Complex entrepreneurship training for young people 18-25 years old, who come from low-income families and reside in Latvia, Estonia and Finland

Project description

The project will tackle joint cross-border challenges related to high unemployment of youth from low-income families, who are 18-25 years old and reside in Latvia (Zemgale, Riga and Riga region), Estonia (Lõuna-Eesti region) and Finland (Länsi-Suomi region).

The project overall objective is to design and implement a complex and dynamic cross-border training course consisting of 207 learning hours, which will significantly increase entrepreneurial abilities of young people from low-income families. The course will last for 1 year, encompass 7 face-to-face and 10 online events. In each cycle, trainees will learn and practice idea generation and idea assessment techniques, get a thorough understanding of how a company functions and study operations that occur in its various domains, including general management and business development, human resources, marketing, sales and customer relationships, finance and production. Afterwards, trainees will create cross-border multi-functional teams of 5-6 persons centered around specific business ideas and spend the following 4 months working on them. 18 thematic mentors will be available for help. As a result, young people will get ready for a release of a minimum viable product (MVP) and a business launch and have concrete action plans for all company domains studied earlier.