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Promoting Youth Entrepreneurship in Senegal

Description

The project Promoting Youth Entrepreneurship in Senegal aims to unlock the entrepreneurial leadership potential of disadvantaged youth. It offers practical hands-on entrepreneurial experiences to youth that help them to develop social business projects that utilize market-based solutions to address social and environmental needs and engage communities. The project supports 600 disadvantaged youth aged 16 to 29 years old by offering them 10 –months long training on life skills and entrepreneurship. The trainings will include life skills, different aspects of establishing and administering an enterprise, ICT skills and the principles of sustainable social entrepreneurship. Participating in voluntary activities in favor of young people’s communities is a part of the training. In addition to the training, the youth receive mentoring and coaching from business professionals and various forums are organized for them to network with other entrepreneurs and potential investors.Among the 600 beneficiaries, 300 best business plans are selected to further development process by the end of the training process. The selected young entrepreneurs are offered incubation services at Synapse’s premises and assisted to find funding for their small scale enterprises. The remaining 300 beneficiaries are connected to the businesses launched by the selected youth or are offered additional assistance in their business plan- development and raising startup funding. The project will ensure that all youth who do not receive incubation services, will be assigned a business professional coach. Coaches will meet regularly with the youth to give them individualized advice on their income-generating activities. The youth will also be linked with Synapse’s Business Clubs –activities, where they can network with other entrepreneurial youth

Admittance

2013: 182 080 €
2014: 173 300 €
2015: 180 100 €

Target country

Senegal

Objectives monitored by OECD's Development Assistance Committee

Participatory development/Good governance
Aid to environment
Climate change - mitigation
Gender equality

Field of activity

Basic life skills for youth and adults 35%
Democratic participation and civil society 35%
Business support services and institutions 30%

Type of aid

Project-type interventions

Special target group

women
girls
youth

Funding channel

The Finnish Children and Youth Foundation
Synapse Network Center

Contact

keo-30

Code for the object of funding

26902805

ID

UHA2012-002628

Created date

6/13/2012

Modified

8/19/2013

Case state

$$100_APPLICATIONS_HANDLING$$
Quality assurance group handling
$$300_APPLICATIONS_PROPOSAL_PREPARATION$$

Case status

Pending

This document

Updated 8/30/2016

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