Thematic workshop in the framework of project Young Entrepreneurs Succeed!

The partners of the transnational the project “SCALING TRUST-BASED PARTNERSHIP MODELS TO RECHARGE YOUTH ENTREPRENEURSHIP: SUPPORTING UNDERSERVED COMMUNITIES WITH INNOVATIVE ENTREPRENEURSHIP SUPPORT INSTRUMENTS (TPM-RYE) PROJECT “, in collaboration with the Cooperative Bank of Chania organized a thematic workshop on providing business development services to young unemployed, which are out of work-education-training (NEETs). The thematic workshop held in Chania during the weekdays 4 to of 6 September 2019. Attended by the partners of the project, members of the Cooperative Bank of Chania and local business development service providers.

During the workshop, the integrated methodology for supporting young entrepreneurs implemented by the Youth Enterprise International (YBI) network in 51 countries around the world and KIZ, an expert in self-employment and professional reorientation, was presented. In particular, the process of preparing and supporting a young entrepreneur was thoroughly discussed and analyzed, both during the pre-business start-up period as well as during its initial development phase.

Attendees, representing their stakeholders, agreed that the right combination of financial and non-financial services is needed to increase the chances of viability of businesses set up by NEETs. As regards financial services, the key point has been the recruitment of appropriate business development agents, who will prepare NEETs to be business ready to receive funding from banking institutions to implement their business plans. Concerning non-financial services, the parties agreed that the support process should not be limited to pre-prepared business plans and theoretical assessments but should extend to the entrepreneur’s psychological preparation and linking financial predictions with real market research data.

The Scaling trust-based partnership models to recharge youth entrepreneurship: Supporting underserved communities with innovative entrepreneurship support instruments (TPM-RYE) project, benefits from €2,3M grant from Iceland, Liechtenstein and Norway through the EEA and Norway Grants Fund for Youth Employment. The aim of the programme is to activate unemployed youth to access the labour market and promote entrepreneurship

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