/mentors.
Results:
Participating teams strengthened their knowledge on such
topics as customer development; sales purchase agreement;
how to offer value to customers; how to make a pitch for in-
vestment; what is Minimum Viable Product and how to test it
before starting a full product; how to use more detailed design
thinking approach for making and improving prototype of their
product; and how to do a financial planning, and properly cal-
culate business income and expenditures. At the end of the
training teams were able to clearly identify members’ roles and
tasks and prepared their first initial full business models.
As part of Accelerator training program the following two sep-
arate trainings were organized successfully.
“Training on creative marketing and sales skills training”:
The training, aimed to provide a systematic knowledge and skills
in marketing and sales, was facilitated by Ms.G.Oyungerel, Devel-
opment Solutions NGO and Ms.Araki Shino, JICA consultant. As a
result, the participants prepared their initial sales and marketing
plan, and developed their strategy on how to improve their sales.
They also succeeded to see their business sales activity realisti-
cally and develop their plans accordingly. Half of the participants
agreed to take further individual counselling from the trainers.
“Training on basic understanding of financial
management and accounting in start-up business”:
An interactive training, aimed to provide young entrepreneurs
and start-ups with basic understanding of financial management,
was facilitated by Achit Consulting Company. As a result, partic-
ipants learnt about the basic concept of financial management,
how to extract necessary information from the balance sheets
and analyze that information for everyday as well as strategically
important decisions. Participants are now able to manage their
business as a finance expert, and assess and reduce potential
risks, and make decisions based on their business finance data.
Training on marketing, 2018.03.11
Accelerator training, 2018.03.19
Accelerator training, 2018.03.12 Training on financial management, 2018.03.17
Training on marketing, 2018.03.10

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Successful - 39%
Average – 0%
Participants’
evaluation:
“I heard about this program about a year and half ago from a friend of mine, and have partic-
ipated in both of the events. The project that our team got the prize for is called Bodygram – a
fitness management system. This system is composed of five different functions that have their
own distinct benefits. Users can monitor their data, and also get connected with other users.
Compared to other system applications, ours has applied the latest technology, has been test-
ed many times and has been continuously updated. The product is now ready for use in the
market.”
Ì.Enkh-Àmgalan, “Bodygram” team leader
FIRST PLACE:
“Bodygram” team for their plan to devel-
op mobile application for fitness.
SECOND PLACE:
“Aquaponics” team for their plan to
plant vegetable by aquaponics system.
THIRD PLACE:
“Bizcard” team for their plan to
develop mobile application for
e-business card.
Start-up winners in Khan-Uul district, 2018.02.04
Mentors assisting start-ups in Khan-Uul
2018.02.03
Boot camp training in Khan-Uul district
2018.02.02
KHAN-UUL DISTRICT OF ULAANBAATAR
The total of 24 business ideas was presented by the participants, of which ten innovative ideas were select-
ed to proceed with developing their business proposals further with assistance from mentors.The following
The winner team was given access to next step business accelerator training to improve their business idea
and shall receive seed fund from the project after its successful completion.
3.2

20
BAYANGOL DISTRICT OF ULAANBAATAR
The total of 28 business ideas was presented by the participants, of which eleven innovative ideas were
selected to proceed with developing their business proposals further with assistance from mentors. The
FIRST PLACE: “Aragont” team for their
plan to produce leather products with
unique craft design.
SECOND PLACE: “One group” team
for their plan to develop web platform
for online training service.
THIRD PLACE: “Egshig cosmetic” team
for their plan to make organic cosmetic
product.
“It’s been 2 years now that I started organic cosmetics business called “Egshig”. I have had a
dermatological problem for over 20 years, and therefore I wanted to make a product that would
help people with skin disease including allergy. In Mongolia, people who are running or interest-
ed to run a start-up business, they encounter many obstacles such as getting bank loan. Banks
put high requirements, and assistant for us, start-ups is rather limited. This project was able to
see this gap, and I’m very happy to receive this opportunity. In a near future, I’m working to have
my own place for production and marketing of the products.”
D.Bilguun,“Egshig cosmetics” team leader
Start-upwinnersinBayangoldistrict,2018.02.25
Boot camp training in Bayangol district, 2018.02.23 Design thinking training in Bayangol district, 2018.02.24
3.2
The winner two teams were given access to further business accelerator training program to improve their
business idea and the best one shall receive seed fund from the project after its successful completion.

21
YOUTH
EMPLOYMENT
PROJECT
FIRST PLACE: “Jargalkids” team for their
plan to produce cashmere clothes for kids
with unique design.
SECOND PLACE: “Green” team for their
plan to use wheatgrass for producing
immune supporting supplements.
THIRD PLACE: “Shonkhor” team for
their plan to produce vegetable oil with
spices.
“We are producing comfortable and fashionable clothes for children made of wool. Especially
for children’s clothes in Mongolia, the choices are rather limited, and that is why this idea came
to me. I liked this program because it has been an effective combination of training, hands on
experience and a competition. The program succeeded to provide a complete set of knowledge
and skills for participants.”
M.Anudari, “Jargalkids” team leader
Start-upwinnersinDarkhan-Uul,2018.04.01
Bootcamp training in Darkhan-Uul, 2018.03.31 Design thinking training in Darkhan-Uul, 2018.03.31
DARKHAN-UUL AIMAG
The total of 37 business ideas was presented by the participants, of which eleven innovative ideas were
selected to proceed with developing their business proposals further with assistance from mentors. The
3.2
The winner team was given access to further business accelerator training program to improve their busi-
ness idea and shall receive seed fund from the project after its successful completion. The teams that
ranked from second to fifth places have been awarded with a voucher to receive interest free loan from the
Labour and Welfare Service Department.

22
BAYANKHONGOR AIMAG
The total of 32 business ideas was presented by the participants, of which twelve innovative ideas
were selected to proceed with developing their business proposals further with assistance from
mentors. The following teams were awarded for their best and innovative business ideas:
FIRST PLACE: “Fruit tree” team for their
plan to plant fruit trees and harvest fruit for
local customers.
SECOND PLACE: “Serelt” team for
their plan to make wooden artworks,
and wood carved souvenirs.
THIRD PLACE: “Balchirgana” team for
their plan to produce dried vegetables.
“As a young man who’s been doing multiplication of fruit trees and bushes for the last 10 years,
I must say that this international project has planted a green tree in our today’s society. The
business project that we got the prize for was about planting apple tree in Bayankhongoraimag,
and develop that business to make a local brand. This program seemed to be quite unique in a
way that it gathered many local youth, taught them many things, had them compete according to
detailed criterion, and provided grants to support their business idea.”
A.Turbold, “Fruit tree” team leader
Start-upwinnersinBayankhongor,2018.04.15
Business model training in Bayankhongor, 2018.4.14 Business model training in Bayankhongor, 2018.04.14
3.2
The winner team was given access to further business accelerator training program to improve their business idea and shall
receive seed fund from the project after its successful completion. The teams that ranked from second to fifth places have
been awarded with a voucher to receive interest free loan from the Labour and Welfare Service Department.

23
YOUTH
EMPLOYMENT
PROJECT
FIRST PLACE: “Soyombo” team for their
idea to produce sleeping bags with sheep
wool.
SECOND PLACE: “Golden Star” team
for their plan to produce jelly drink pow-
der with fruits and quark.
THIRD PLACE: “Bronze horse” team for
their plan to produce leather products.
“We participated in the program with a business idea to produce sleeping bags with wool materi-
al. First we only came with a simple idea, but throughout the program we succeeded to transform
this idea fitting more to customers’ needs. We developed the product to be used 3 different pur-
poses: sleeping bag, carry-on bag and blanket. We learnt a lot on how a product can be developed
depending on the product type and targeted group. In the future we are planning to have our
products exported to Norway and USA market.” B.Myagmartseren, “Soyombo” team leader
Start-upwinnersinGovi-Altai,2018.04.17
Presenting business models in Govi-Altai, 2018.04.18 Boot camp training in Govi-Altai, 2018.04.17
GOVI-ALTAI AIMAG
The total of 49 business ideas was presented by the participants, of which ten innovative ideas
3.2
The winner team was given access to further business accelerator training program to improve
their business idea and shall receive seed fund from the project after its successful completion.
The teams that ranked from second to fifth places have been awarded with a voucher to receive
loan without interest from Labour and Welfare Service Department.

24
ZAVKHAN AIMAG
The total of 25 business ideas was presented by the participants, of which ten innovative ideas
FIRST PLACE: “Smart furniture” team
for their plan to produce smart wooden
furniture.
SECOND PLACE: “Light tree” team for
their plan to produce lighting devices.
THIRD PLACE: “White milk benefits”
team for their plan to produce tasty
yogurt.
“Our business idea was to produce wooden furniture using recycled wood for households, who
have limited space at home, and would prefer to have economical solution when buying furniture.
I learnt a lot about how to write a business project proposal, and how to present the ideas prop-
erly. In near future we would like to develop this idea even further, to supply western region and
national level”
B.Davaasambuu, “Smart furniture”team leader
Start-upwinnersinZavkhan,2018.04.22
tart-ups presenting business models in Zavkhan, 2018.04.22 Start-ups with mentors in Zavkhan, 2018.04.21
3.2
The winner team was given access to further business accelerator training program to improve their business idea and shall
receive seed fund from the project after its successful completion. The teams that ranked from second to sixth places have
been awarded with a voucher to receive loan without interest from Labour and Welfare Service Department.

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