Succeed in business

The project will address an opportunity that lies in the potential of young people that can be unfolded if they undergo a substantial all-round business training, which will enable them to learn and practice entrepreneurial skills, get exposed to business environment in 3 Central Baltic countries, interact and cooperate with their peers, learn from remarkable entrepreneurs, as well as receive continuous tailor-made support at all stages on the way to company establishment and after.

The project addresses cross-border challenges of high unemployment among 18-25-year-olds from low-income families in Latvia, Estonia, and Finland.Young people struggle to get jobs because employers prefer candidates with experience. Such individuals are particularly vulnerable since they are forced to earn a living from an early age and, in many cases, have to settle for low-qualified positions. This limits their potential, career growth, income, and job satisfaction. Starting a business seems a viable alternative.

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). Young people often struggle to get a job and can find themselves in a long-term unemployment or NEET (Not in Employment, Education or Training), situation, as employers generally prefer to hire personnel with a prior work experience. Individuals from low-income families are particularly vulnerable since they are forced to earn a living from an early age and, in many cases, have to settle for low-qualified positions. Moreover, fee-paid education is not accessible to them. As a consequence, young people with poor income are frequently unable to realise own potential, build an impressive career, earn a desired salary and achieve job satisfaction.