UNLOCKING THE POTENTIALS FOR BUSINESS AND SOCIAL INNOVATION IN THE DANUBE REGION BY EQUIPPING YOUNG PEOPLE WITH NEW GENERATION SKILLS
Why NewGenerationSkills project?
Young generations have the potential to be pro-active engines of innovation and become change-makers in their local communities. However, 62% of young people in Central and Eastern Europe are not interested in starting their own business, whereas one in five would like to, but consider it too difficult. This weak entrepreneurial culture and missing innovation management capacities are recognized as a key challenge in the Danube Region. Unlocking youth’s unexploited potential starts at local level by developing their skills and competences and creating an enabling environment to help them become their ideas grow their innovative ideas into ventures with high social added value, potentially taken up by the private & public sectors transnationally.
The project upgraded existing cooperation mechanisms between its key target group of quadruple helix actors including local municipalities, as facilitators, along with organisations representing local youth, education, and the business sector to create innovative local support schemes going beyond existing fragmented initiatives taking the form of INNOVATION LABS. Interweaving innovation and youth entrepreneurship support contributed to bridging the gap between education and new generation skills needed for navigating in the changing world of work. Through organic, community based learning programs – DYNAMIC LEARNING PACKAGE, this novel support scheme reached out to the youth, in particular young people (aged 15-29) in transition from education to the labour market, faced with major career decisions, who are motivated, but inadequately skilled to generate new ideas and take the first steps towards socially responsible, transformative entrepreneurship.
This youth focussed innovation support process ultimately leads to better economic performance, lower brain drain and have a positive impact on the quality of the local working/living environment.
Local Government and Municipality of District 11 of Budapest, Újbuda – Lead Partner
Sofia Development Association is one of the knowledge partners and leader of Work package 3 - Innovation Capacities.
The cities who join the project as partners are: Sofia, Graz, Maribor, Cluj, Savski Venac, Belgrade. The other knowledge partners are DEX Innovation Centre, PRIZMA, NOWA, Akzente, Institute Mihajlo Pupin, Intercommunity Development Association Cluj Metropolitan Area, Corvinus University of Budapest Small Business Development Centre.
More about the project activities: http://www.interreg-danube.eu/approved-projects/newgenerationskills.