Revival entrepreneurship through second chance Erasmus Project

Project Title

Revival entrepreneurship through second chance

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 : Strategic Partnerships for vocational education and training

Project Call Year

This project’s Call Year is 2017

Project Topics

This project is related with these Project Topics: Research and innovation; Entrepreneurial learning – entrepreneurship education; Enterprise, industry and SMEs (incl. entrepreneurship)

Project Summary

Entrepreneurship is regarded as a powerful driver of economic growth and job creation and a basis for knowledge-based society and economy – a core priority in Europe 2020 strategy. So far all efforts have been focused on providing knowledge and skills in young and new entrepreneurs. However statistics prove that 30% of new businesses may not survive past the first 24 months and 50% of those may not make it past five years. Every year in the EU 200 000 firms go bankrupt, resulting in over 1.7 million people losing their jobs. Thus encouragement of continuing entrepreneurship, even after failure which is not due to dishonesty, is seen as essential to the health of Members States’ economies and the efficient functioning of the internal market. It is proved that failed entrepreneurs learn from their mistakes and are generally more successful the second time around, their next businesses are more viable and promote faster growth. Though there is a widespread perception about the stigma of failure and the fear of punitive sanctions as well as practical difficulties faced by formerly bankrupt entrepreneurs that hinder them from retry.
In this regard the consortium members are committed to provide a positive, friendly and incentive environment for second-chance entrepreneurial activity. The main aim of the project is to support the development of second-chance entrepreneurship attitude and self-confidence, -awareness and -efficacy in second-time entrepreneurs with guiding and mentoring relationships and thus restart their business successfully. Specific objectives of the project are:
– to encourage individuals to learn from their past experience by providing them with the right tools for understanding reasons behind their failure, their entrepreneurial potential and attitude;
– to support ex-entrepreneurs in developing their skills and motivation for entrepreneurial activity.
– to provide successful entrepreneurs, owners of SMEs, VET teachers, trainers and mentors with a step by step mentoring plan and guidelines on how to effectively pass their knowledge to their mentees;
– to enhance the cooperation and networking of entrepreneurs, enterprises, vocational and education institutions.
The project is aimed at the following target groups:
1) Second-time entrepreneurs
2) Successful entrepreneurs and owners of SMEs
3) Continuing VET providers including C-VET trainers, teachers and mentors, centres, independent individuals offering VET services
Minimum 574 participants were involved in 2REVIVE project activities by the end of the project.
The 2REVIVE partnership applied the life-cycle methodology for management and implementation of the project. This methodology is comprised of four general stages: 1. Initiation, planning and preparation; 2. Execution; 3.Testing and 4.Closure.
The products developed within the project lifetime are as follows:
– Research on behavioural attitudes towards second-chance entrepreneurship aimed to define both personal and societal attitude in partners’ countries towards second-chance entrepreneurship and how these attitudes influence individuals’ behaviour in regards of starting a business venture after first-time failure. It provided specific information on recent policy initiatives undertaken in each partner country and on EU level and their outcomes towards entrepreneurs’ activity and compared the success of the different approaches.
– Online self-assessment tool. The immediate tasks of the self-assessment tool is to enable failed entrepreneurs reflect on reasons behind their failure and educate them regarding the competencies and conditions required for their success. It allowed to rate themselves and their ideas against the environment in which were performed entrepreneurial activity and define the key knowledge, skills and abilities (competencies) needed to be successful in future.
– Guide4Mentors. It is a comprehensive tool targeted at business professionals and experienced entrepreneurs willing to become mentors, C-VET centers dealing with coaching and training of businessmen, owners of SMEs. Its aim is to provide the necessary knowledge and skills for possible mentors to transfer effectively their knowledge to their mentees.
– Guide to second-chance entrepreneurs’ success aimed to provide detailed information, instructions and checklists for entrepreneurs to help re-build a successful business. It is targeted especially to unsuccessful entrepreneurs that have to deal with the stigma of failure and have the purpose to support gaining self-confidence,-awareness,-efficacy, motivation and perseverance as well as coping with uncertainty, ambiguity and risk.
By achieving its objectives, 2REVIVE is contributing to creation of more supportive environment and the successful and knowledge-based entrepreneurial activity and thus creating job growths and economy development.

EU Grant (Eur)

Funding of the project from EU: 260222 Eur

Project Coordinator

Stowarzyszenie Avsi Polska & Country: PL

Project Partners

• PRISM – PROMOZIONE INTERNAZIONALE SICILIA – MONDO
• EUROPEAN CENTER FOR QUALITY OOD
• INFORMO – UDRUGA ZA POTICANJE ZAPOSLJAVANJA, STRUCNOG USAVRSAVANJA I OBRAZOVANJA
• ACROSSLIMITS LTD
• In Dialogue Netherlands
• CHAMBER OF COMMERCE AND INDUSTRY VRATSA SDRUZHENIE