Partners Albania believe that entrepreneurship is one of the key and most effective active labour market policies that can be utilized to address the high level of youth unemployment. Supporting youngsters to start their own business ventures is an effective mechanism to by-pass the challenges of getting an entry-level position in the market.
Our newest initiative in this regard aims to contribute to increased employability and fostered social inclusion among young people in the cross-border area Albania – Montenegro. It will have a specific focus on creating an enabling environment for the community of young entrepreneurs in the cross-border area committed to starting their own business (Shkodra region in Albania, and municipalities of Podgorica, Tuz, and Bari in Montenegro).
Using a participatory approach that involves the participation of youngsters, local authorities, public institutions, universities and schools, and private companies, we will work to create a group of skilled and motivated young people in the cross-border area, ready to start their own enterprise and to create employment opportunities for other youngsters.
A series of activities to be conducted in two years include Research in outsourcing of jobs that can become a business opportunity and problems that are slowing down the progress in micro-enterprises that could be solved through new services and businesses; Innovation Boot Camps and Individual training program, joint cross-border cooperation forums, policy documents etc.
These activities are expected to achieve: Improved youth abilities for developing their own business ideas based on innovative skills, new competencies and knowledge; Increased opportunities for support to start-up businesses of young people in the target area; Increased support to young entrepreneurs and self-employment through local policies and incentives.
The project was officially launched in June, in two kick-off events that took place in Podgorica and Shkodra, followed by a series of information sessions held in six cities in Albania and Montenegro where interested young people of the age (18 – 30) from both sides of the border areas were invited to participate in the INNOVATION BOOT CAMPS.
The “Innovation Boot Camp” for the participants from Albania was organized on 12-16 July 2021, and the one for the participants from Montenegro was organized on July 21-25 in Ulcinj. During the 5 days of the program, the youngsters developed business plans of their ideas and prepared the pitching for presentation in front of a jury of experts from the business sector, public institutions such as the Municipality of Shkoder and the Employment Office (for Albania) as well as mentors of the Boot Camp.
At the end of the program, 8 most innovative business ideas in each country were selected for further support. They will continue to be supported and promoted by the project to expose them to opportunities for funding, mentorship, development, etc.
The mentoring sessions were offered individually to each of the winning business ideas:
- Mjedrat e Dejës,
- Pet Albania,
- Ferma Zoga,
- Info Point Danja
- Krimbi i Mëndafshit
Through these sessions, the winners discussed and worked with experts to improve their business idea, how they can better define the target market, discover the competitors in the market, and determine their competitive advantages. The sessions followed with product/service development, branding, and an appropriate sales and marketing strategy, development of a business plan with a focus on the financial part, and the creation of complete financial statements for the 3-5 years, also determining the amount of financing that will be required by investors at the start-up phase. The final step included mentoring on the presentation skills so the youngsters are prepared to present their business ideas to potential investors, donors, or grant schemes in the upcoming event “Pitching of business ideas to a large audience of cross-border stakeholders”.
On November 12th, we held in Shkodra the Cross-Border Forum for Future Cooperation event.
It served to increase cohesion, exchange, networking, and partnership opportunities between young entrepreneurs from the cross-border area, through work in small groups, feedback of experts accompanied with recommendations for further improvement of their ideas, supporting opportunities in their areas such as loans, crowdfunding and other platforms (such as Dua Partner Invest).
The initiative is implemented by Partners Albania for Change and Development, in partnership with Association for Democratic Prosperity – Zid in Montenegro and Intelektualet e Rinj, Shprese in Shkodër, Albania. The initiative is funded by the European Union through Cross Border Cooperation Programme Montenegro – Albania 2014-2020 under the IPA II.
|Factsheet on the Work4Youth Initiative||Download|
|ENTREPRENEURSHIP AND SELF-EMPLOYMENT OF YOUTH IN THE BORDER AREA OF ALBANIA AND MONTENEGRO: current conditions, perspective, and cross border cooperation||Download|