Although EU member states have prioritised the support and enhancement of youth entrepreneurship over the last years, thousands of young entrepreneurs are still facing barriers and social exclusion, while in many cases their initiatives are unsuccessful due to lack of competences and limited education.
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About The Project
According to the Organisation for Economic Co-operation and Development (OECD), 40% of youth indicate an interest in self-employment and entrepreneurship. However, only 4.1% of youth in employment in the European Union were self-employed in 2016 – which is one third of the proportion of all adults.
Young entrepreneurs and those interested in starting a business face a number of barriers, such as lack of awareness of potential for entrepreneurship, limited education and training on how to nurture entrepreneurial attitudes and skills, and lack of prior knowledge on how to organise and sustain a successful entrepreneurship performance.
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