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Attendees, representing their stakeholders, agreed that a combination of financial and non-financial services is needed to increase the chances of viability of businesses set up by NEETs. Regarding financial services, the key point was the recruitment of appropriate business development agents, who will help NEETs’ businesses to be ready to receive funding from banking institutions to implement their business plans. Concerning non-financial services, the parties agreed that the support process should not be limited to prepare business plans and theoretical assessments but extended to entrepreneurs’ psychological preparation and linking financial predictions with real market research data.
The “Scaling trust-based partnership models to recharge youth entrepreneurship: Supporting underserved communities with innovative entrepreneurship support instruments (TPM-RYE) project”, benefits from €2,3M grant from Iceland, Liechtenstein and Norway through the EEA and Norway Grants Fund for Youth Employment. The aim of the program is to help unemployed youth access the labor market and promote entrepreneurship.