Future Young Entrepreneurs Erasmus Project

Project Title

Future Young Entrepreneurs

Project Key Action

This project related with these key action: Cooperation for innovation and the exchange of good practices

Project Action Type

This project related with this action type : Capacity Building for youth in ACP countries, Latin America and Asia

Project Call Year

This project’s Call Year is 2014

Project Topics

This project is related with these Project Topics:

Project Summary

The project FUTURE YOUNG ENTREPRENEURS sums up to the following phases and learning objectives and outcomes. The target group are young students aged 16-18, multilingual, with their own business ideas and the wish to build up their own company. We want to accompany these students on their way to become entrepreneurs. That includes raising awareness through case studies, business simulations, internships in companies and last but not least to work on their own business plans and network with companies and sponsors. We want to show what career planning is all about, from the innovative idea to the actual planning and setting. Entrepreneurship is our core subject.

Phase 1: Participants go through preparatory workshops regarding simulations in digital practice firms, intercultural awareness, diversity issues, and brainstorming for an innovative business ideas. We want to prepare our participants to raise awareness not only to put a business idea into practice but also take intercultural and diversity issues into account. Participants will then go through a start-up workshop and choose a partner company to accompany their process of entrepreneurship. This includes internships and workshops about making a business plan. Phase 1 takes place in each participant country and is accompanied by our project partners and the applicant organization. The result of Phase 1 is the draft of a business plan.

In each country 30 participants will participate. From each country 10 participants (in total 60) will be chosen to go further to phase 2.

Phase 2: 60 students will be going to Germany to

– evaluate their business plans in an international exchange with other participants from 6 different countries
– make amendments and work on the fine-tuning of to their business plans in the course of an internship in a business related company
– present their business plans to an international jury. The winner group will become the FUTURE YOUNG ENTREPRENEURS 2016.

Results:
1. career-oriented and diversity awareness training modules
2. to get familiar with tools to build the bridge between a business idea and an actual business plan
3. write an own business plan accompanied by experts
4. international exchange
5. internships in the home country as well as in Germany
6. to benefit from an international network of companies
7. to get feedback from an international jury

Participants increase their vocational competences, benefit from a multilingual approach and build up a positive and innovative attitude towards EU values and opportunities within the European Union. Our proposal brings added value at EU level through the above described outcome and results. Only international exchange with highly innovative countries, benefitting from different and diverse ideas can only be of a huge value to the European market and its relations to the world.

EU Grant (Eur)

Funding of the project from EU: 150000 Eur

Project Coordinator

GOETHE-INSTITUT EV & Country: DE

Project Partners