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The Interregional Cooperation Programme INTERREG IVC, financed by the Euopean Union's Regional Development Fund, helps Regions of Europe work together to share experience and good practice in the areas of innovation, the knowledge economy, the environment and risk prevention. EUR 302 million is available for project funding but, more than that, a wealth of knowledge and potential solutions are also on hand for regional policy-makers.
Entrepreneurial activities have quite an enormous impact for theeconomic performance of regions and the renewal of regional knowledge. Fostering entrepreneurship with (semi)public funding contributes to a more prosperous regional economy and can reduce the unemployment rate significantly. The experiences of the project partners as weil as acknowledged studies show that entrepreneurial initiatives are successful if different types of services are provided for starting and young entrepreneurs. Such services include assessment, training, ongoing consultation, facilities, and networks.
The partners representing 7 European regions are convinced that a shift is needed from a fragmented support system to a holistic approach. It is necessary to develop regional networks of involved government agencies, regional economic development providers, labour offices, chambers, universities, associations, media, and banks. Those regional networks can provide support to all potential and young entrepreneurs to overcome the initial hurdles of launching their businesses.
Active networks of public and private institutions as weil as target group orientated consultation and qualification approaches are already implemented in some ENTREDI partner regions. The project will gather such activities, approaches and good practices in a pool where all partners can find something to install or adopt in the Structural Funds framework of their region.
The project will result in 7 regional Action plans on the development and improvement of entrepreneurship support. These will be signed by the Managing Authorities of the respective Regional Operational Programmes. The experiences, methods and tools will also be made available to other European regions.
Kompass Zentrum fur Existenzgrundungen Frankfurt am Main gGmbH (Lead Partner)
Kompass Center for Innovation and Entrepreneurship (Lead Partner)