P1 Competitive economy
1.2. More entrepreneunial youth
01.11.2020 - 31.10.2022
The project is going to address such common Latvian and Estonian territorial challenges, as slow economic growth, insufficiently active business environment, high unemployment among youth and lack of entrepreneurial education for people under 18. Partners will target girls aged 15-18 year, who are enrolled in secondary education as they often face the older generation stereotype according to which a woman should rather focus on getting married and giving birth to children than on making a career or running her own company. Involvement in entrepreneurship is frequently disapproved.
Throughout the project, the partners will develop a multi-functional ICT learning platform and a 30-hour Study module on youth entrepreneurship support, which will be piloted during 16 events. These events are idea-generation workshops “Come with nothing, leave with a goal”, idea assessment workshops “How good are you?”, two-day cross-border hackathons “Make your idea a reality”, cross-border capacity- and team-building events and closing conferences.
In order to ensure the sustainability of outputs and to facilitate knowledge an expertise transfer, the partners will compile Guidelines for relevant beneficiaries, such as secondary schools and other educational institutions, incubators, municipalities and NGOs, as well as they will conduct trainings for them.
In the framework of the project, at least 20 joint cross-border student companies (SCs) will be created in two rounds. They will go through a simulated process of business start-up and development starting from a business idea and ending with a fully elaborated business plan. Each SC will operate for 1 year under supervision of project staff and with a support of mentors and experts.
Detailed methodology on creation and governance of SCs is available in the Attachments section in eMS.
Expected project result directly contributes to the Programme Result Indicator – number of established SCs.