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<< Background >>In a Europe facing post-covid-19 economic downturn and the resultant high unemployment, never before have the efforts of young entrepreneurs been so crucial, in terms of creating jobs and driving social change.But this is a Europe of high start-up failure rates and slender interest in entrepreneurial activity among the young (compared to the US)- due to multiple socio-economic barriers.It is a real need to empower young people, done that Unemployment in Spain stands at 16.1% but youth unemployment is close to 40%, doubling the average rates in the Eurozone and the EU. This happens in other countries in the partnership like Portugal (youth unemployment of 23,5%, being the general unemployment rate of 6,9%), Ireland (youth unemployment of 12,62%, being the general unemployment rate of 5,16%), Lithuania (youth unemployment of 12,72%, being the general unemployment rate of 5,16%) and Italy (youth unemployment of 29.7%, being the general unemployment rate of 9,99%).<< Objectives >>This project aims to build on the soon-to-expire EU Entrepreneurship Action Plan by focusing on innovative ways to galvanize the youth community into entrepreneurial action and promote entrepreneurship as a valid career option for youth and young NEET groups. There will be at least 150 participants from these groups in the project.<< Implementation >>According to the Project Management Institute (PMI) 89% of project professionals implement a hybrid of project management methodologies. This project will blend the principles of Agile- with its focus on quality- with the PMBOK’s rudimentary principles of initiating, planning, executing, controlling, and closing, which will be underpinned by a 24-month gantt chart.Multiplier Events and TPMs will be aimed at achieving project results.<< Results >>The project will result in the outcomes of a body of youth immediately equipped with skills, knowledge and fresh ideas to launch a business, plus access to business mentors to help course correct and maintain motivation. This will be achieved developing four outputs:1. Hackathon online training for young entrepreneurs (basic skills in ENTRECOMP Framework).2. ‘Masterclass’ An online platform where young entrepreneurs can connect with mentors listed by areas of business interest. Initial contact will be made and arrangements for meeting up.3. ‘I Did It My Way’ Case studies of successful entrepreneurs- mistakes made, lessons learned.4. ‘Sell, Sell, Sell’ OER of marketing tips- copywriting/Search Engine Optimisation (SEO) /Social Media Optimisation (SMO)The expected long-term benefits are a Europe friendlier disposed to entrepreneurship in general and among youth specifically.
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