Projects Library

My Idea, My Business

Donor

Philip Morris International

Year/duration

September 2015 – February 2016

Budget

63.500 EUR

Implementing Partners

Foundation CEED Macedonia – sole applicant

Location

North Macedonia

Status

COMPLETED

Description

Project Summary:

The main objective of the project was to support young people in the Pelagonija region with entrepreneurial spirit and business ideas or start-ups, help them develop their entrepreneurial skills and business ideas. The specific objectives of the program included: providing support to youth (young entrepreneurs with start-ups or young people who would like to start a business), providing access to entrepreneurial knowledge and know-how; providing access to funding; enabling participants to start their own business/further develop their start-ups; create new and/or retain the existing jobs. The project was focused on young people (18-35) who have business ideas or startups and students coming from Pelagonija Region.

CEED was responsible for:

  • Design and implementation of training program for developing a business idea based on the Business Canvas Model,
  • Business Counseling and Mentoring offered to the participants,
  • Organization of Job shadowing for the participants,
  • Providing Small Grants for the best five business ideas (2000$ each), and
  • Organization of Business Case competition for students within which nine students were awarded 500$ (each).

Project results and impact achieved:

  • 40 participants went through the training program and developed their business ideas
  • 5 participants have been awarded grants (2000$ each) and opened new companies.
  • 9 students have been awarded prize within a student competition for best solution to a given business problem (500$ each).
  • Cooperation has been established with the Faculty of Economy in Prilep.