Official title of the project

Young, Employed and Independent

Project information

Region / City
Cities
Kragujevac, Kraljevo
Total budget of programme / project

186264

Implementation period
2009. Jan - 2011. Jan
Expected results
  • Level of entrepreneurship awareness among youth increased
  • Competitiveness of existing and start up businesses managed by young people improved
  • Business skills and competences of young people improved
  • Development of an operational financial mechanism for provision of financial support to establishing new and developing existing businesses managed by young people
  • Competence of project partners for active support of youth entrepreneurship and self employment and project implementation improved
Beneficiary

Business Start-Up Center Kragujevac

Partners

Regional Chamber of Commerce, Serbia; Regional Regional Agency for Spatial and Economic of Raski and Moravicki Districts, Serbia; Regional Chamber of Commerce Kraljevo, Serbia; SPARK, The Netherlands

Summary of the project

Economic activity in Serbia in recent years has been characterised by a decrease in manufacturing output accompanied by an increase in unemployment particularly within the 18 – 34 age group. Activities og this project will be conducted in 4 districts in central Serbia - Sumadija Pomoravlje, Raski and Moravicki. Objective of the project is to accelerate economic growth in central Serbia by facilitating the start up of new enterprises, the growth and competitiveness of existing SMEs, job creation and employment opportunities for the young and unemployed. At the end of the project level of entrepreneurship awareness among youth will be increased, competitiveness of the existing and start up businesses managed by young people will be improved, business skills and competences of young people improved and financial mechanism for provision of financial support will be developed.

Programme/Project objectives

Accelerate economic growth in central Serbia by facilitating the start up of new enterprises, the growth and competitiveness of existing SMEs, job creation and employment opportunities for the young and unemployed

Specific objectives

  • Create and preserve employment by enhancing economic viability of the private SME sector through promoting entrepreneurial spirit, business initiative and self employment among the young unemployed.
  • Increase competitiveness and economic results of young entrepreneurs and existing SMEs through provision of a diverse portfolio of practical training and development activities and direct financial support through micro loans