Kohesio: discover EU projects in your region

project info
Start date: 1 March 2017
End date: 30 September 2018
funding
Fund: European Regional Development Fund (ERDF)
Total budget: 523 818,29 €
EU contribution: 445 245,55 € (85%)
programme
Programming period: 2014-2021
Managing authority: The Ministry of Environmental Protection and Regional Development of the Republic of Latvia
intervention field
n/a

Mentoring for youth entrepreneurship support

Border regions are characterized by high level of unemployment and low level of entrepreneurship among young people.Therefore, young peopleare looking for better perspectives and emigrate from a country or within the country to more attractive /prosperous regions, cities. Consequntly, in cross border regions the number of population is decreasing, population is aging. "BONUS LT_LV" project oriented on youth enterpreneurship problems: 1. young people have neither initial financial nor social capital, 2. young people are not confident and they lack experience of business development, 3. young people are afraid of failure; they lack idea development methods and good examples, which could stimulate to start business. The overall objective of the project is to foster entrepreneurship and youth businesses creation in theLithuania and Latvia border region. Main results of the project are: “BONUS LT-LV” model for business support services implementation and entrepreneurship promotion, and creative business support e-infrastructure (IT based), mentors network and number mentoring activities for youth implemented. The general aim is to show the border region youth that Business can be simple if you have an idea, a good team for idea development, some support from professionals/mentors, and general knowledge on business processes. Active partnership of project beneficiaries and social partners (schools, business companies, professional development centers, business support institutions) is foreseen in the project during the mentoring activities in the Inovators competition and Young entrepreneur competitions. For the sustainability of the project there are foreseen such instruments as “Bonus” open business motivation model, and Web based Innovation platform. Project is based on active business inclusion in to the mentoring and entrepreneurship development. “Bonus LT-LV” model will create a new approach on public services oriented on business support in border region.

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